alleryCustomer due diligence means identifying the customer and the:
ABeneficial owner
BBeneficial officer
CBeneficial operator
DBeneficial obligor
Answer & Solution
Correct answer: A. Beneficial owner
1. The process uses reliable and independent sources.
2. It looks past the person in front of the counter.
3. It must reach the beneficial owner as well.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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