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If no natural person can be identified, the beneficial owner is the:
ASecond officer
BSalaried officer
CSettlement officer
DSenior official
Answer & Solution
Correct answer: D. Senior official
1. The tests for company, firm and association may all fail.
2. Someone must still be named.
3. The senior managing official is treated as the owner.
_Source: Reserve Bank of India (Commercial Banks - Know Your Customer) Directions, 2025_
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