Page-3 of Terrorism financing Current Affairs, GK & News
SEBI to come out by Nov’11 Homogenous norms for setting up a uniform Know Your Customer (KYC) Regulation Authority. It will relieve the burden comparable on the intermediaries as well as the common man, seeking to make investments. This mechanism once set would make certain that KYC exercise is undertaken only once and enabling all ..
Topics: Anti-money laundering software • Bank regulation • Banking in India • Crime • Economy • Financial regulation • Know Your Customer • KYC • Money • Money Laundering • Politically exposed person • Terrorism financing
Combating of Funding of Terrorist (CFT) is a new cell formed by Union home ministry to focus on effectively dealing with funding of terrorist activities in the country. A Terror Funding and Fake Currency Cell in National Investigation Agency has also been constituted to focus on investigating the flow of money into anti-national activities.