BANK SIDBI Grade A (General) Phase I Mock Test 2024 Banking and Financial Awareness KYC & Money Laundering
Under the KYC guidelines, which of the following statements about customer classification is correct?
1. Low-risk customers include salaried individuals with stable income and known addresses.
2. High-risk customers include PEPs, trusts, and NGOs operating in sensitive sectors.
3. Medium-risk customers require monthly transaction monitoring.
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