IBPS RRB Office Assistant Mains 24 Sep 2022 Paper

Question : 118 of 200

Marks: +1, -0

Which of the following statements is true about Know Your Customer (KYC) regulations?

KYC means Know Your Customer
It was introduced under Prevention of Money Laundering Act
KYC process includes ID card verification, face verification, document verification such as utility bills as proof of address, and biometric verification.
Banks must comply with KYC regulations and anti-money laundering regulations to limit fraud.
All are true

Go to Question:

Prev Question

Next Question