Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:
A. Combating finance of terrorism
B. To check hawala transactions
C. To check the inflow of crime money
D. All the above
Answer:D
Banks are required to monitor transactions of suspicious nature for reporting to the authorities under anti- money laundering measures. The purpose of reporting is:
A. Combating finance of terrorism B. To check hawala transactions C. To check the inflow of crime money D. All the above