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Doubts raised --General awareness

doubts raised by a candidate.  I thought it is better to post here so that all others can also see.
best wishes
Hello sir...
1. Can you please tell me what does "Money Laundering" mean???? n how does it work???
    Is this topic anything to do with black money and white money??

Definition of 'Anti Money Laundering - AML'

A set of procedures, laws or regulations designed to stop the practice of generating income through illegal actions. In most cases money launderers hide their actions through a series of steps that make it look like money coming from illegal or unethical sources was earned legitimately.

Investopedia Says

Investopedia explains 'Anti Money Laundering - AML'

Though anti-money-laundering laws cover only a relatively limited number of transactions and criminal behaviors, their implications are extremely far reaching. An example of AML regulations are those that require institutions issuing credit or allowing customers open accounts to complete a number of due-diligence procedures to ensure that these institutions are not aiding in money-laundering activities. The onus to perform these procedures is on the institutions, not the criminals or the government. 

2. Sir what are gilt-edged securities???
Government securities are called as gilt edged securities,
3.Sir what are open market operations??? i have read that RBI buys and sells securities to the
   public??? is this open market operations...???
Open Market Operations
An important instrument of credit control, the Reserve Bank of India purchases and sells securities in open market operations.
In times of inflation, RBI sells securities to mop up the excess money in the market. Similarly, to increase the supply of money, RBI purchases securities.


4.sir what is your view on RBI's stringent laws and norms that makes private and even public sector
  banks tough to interact and deal with the customers??? is it good for india's banking sector or bad??
my views is that stringent norms and procedures only helped Indian Banks to survive during the global economic crisis in 2008.  Banks in USA and many other countries suffered losses and closed because they were not subject to strict regulations as ours.

Please give me your valuable inputs on the above questions.

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