All the users of P-Notes would have to follow Indian KYC and ALM Regulations.What is the full form of ALM

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Application Lifecycle Management
B	Asset Liability Management
C	Advanced Locality Management
D	Anti Money Laundering

Explanation:

Detailed explanation-1: -Reserve Bank of India has issued regulatory guidelines on Know Your Customer (KYC) norms / Anti Money Laundering (AML) Standards / Combating of Financing of Terrorism (CFT) from time to time.

Detailed explanation-2: -At their core, Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations exist to limit or mitigate the impact of money laundering, terrorism funding, corruption, and other forms of financial crime. KYC and AML are mandatory for regulated entities deemed at high risk of facilitating financial crime.

Detailed explanation-3: -What is AML and KYC? Know Your Customer (KYC) is the process of obtaining information about a customer and verifying their identity. Anti-Money Laundering (AML) is a complex of measures carried out by financial institutions and other regulated entities to prevent financial crimes.

Detailed explanation-4: -Know Your Customer (KYC) standards are designed to protect financial institutions against fraud, corruption, money laundering and terrorist financing.

Detailed explanation-5: -Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT)

There is 1 question to complete.