BANK SIDBI Grade A (General) Phase I Mock Test 2024 Banking and Financial Awareness KYC & Money Laundering
Which of the following statements are true regarding the "Designated Director" under KYC guidelines?
1. A Designated Director is responsible for ensuring compliance with KYC obligations.
2. The Designated Director must be nominated by the Board of Directors of the Regulated Entity (RE).
3. The Principal Officer can be the Designated Director.
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