Module: | KYC, NPAs, Advances & Investment Valuations
Q241: Which of the following is NOT one of the four key elements that the Know Your Customer (KYC) policy of a bank must include?
✅ Correct Answer: D
The KYC policy shall include following four key elements: (i) Customer Acceptance Policy; (ii) Risk Management; (iii) Customer Identification Procedures (CIP); and (iv) Monitoring of Transactions.