Objective of KYC guidelines is to prevent

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Objective of KYC guidelines is to prevent –

A. Identity theft

B. Financial fraud

C. Money laundering

D. All of the above

Answer: Option D

Solution (By Examveda Team)

The objective of KYC guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering activities.

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Objective of KYC guidelines is to prevent –

Solution (By Examveda Team)

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