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Module: General Practice

Q26: Regarding the opening of bank accounts, what is the specific regulatory stance on "Introductions"?

A
An introduction from an existing customer is mandatory for all new accounts.
B
An introduction is required only for High-Risk customers.
C
The bank shall ensure it does not seek introductions while opening accounts.
D
Introductions are optional but recommended for faster processing.
✅ Correct Answer: C
The bank shall ensure it does not seek introductions while opening accounts.
This updated norm is important for the IIBF AML KYC Exam 2026.
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