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Role of indian banks in combating money laundering

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Answer:

The purpose of Anti-MONEY Laundering Regulation (AML) is to detect and deter money laundering ACTIVITY. ... In India, as a central bank, the Reserve Bank of India (RBI) has taken measures to enforce AML IMPLEMENTATION in banks SINCE the enactment of Prevention of Money Laundering Act (PMLA) in 2002.



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