Home › IBPS Clerk › Banking Awareness › Banker-Customer Relationship › Who ensures the bank's overall compliance under …
Who ensures the bank's overall compliance under the PML Act?
ADedicated Director
BDeputed Director
CDesignated Director
DDelegated Director
Answer & Solution
Correct answer: C. Designated Director
1. This person is nominated by the Board.
2. The role covers Chapter IV obligations.
3. It is the Designated Director.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
Related questions
If the CDD documents have expired, the bank must run KYC equal to:At periodic updation the bank verifies PAN details from the:A customer may have KYC updated at:KYC done at one branch is valid when the account moves to:KYC of a low risk customer must be updated at least once every:KYC of a medium risk customer must be updated at least once every:KYC of a high risk customer must be updated at least once every:A customer acceptance policy must not deny banking to the: