Module IV Recap

Module IV Recap

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Question 1 of 3

1. Question
State whether True or False:

A beneficial owner need not always be a natural person.
- True
- False
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Question 2 of 3

2. Question
What is the purpose of name screening?
- Monitoring suspicious transactions in all the accounts of the bank.
- Determining whether any of the bank’s existing or potential customers are part of any regulatory blacklists, adverse lists, or high-risk lists.
- Uniquely identifying customers based on the information collected, like address, PAN number, etc.
- De-duplicating names of customers who are already doing business with the bank.
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Question 3 of 3

3. Question
State whether True or False:

In case of the trust, the bank should collect KYC information for the settlor and/or protector.
- True
- False
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