Under which Act are the KYC norms implemented? A. SEBI Act 1992 B. Foreign Contribution and Regulation Act, 1976 C. Prevention of Money laundering Act 2002 D. Banking Regulation Act, 1949 E. Both (C) and (D)

1 Answer

Answer :

 C. Prevention of Money laundering Act 2002 Explanation: KYC guidelines/instructions are issued under under Prevention of Money laundering Act PMLA, 2002.

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