One of the major challenges banking industry is facing these days is money laundering. Which of the following acts/ norms are launched by the banks to prevent money laundering in general?
A. Banking Regulation Act
B. Know Your Customer Norms
C. Negotiable Instrument Act
D. Narcotics and Psychotropic Substance Act
Answer: Option B
This Question Belongs to Banking Awareness >> Banking Awareness Miscellaneous
Join The Discussion