Question

What is the purpose of anti-money laundering guidelines?

a.

To promote illegal activities

b.

To facilitate money laundering

c.

To prevent funds from being routed through illegal channels

d.

To encourage terrorism

Posted under IC 14 Regulations of Insurance Business

Answer: (c).To prevent funds from being routed through illegal channels Explanation:The purpose of anti-money laundering guidelines is to prevent funds from being routed through illegal channels for use against public interest. These guidelines aim to safeguard the integrity of the financial system and protect society from economic consequences.

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Q. What is the purpose of anti-money laundering guidelines?
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