Q. How are telegraphic transfers used for money laundering?

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Q. How has the return premium been used for money laundering?

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Q. In what scenarios should insurers be especially vigilant regarding overpayment of premiums?

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Q. What risks does a financial institution or economy with poor anti-money laundering (AML) regime face?

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Q. How can criminal proceeds entering the financial system affect its stability?

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Q. What is one of the major threats posed by money laundering, especially post 9/11 attacks?

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Q. How has technology contributed to concerns regarding money laundering and terrorism financing?

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Q. Which legislations were enacted in India in the late 1980s to address drug trafficking and related money laundering activities?

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Q. When was the Prevention of Money Laundering Act (PMLA) 2002 brought into force?

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Q. What are the objectives of the Prevention of Money Laundering Act (PMLA)?

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Q. According to Reserve Bank of India (RBI) guidelines, what transactions should banks and financial institutions maintain records of?

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Q. What constitutes a suspicious transaction in insurance?

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Q. Which of the following is NOT listed as an example of a suspicious transaction in insurance?

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Q. What action should be taken if there is a suspicion of a transaction being involved in illegal activity?

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Q. What is the purpose of analysing suspicious transactions and taking immediate action?

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Q. What is the primary objective of KYC processes?

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Q. Which of the following is NOT a purpose of collecting detailed customer information?

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Q. What are the typical documents accepted as photo identity proof during the KYC process?

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Q. What can KYC deficiencies lead to?

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Q. What documents are typically accepted as address proof by insurance companies?

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