Which of the following statements about the KYC Customer Acceptance Policy (CAP) are correct?
1. Banks must avoid opening accounts in fictitious or anonymous names.
2. Existing accounts can be closed if customer data is unreliable or incomplete.
3. Customers with a criminal background are not eligible to open accounts.
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
All of the above
5
None of the above