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BUSINESS LAW - Regulatory Framework and Legal Issues In Business Why banks, quasi banks and non-bank financial intermediaries are Covered Persons under Anti- Money Laundering

BUSINESS LAW - Regulatory Framework and Legal Issues In Business

  1. Why banks, quasi banks and non-bank financial intermediaries are "Covered Persons" under Anti- Money Laundering Act? Explain.
  2. Why securities market institutions are covered persons under Anti-Money Laundering Act ? Explain.
  3. How do covered persons under Anti-Money Laundering Act play roles in the implementation of Anti-Money Laundering Act ?

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