📝 One-liners · 78 cards
Operational Aspects of KYC
Under which section of the Banking Regulation Act, 1949 does RBI issue KYC directions?
Section 35A.
KYC norms are aligned with which global standard-setter on AML/CFT?
FATF (Financial Action Task Force) — its 40 Recommendations.
KYC operates within which Act and its rules?
PMLA, 2002 and the PML Rules (PMLR), 2005.
Does KYC apply to small or dormant accounts?
Yes; it applies to all accounts and all transactions — no carve-out.
🔒
Unlock 78 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Operational Aspects of KYC.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days