The Reserve Bank of India reportedly imposed fines totalling ₹49.5 crore on 22 private and public sector banks in July, 2013 for violating KYC/anti-money laundering norms. In order to avoid such recurrence, what policy f
CS Professional · Banking - Law and Practice · PYQS · June 2014
The Reserve Bank of India reportedly imposed fines totalling ₹49.5 crore on 22 private and public sector banks in July, 2013 for violating KYC/anti-money laundering norms. In order to avoid such recurrence, what policy framework do you suggest for banks ?
Topics: Banking Regulations
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