What is the full form of "AML"?
A. Anti-Money Laundering
B. Asset Linked with Market
C. Annual Mobility Linked
D. Association of Margin Lendors
Answer: Option A
Solution(By Examveda Team)
Anti-money laundering (AML) refers to the activities financial institutions perform to achieve compliance with legal requirements to actively monitor for and report suspicious activities.Related Questions on Banking Abbreviations
What is the full form of "UTI"?
A. Unit Trust of India
B. United Tax Information
C. Uniform Tax for India
D. Undivided Individual Tax
What is the full form of "UCB"?
A. Union Cooperative Bank
B. Urban Cooperative Bank
C. United Corporation Bank
D. Unique Conveying Basis Points
What is the full form of "UBD"?
A. Undivided Banking Deposit
B. Unified Banking Deviations
C. Urban Banks Department
D. Urban Business Development
What is the full form of "SCB"?
A. Simple Cash Binding
B. Statistical Business Consortium
C. State Cooperative Bank
D. SMB Cooperative Bank
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