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Know your customer (KYC) is critical for business from regulatory perspective because O a. It helps maximise business revenue and turnover by understanding customers' preference Ob. Business can collect customer data and make profit out of it O c. It can protect against fraud and crimes and to deliver obligations in terms of products and services O d. Business can proactively chase the sources of money laundering and protect the public interest

Know your customer (KYC) is critical for business from regulatory perspective because O a. It helps maximise business revenue and turnover by understanding customers' preference Ob. Business can collect customer data and make profit out of it O c. It can protect against fraud and crimes and to deliver obligations in terms of products and services O d. Business can proactively chase the sources of money laundering and protect the public interest

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter7: Accounting Information Systems
Section: Chapter Questions
Problem 26MC: An enterprise resource planning (ERP) system ________. A. is software to help you prepare your tax...
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Know your customer (KYC) is critical for business from regulatory perspective because O a. It helps maximise business revenue and turnover by understanding customers' preference O b. Business can collect customer data and make profit out of it O c. It can protect against fraud and crimes and to deliver obligations in terms of products and services O d. Business can proactively chase the sources of money laundering and protect the public interest Based on ASIC's Innovation Hub Sandbox exemption for fintech testing, given fintech in sandbox must: O b. O c. Od. Have no more than 100 retail clients Can have unlimed wholesale clients Have total exposure to customers of no more that $5 million All of the above
Transcribed Image Text:Know your customer (KYC) is critical for business from regulatory perspective because O a. It helps maximise business revenue and turnover by understanding customers' preference O b. Business can collect customer data and make profit out of it O c. It can protect against fraud and crimes and to deliver obligations in terms of products and services O d. Business can proactively chase the sources of money laundering and protect the public interest Based on ASIC's Innovation Hub Sandbox exemption for fintech testing, given fintech in sandbox must: O b. O c. Od. Have no more than 100 retail clients Can have unlimed wholesale clients Have total exposure to customers of no more that $5 million All of the above
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