Interested to Buy Any Domain ? << Click Here >> for more details...
What do you understand by KYC & AML?
- 2 Answers
- 43047 Views
- Axis, HSBC, ICICI, Wipro, I also Faced
- E-Mail Answers
Answer Posted / devender
Know Your Customer (KYC) guidelines and Anti Money Laundering (AML)
Money launders use the banking system for cleansing ‘dirty money’ obtained from criminal activities with the objective of hiding/disguising its source. The process of money laundering involves creating a web of financial transactions so as to hide the origin and true nature of these funds.
| Is This Answer Correct ? | 231 Yes | 8 No |
Post New Answer View All Answers
What are the provisions to protect the interest of small depositors?
What is crossing?
What Are The Different Types Of Loans Offered By Banks?
explaine me what the stock market points & how to decide increase in points.
What is Share Certificate?
What Documents Do I Need To File In A Chapter 7 Case?
Mention the role of Actuary in consulting firm?
A man purchase 1 Nokia mobile net price 10000 discount 25% than half of the amount cash & half of the amount check?
How will you define growth and development?
What Is The Monthly Close?
What do you know about various Wildlife Sanctuaries.
How often do you use social networking sites?
What are the various risks that banks face?
If given a chance to improve the economic situation of the country, what are the various initiatives you will take?
What is secularism?
