FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

India has strict outsourcing laws. what are those laws enacted by the Royal Bank of India (RBI). if my law firm has a local banking

India has strict outsourcing laws.  what are those laws enacted by the Royal Bank of India (RBI). if my law firm  has a local banking branch in India, and the branch wants to outsource certain automated AML and OFAC related reviews to service provider ABC Tech located in Malaysia. if the proposed outsourcing to ABC Tech falls within the scope of the outsourcing laws, and if so, what are the restrictions and what must the Indian Bank do in order to outsource this service?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The Reserve Bank of India RBI has laid out specific guidelines governing outsourcing by banks many of which dovetail with antimoney laundering AML and ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Business

International Business

Authors: Simon Collinson, Rajneesh Narula, Alan M. Rugman

8th Edition

1292274158, 9781292274157

More Books

Students also viewed these Law questions

Question

★★★★★
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Answered: 1 week ago

Question

★★★★★
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★
The client is an electronic engineer. He was born in Erith, England, on the 7th day of July 1946. During the relevant times the client held a valid passport for the United Kingdom of Great Britain...

Answered: 1 week ago

Question

★★★★★
You have been given the following algorithm. What does it return? Input: Array A [ 1 . . . [ 1 . . . n ] ] Output: ? ? ? ? out 1 1 for i 2 2 to n do if A [ [ i ] Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★
1. Discuss the Push and Pull Supply Chain Management systems and talk to the boundaries between the two. Ensure that you give examples. 2. Explain the principles and logic of the Theory of...

Answered: 1 week ago

Question

★★★★★
briefly describe the difference between high context cultures and low context cultures

Answered: 1 week ago

Question

★★★★★
Is this really true, or am I just taking it for granted?

Answered: 1 week ago

Question

★★★★★
Mountain High Ice Cream Company transferred $60,000 of accounts receivable to the Prudential Bank. The transfer was made with recourse. Prudential remits 90% of the factored amount to Mountain High...

Answered: 1 week ago

Question

★★★★★
Pharoah Production Company manufactures 50600 high-definition televisions each year. Pharoah is considering purchasing the glass screens from an outside source rather than producing them internally....

Answered: 1 week ago

Question

★★★★★
A simple beam ACB supports a uniform load of intensity q on the left-hand half of the span (see figure). 2 2

Answered: 1 week ago

Question

★★★★★
The Snedecker Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2 percent per period. Current Policy New Policy Price per unit...

Answered: 1 week ago

Question

★★★★★
One way to determine the trend of a data set is to find ______________________. Question 36 options: a) percentage of non-overlapping data b) the split middle line of progress c) percentage of...

Answered: 1 week ago

Question

★★★★★
The annual salaries for 5 randomly selected people: Diana: $154,500 Clark: $76,000 Lois: $119,350 Bruce: $2,350,000,000 Barry: $68,000 Which would be the best measure of central tendency for this...

Answered: 1 week ago

Question

★★★★★
Your clients expect a 10% return on investment for podcast and a 15% ROI for TV ads. How would you calculate the expected profit for a client who invests $5500 on a podcast ad and $10,000 for a TV ad

Answered: 1 week ago

Question

★★★★★
Describe in detail the three main assumptions for parametric testing.

Answered: 1 week ago

Question

★★★★★
Which information is required to calculate the Total Amount of Insurance Needed in the Financial Needs Analysis (FNA) section? i. Death Amount, Passive Income, Mortgage Balance ii. Mortgage Balance,...

Answered: 1 week ago

Question

★★★★★
You are ready to retire. A glance at your 401(k) statement indicates that you have $2,800,000. If the funds remain in an account earning 5% annually, how much could you withdraw at the end of each...

Answered: 1 week ago

Question

★★★★★
Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash $1,500,000 Accounts receivable, net 18,000 Inventory 50,000 Total current assets 1,568,000 Equipment 90,000 Goodwill...

Answered: 1 week ago

Question

★★★★★
It is a complex time to be a big player in the global marketing communications (marcomms) industry. The explosion of digital media means that every marketing idea is scrutinised by a variety of...

Answered: 1 week ago

Question

★★★★★
Founded in 1987 in Shenzhen, China, in just 30 years Huawei has grown to become a leading global information and communications technology (ICT) organisation that provides consumers with competitive...

Answered: 1 week ago

Question

★★★★★
Among industrialised countries, the US market for pharmaceuticals is the least regulated and thus the largest in the world. Not surprisingly, European companies like AstraZeneca, Aventis and...

Answered: 1 week ago

Question

★★★★★
The IQ of a 6-year-old with a measured mental age of 9 would be 67. 133. 86. 150.

Answered: 1 week ago

Question

★★★★★
Sternbergs three types of intelligence are ____________, ____________, and ____________.

Answered: 1 week ago

Question

★★★★★
Emotionally intelligent people tend to seek immediate gratification. understand their own emotions but not those of others. understand others emotions but not their own. succeed in their careers.

Answered: 1 week ago

Previous Question Next Question