Q49: What is the requirement for Regulated Entities (REs) regarding customers who are non-profit organisations (NPOs)?

REs must obtain an annual report and audited financials from the NPO.

REs must ensure the details of such customers are registered on the DARPAN Portal of NITI Aayog.

REs must categorize all NPOs as high-risk and apply enhanced due diligence.

REs must report all transactions of NPOs to the Financial Intelligence Unit - India (FIU-IND).

✅ Correct Answer: B

REs must ensure NPO customers are registered on the DARPAN Portal of NITI Aayog.

This integration with government databases is a modern compliance requirement tested in RBI KYC Guidelines MCQs.

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