The objective of KYC/AML/CFT guidelines is to forestall banks from getting used, intentionally or unintentionally, by criminal elements for hiding or terrorist financing activities. KYC procedures also enable banks to know/understand their customers and their financial dealings better which successively help them manage their risks prudently.
CFT full form in KYC
by sarkarijob | Mar 4, 2021 | Uncategorized | 0 comments