Q17: Every Regulated Entity (RE) which is part of a group must implement group-wide programmes against money laundering and terror financing. What must these programmes include?

Group-wide policies for sharing information required for client due diligence and money laundering/terror finance risk management.

A policy to report all shared information to the Reserve Bank of India.

A rule prohibiting the sharing of any customer information between group entities.

Safeguards to prevent tipping-off, but no requirement to share information for client due diligence.

✅ Correct Answer: A

Regulated Entities (REs) must implement group-wide programmes that include policies for sharing information for client due diligence and risk management.

This ensures cohesive compliance, a concept often tested in RBI KYC Guidelines MCQs.

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Bank Promotion Exam Guide

Q17: Every Regulated Entity (RE) which is part of a group must implement group-wide programmes against money laundering and terror financing. What must these programmes include?

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