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11) The Reserve Bank of India (RBI) is likely to adopt a zero tolerance policy on Know Your Customer (KYC) and Anti-Money Laundering (AML) norms. Examine what this zero tolerance policy entails and why there is such strict policy against above mentioned violations by banks.

Topicmoney-laundering and its prevention

11) The Reserve Bank of India (RBI) is likely to adopt a zero tolerance policy on Know Your Customer (KYC) and Anti-Money Laundering (AML) norms. Examine what this zero tolerance policy entails and why there is such strict policy against above mentioned violations by banks. (200 Words)

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