The objective of KYC/AML/CFT guidelines is, (A) to prevent banks from being used, intentionally or unintentionally, by criminal. To counter money laundering in India, Government of India has come up with: (A) Banking Regulation Act (B) Reserve Bank of India Act (C) Prevention of Corruption Act (D) Prevention of Money Laundering Act 2. Which of the following is the cardinal rule for bankers in anti-money laundering efforts -, A. Amazon.in - Buy Anti-Money Laundering & Know Your Customer book online at best prices in India on Amazon.in. ACAMS is the largest membership organization dedicated to enhancing the knowledge and skills of financial crime detection and prevention professionals worldwide. 12. Certification-questions.com expert team recommend you to prepare some notes on these topics along with it don't forget to practice Certified Anti-Money Laundering Specialist CAMS Dumps which been written by our expert team, Both these will help you a lot to clear this exam with good marks.. THE PREVENTION OF MONEY-LAUNDERING ACT, 2002 (15 of 2003) [17th January, 2003] An Act to prevent money-laundering and to provide for confiscation of property derived from, or Frequent deposits of large sums of money bearing labels of other banks into the account, C. Request for closure of newly opened accounts where high value transactions are routed through D. All of the above, 37. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. Opening of account at a place other than the place of work, B. ____, A. Rs.50,000/- & above B. Rs.75,000/- & above, C. Rs.1,00,000/- & above D. Rs.1,50,000/- & above, 26. accountant certificate salary. New York 3. Tally C. Bank Alert D. Bank Call. 11. KYC AML Mcq: 1.The amount beyond which cash transactions (Receipts & Payments) are to be monitored by the Commercial Banks as stipulated by the RBI in its guidelines is - A.Rs.5 lacs & above B. Rs.8 lacs & above C. Rs.10 lacs & above D. No such limit 2. Conversion of assets to invest in Laundromats, B. Which of the following transactions is/are not consistent with a salaried customer’s account? 5 years B. KYC is an acronym for “Know your Customer”, a term used for customer identification process. Deposit of cheques issued by foreign companies, C. High value transactions routed through the account with high frequency, 12. READ MACMILLIAN ULTIMATE BOOK FOR EXAMS All the best .. However, some sectors face a greater risk of coming across crime proceeds or terrorist property than others, e.g. KYC ::: 1. Role of the concurrent auditors / Internal auditors with KYC is to -, A. accountants, estate agents, precious metals and precious stones dealers … Strict adherence to KYC norms is achieved through -, A. following the statutory authority guidelines, B. identification of customers with appropriate documents, C. strict Implementation of the Banks Systems and procedures while opening the accounts, 10.Name the software available in the market for KYC implementation -, A. collected from various sources which we believe to be reliable. 'Small account' means a saving account in a banking company as per KYC policy is. Unusual activities in respect of an customers account is/are -, A. Banking Codes and Standards Board of India (BCSBI):: BCSBI recollected question and Exam Tips: INTRODUCTION OF CERTIFICATE EXAMINATIONS ON EVERY ... New CAIIB BFM 2020 ,JAIIB, &IIBF PDFs, recollected questions . Introduction from the third person having an account with the bank /branch, B. No C. Has applied for inclusion D. Is likely to be made a member. Choose your answers to the questions and click 'Next' to see the next set of questions. Cash cannot be accepted for issue of DDs/TTs/Rupee TCs from the customers for Rs. How many recommendations were made by FATF on anti money laundering -, A. Compliance with "Know Your Customer" guidelines and "Anti-Money Laundering" standards has become necessary for healthy financial relationships both by the banks / financial institutions in India.. The Patriot act does not require , which of the folllowing as a part of an appropriate AML program ? While opening an account in case of partnership firm, one of the vital document to be produced by the firm is -, A. 1. Declaration of the Karta of the family, 49. 1.1 Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT)/Obligations of banks under PMLA, 2002. Know the Customer of the other Banks. However,we do not hold ourselves responsible for any short comings or error therein. as permitted under the law, the any, person or entity connected with a financial transaction which can pose significant, reputational or other risks to the bank, say, a wire transfer or issue of a high value. Ch. Incoterms cover A. trade in intangibles B. ownership and transfer rights ... Jaiib  Legal  Recollected : 2018 May Lc se question tha Lok adalat Ni Indemnity Gurantee Collecting banker Awards under banking ombundsman 5... CAIIB BFM 2020:(Special PDF) https://drive.google.com/file/d/19pnB796bPb7FnIPndbvGbNq3CHRHqmJy/view?usp=sharing CAIIB ABM 300 case studies... All IIBF Certifications PDFs in single link Read corresponding  IIBF book 1st Macmillan / Taxmann. 1. However, we do not hold ourselves responsible for any short comings or error, https://www.facebook.com/groups/543054539662893/, https://www.irdai.gov.in/Defaulthome.aspx?page=H1, https://www.incometaxindia.gov.in/Pages/default.aspx, https://www.facebook.com/groups/iibfcertifications, Certified Accounting & Audit Professional. Pg: 142. The amount beyond which cash transactions (Receipts & Payments) are to be monitored by the Commercial Banks as stipulated by the RBI in, A. Rs.5 lacs & above B. Rs.8 lacs & above C. Rs.10 lacs & above D. No such lim, The contents in this blog are based on Information. For the purpose of KYC policy, a 'Customer' is defined as : (A) A person or entity that maintains an account and/or has a business relationship. A One-time project B. IIBF Mock Test 2020 (Jaiib / Caiib) 100% Free Model Exam Quiz PDF - Login to Practice Online MCQ Questions with Answers. 2. Visit the ACAMS website at www.acams.org. 7 years C. 10 years D. 15 years, A. opening and verifying of account by one person two times, B. opening and verifying of account by electronic device/s, C. opening and verifying of account by two different persons, 31. Which one of the, A. Ltd. Company (B) Public Ltd. Company, (C) Both (A) or (B) (D) Only for Service Sector Enterprises, (A) New Delhi (B) Mumbai (C) Nagpur (D) Kolkata, 19. Paris 4. 9 years C. 10 years D. 12 years, A. large number of cash deposits into same account, C. low value denominations of cash D. None of the above, 7. New All IIBF Certifications PDFs in single link 2020-2021, All IIBF Certifications PDFs in single link, Caiib single link for all recollected questions. 5. Free delivery on qualified orders. 44.What is the level of risk of Money Laundering in a Liability product (e.g., deposits)? elements for money laundering or terrorist financing activities. DICGC EXIM Bank FDIC SEBI Ans- sebi FATF is located at 1. Which of the following transactions is/are suspicious from AML angle -. Download IIBF study material for JAIIB and CAIIB exams in PDF … 1. Letter of thanks is sent to introducer/s because it is -, B. a routine practice followed by banks for years, D. assisting banks in verification of genuineness or otherwise of the address, 19. The contents in this blog are based on Information collected from various sources which we believe to be reliable. Try Vskills test on AML KYC with MCQ on AML awareness, Bank Internal Controls, ... oracle 12c tutorial pdf. Detailed verification is not needed but the account is opened immediately and informed to the customer, C. Fresh details are to be obtained and a fresh customer profile is to be prepared, D. No transaction is to be permitted for the first six months till the customer is fully know to the bank, 14.One of the sources that is available to identify the correctness of the information given by the New Customer of the Commercial Bank is -, A.Introduction given by the existing customer of the Bank, C. By providing information by the agencies like CRISIL. FCRA means - Foreign Contribution Regulation Acta, 5. However, we do not hold ourselves responsible for any short comings or error, https://www.facebook.com/groups/543054539662893/, https://www.irdai.gov.in/Defaulthome.aspx?page=H1, https://www.incometaxindia.gov.in/Pages/default.aspx, https://www.facebook.com/groups/iibfcertifications, Certified Accounting & Audit Professional. A. While opening an account in the name of a company, the following document/s is/are to be obtained -, B. The Suspicious Transaction Report (STR) should be furnished within ............ days of, arriving at a conclusion that any transaction, whether cash or non-cash, or a series of, transactions integrally connected are of suspicious nature, 27. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. RBI has issued KYC guidelines based on the Recommendations of the .........and the. All cash transactions, where forged or counterfeit Indian currency notes have been, used as genuine should be reported by the Principal Officer to FIU–IND in the, specified format not later than ....... working days from the date of occurrence of such, transactions (Counterfeit Currency Report – CCR), 26. IIBF AML KYC Mock Test Series 2020: Practice free online IIBF AML (Anti Money Laundering) and KYC (Know Your Customer) model exam question paper with answers and solutions. As per KYC Policy NPOs/NGOs promoted by United Nations or its agencies may be. 34.Which of the following transactions is/are suspicious from AML angle -, C. Frequent deposits of cash into the account by persons other than the account holder or his authorized representative, 35. As per KYC Policy, Banks should introduce a system of maintaining proper record of, (A) Rule 1 of PML Rules 2002 (B) Rule 3 of PML Rules 2002, (C) Rule 1 of PML Rules 2005 (D) Rule 3 of PML Rules 2005, 15. Anti-Money Laundering (AML) Chapter Exam Instructions. The objective of KYC/AML/CFT guidelines is to prevent banks from being used, intentionally or unintentionally, by criminal elements for money laundering or terrorist financing activities. In case of any violations in this blog, kindly intimate to us. The contents in this blog are based on Information collected from various sources which we believe to be reliable. We will rectify it immediately. Conversion of money which is illegally obtained to make them legitimate, C. Conversion of cash into gold to make them legitimate, D. Conversion of assets into cash to make them legitimate, 21. EXPORT - IMPORT FINANCE MCQs Multiple Choice Questions. (B) one on whose behalf the account is maintained (i.e. Objective of IIBF AML - KYC Exam. On Saturday 02/03/2018 morning, I sat for the Certified Anti Money Laundering Specialist (CAMS) certification exam. Generally High B. This can be achieved by introducing ......... for each. what influences learning bandura. Appointment of compliance officer Written polices and procedures Independent review of the program Mandatory drug screening Money laundering is the process by which the proceeds of illegal activity are introduced into legitimate mainstream of financial commerce. 33. (A) the aggregate of all credits in a financial year does not exceed rupees one lakh ; (B) the aggregate of all withdrawals and transfers in a month does not exceed rupees, (C) the balance at any point of time does not exceed rupees fifty thousand, (A) Finance International Unit – India (B) Finance India Unit – India, (C) Financial Intelligent Unit – India (D) Combating Financial Terrorism, (A) Financial International Unit – India (B) Financial India Unit – India, (C) Financial Intelligent Unit – India (D) Financial Intelligence Unit – India, 9. collected from various sources which we believe to be reliable. A. This Code of Conduct is a statement of Morgan Stanley’s commitment to integrity and the highest ethical standards. While opening an account in case of partnership firm, one of the vital document to be produced by the firm is -, C. Registration certificate of Partnership D. Signatures of the partners, 25. (A) Financial Action Task Force, PMLA, Narsimham Committee, (B) Financial Action Task Force, PMLA, Basel Committee, (C) FIU–IND, Customer Due Diligence (CDD), Basel Committee, (D) Financial Action Task Force, Customer Due Diligence (CDD), Basel Committee, The contents in this blog are based on Information. Bank should ensure that any remittance of funds by way of demand draft, mail/telegraphic transfer or any other mode and issue of travellers' cheques for value, of Rupees _______ and above is effected by debit to the customer's account or. All office accounts Inter Office accounts, accounts of scheduled commercial banks, 20. Anti Money Laundering measures were originally introduced by? The Code defines the standards of conduct that we expect from all of our employees and guides us to make the right decisions when performing our jobs. The file will open in Google Doc. Positive confirmation (obtaining KYC related updates through e-mail/letter/telephonic, conversation/forms/interviews/visits, etc.) 4. Roles and responsibilities of the Company, C. Memorandum and Articles of Association of the Company, D. Instructions of the Registrar of the Compan, 22. These all materials are ext... FOREIGN EXCHANGE MANAGEMENT Multiple Choice Questions. Politically exposed persons (PEP) are .............individuals who are or have been, entrusted with prominent public functions in a ............ country, (A) Foreign, India (B) Indian, Foreign (C) Indian, Indian (D) Foreign, Foreign, 24. Determine the risks to individuals or institutions for violation of AML laws. Know Your Customer (KYC) Norms and Anti Money Laundering (AML) 1. Know your customer (KYC) is a bank regulation that financial institutions and other regulated companies must perform to identify their clients and ascertain relevant info. Review of compliance of KYC guidelines, B. EXPORT - IMPORT FINANCE MCQs Multiple Choice Questions. Frequently Asked Questions on KYC Norms and Anti Money Laundering Introduction. The name of the software which is using by banks for analyzing the KYC details at, (A) Anlock (B) Kyclock (C) Amlock (D) Aclock, 28. Full KYC exercise will be required to be done at least every ....... years for high risk, ........... years for medium risk and ............... years for low risk individuals and entities, (A) 3, 5, 7 (B) 2, 8, 10 (C) 3, 5, 10 (D) 3, 5, 8, 11. For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following document/s is/are important -, A. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. Large volume of credits happen through DDs/TTs/BC etC., B. 1. AML/KYC AML/KYC Sample Questions 395 K B Digital Banking. 7 years B. 1.The amount beyond which cash transactions (Receipts & Payments) are to be monitored by the Commercial Banks as stipulated by the RBI in, A.Rs.5 lacs & above B. Rs.8 lacs & above C. Rs.10 lacs & above D. No such limit. Meaning: It does not matter how slow you go as long as you don't stop... New CAIIB,JAIIB & IIBF PDFs and recollected questions . To provide a comprehensive coverage of the various guidelines / standards / guidance notes issued by RBI / IBA / International bodies etc. In case of any violations in this blog, kindly intimate to us. Maximum retention period of the bank records in case of suspicious transactions is -, A. To comply with the changing KYC and AML requirements, organisations need a KYC solution that adequately follows all steps of KYC compliance. Anti-money laundering and counter-terrorist inancing is everyone’s responsibility. Incoterms cover A. trade in intangibles B. ownership and transfer rights ... Jaiib  Legal  Recollected : 2018 May Lc se question tha Lok adalat Ni Indemnity Gurantee Collecting banker Awards under banking ombundsman 5... CAIIB BFM 2020:(Special PDF) https://drive.google.com/file/d/19pnB796bPb7FnIPndbvGbNq3CHRHqmJy/view?usp=sharing CAIIB ABM 300 case studies... All IIBF Certifications PDFs in single link Read corresponding  IIBF book 1st Macmillan / Taxmann. A. Trusts, Charities NGOs and organizations receiving donations from India and abroad, are categorized as __________ Risk Customers, (A) Low (B) Medium (C) High (D) Either a or b or c, depend on turnover, 16. Serve with Smile while opening the customer accounts, C. Assist the customer in filling-up the account opening forms. All content in this site are free to use and distribute unless untill specifically specified.All the contents here are obtained from outside sources and other reliable sources like RBI notifications.User are at their own risk of using the information. KYC procedures also enable banks/FIs to know/understand their customers and their financial dealings better and manage their risks prudently. Declaration of all family members B. Try this amazing Cam AML/Cft Training Quiz quiz which has been attempted 2458 times by avid quiz takers. The objective of verifying the employee life-styles by the employer is -, B. to ascertain whether the employee is having any contacts with illegal organisations, C. to ascertain whether the employee is assisting organisations banned by statutory authorities D. All of these, 8. Is adopting Anti Money Laundering practices compulsory for Banks in India? the beneficial owner). Yes B. customer. 7 years B.9 years C. 10 years D. 12 years, 29. Detailed verification of Customer Profile as received from the earlier branch is to be done with caution, B. 1: Risks and Methods of Money Laundering and Terrorist Financing. 15. will be required to be completed at least every. Anti Money Laundering - 327671 Practice Tests 2019, Anti Money Laundering technical Practice questions, Anti Money Laundering tutorials practice questions and explanations. IIBF certifications/JAIIB/CAIIB /NISM/MOODY’S/NIBM /NCFM, Pls ans 7 ,14 I feel it’s incorrect and ans 10,20,28Same not mentioned. Ans12: KYC is an acronym for “Know your Customer” a term used for Customer identification process. Under KYC/AML policy what are the various reports that are required to be submitted, (A) CTR and STR (B) CTR and CCR (C) STR Only (D) CTR, STR, CCR, 17. We offer real-time KYC services … Deposit of several small values of cheques, C. Frequent deposits of cash into the account by persons other than the account holder or his authorised representative, 13. IIBF certifications/JAIIB/CAIIB /NISM/MOODY’S/NIBM /NCFM. For effective implementation of “Know Your Employee”, measures to be adopted by the banks are -, A. Verification of the life-styles of the employees, B. against cheques and not against cash payment. Which of the following is a source of identification of new customer who is not having any valid documents such as, passport, etC. Bank Master B. 1. Question Papers Free Download PDF ... IIBF Mock Test Paper 2019: (JAIIB/CAIIB) Model Exam MCQ ... AML KYC Mock Test 2020 IIBF Model Exam Question Paper 2020. The......... will help banks to identify customers, track the facilities availed, monitor financial transactions in a holistic manner and enable banks to have a better, 23. The branches of commercial banks should report suspicious transactions to -, A. Bank’s respective authority B. RBI C. Ministry of Finance D. None of the above, 27. The Cash Transaction Report (CTR) for each month should be submitted to FIU–IND, 25. Roles and responsibilities of the Company, D. Instructions of the Registrar of the Company, 47.Due diligence is done at the time of opening an account to enable banks to ensure -, A. identification of the customer at the time of opening an account, B. correctness of the various denominations of notes given by the customer while opening an account, C. authenticity of the signatures of the customer at the time of opening an account, D. speeding up the process of account opening of the new customers, 48. We are specializes in training investors and providing high quality training to investors and traders across the country.Our vision is to be the most sought after learning provider in the areas of finance and leadership learning.” Effectiveness of the implementation of the KYC, C. Verification of newly opened accounts and their transactions, 9. A. Which of the following is the cardinal rule for bankers in anti-money laundering efforts - A. Remember always "Success is not a destination,it's a Journey". This blog is for purely study related all are free study materials and sharing knowledge only. ...... years for medium risk and at least every..... years for low risk individuals and entities. Its CAMS certification is the most widely recognized anti-money laundering certification among compliance professionals. Shufti Pro is a one-stop solution for enterprises to cater to your KYC practices. No C. Not Sure D. Will be made compulsory soon, 18. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. a profile for each new customer based on constitution. The objective of KYC/AML/CFT guidelines is (A) to prevent banks from being used, intentionally or unintentionally, by criminal Money Laundering means - a) Conversion of assets to invest in Laundromats b) Conversion of money which is illegally obtained to make them legitimate c) Conversion of cash into gold to make them legitimate d) Conversion of assets into cash to make them legitimate 2. A. As per KYC Policy, Risk Categorization of Customers should be carried out at, periodicity of not less than once is _____, (A) 6 months (B) 1 year (C) 2 years (D) 5 years, 13. Mumbai 2. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. Read Anti-Money Laundering & Know Your Customer book reviews & author details and more at Amazon.in. For copying/printing these files, just click on the link or pdf image. Sr Particulars N o 1. paper issued on ..... for NBFCs by the .......... on Banking Supervision. Know Your Customer & Know Your Employee B. (A) 20,000 (B) 25,000 (C) 50,000 (D) 1,00,000. Banking Codes and Standards Board of India (BCSBI):: BCSBI recollected question and Exam Tips: INTRODUCTION OF CERTIFICATE EXAMINATIONS ON EVERY ... New CAIIB BFM 2020 ,JAIIB, &IIBF PDFs, recollected questions . All content in this site are free to use and distribute unless untill specifically specified.All the contents here are obtained from outside sources and other reliable sources like RBI notifications.User are at their own risk of using the information. Why AML-KYC Certification? (C) beneficiaries of transactions conducted by professional intermediaries, such as Stock, Brokers, Chartered Accountants, Solicitors etc. Submission of details of PAN (Permanent Account Number) is compulsory for Fixed Deposits, Remittances, such as, DDs / TTs/ Rupee TCs, A. Rs.10,000/- B. Rs.25,000/- C. Rs.50,000/- D. No such limit, 3. 41.Which of the following is a source of identification of new customer who is not having any valid documents such as, passport, etC. C. Know the income of the Customers of your Bank. Money laundering has become a pertinent problem worldwide threatening the stability of various regions by actively supporting and strengthening terrorist networks and criminal organizations. This blog is for purely study related all are free study materials and sharing knowledge only. Which one of the, 36. KYC is an acronym for “Know your Customer”, a term used for customer identification process. KYC is an acronym for “Know your Customer” a term used for Customer identification process. seniorific comics. 17. To counter money laundering in India, Government of India has come up with: (A) Banking Regulation Act (B) Reserve Bank of India Act, (C) Prevention of Corruption Act (D) Prevention of Money Laundering Act, 2. Remember always "Success is not a destination,it's a Journey". As per KYC Policy, Shell banks are permitted to operate in India, if, (B) Provides full KYC as well as confirmation from another Bank, (C) Permitted only as Co-operative bank (D) Not permitted to operate in India, 14. Frequent deposits of cash in large sums by third parties, B. These all materials are ext... FOREIGN EXCHANGE MANAGEMENT Multiple Choice Questions. 65 recommendations B. NIL C. 40 recommendations D. Yet to be finalised, 23. The implementation of KYC in banks primarily addresses which one of the MCQ ON AML-KYC. In case of HUF accounts, prescribed HUF letter is signed by, (A) Karta only (B) All adult Coparceners including Karta, (C) All adult Coparceners including minor (if any), (D) Only declaration has to be obtained from Karta, no need of HUF letter, 21. READ MACMILLIAN ULTIMATE BOOK FOR EXAMS All the best .. Know Your Customer & Know Your Employee, C. Know the income of the Customers of your Bank, D. Know the Assets Position of the customers of the Bank, A. We will rectify it immediately. (B) KYC procedures also enable banks to know/understand their customers and their, financial dealings better which in turn help them manage their risks prudently, (C) Either (A) or (B) (D) Both (A) and (B). However,we do not hold ourselves responsible for any short comings or error therein. It also allows firms to minimize the adverse impact of anti-money laundering procedures on their low-risk customers. Declaration of the Karta of the family, C. Declaration of all guardians on behalf of minors, D. Declaration can be exempted as per Hindu Succession Act, 24. Partners MOU B. 1. Yes B. 10. The increasing complexity and volume of financial transactions necessitate that, customers do not have multiple identities within a bank, across the bank system and, across the financial system. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding  IIBF books .. Macmillan / Taxmann. Which of the following transactions is/are not consistent with a salaried customer’s account? “Financial Street is a well recognized name in the financial market education. Proper Job-rotation in work environment, C. Not allowing frequent cheque purchase to the employees by the employer, 39.Indicator/s about the suspicious transactions of a customer accounts is/are -, A. Depositing high value third party cheques endorsed in favour the account holder, C. Receipt or payment of large sums of cash, which have no obvious purpose, 40.Which of the following document/s that can be accepted by the Banks as a proof of Customer Identification -, C. Income/Wealth Tax Assessment Order D. All of the above. 3. For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following document/s is/are important -, B. Click on the Down Arrow to download the file. Meaning: It does not matter how slow you go as long as you don't stop... New CAIIB,JAIIB & IIBF PDFs and recollected questions . Question 6 Which of the following is a type of structuring that is done at … What is KYC? Anti-money laundering initiatives around the world have led to collaborative efforts between law enforcement, regulatory bodies, trade associations and private businesses. KYC policies incorporating the following key elements : (A) Customer Acceptance Policy ; Customer Identification Procedures ; (B) Monitoring of Transactions ; Risk Management, 6. Identify customers as per the existing instructions, B. New All IIBF Certifications PDFs in single link 2020-2021, All IIBF Certifications PDFs in single link, Caiib single link for all recollected questions. Introduction given the Safe deposit locker holder of the bank, C. Self–declaration given by the new customer along with other opening forms, A. Role of the concurrent auditors / Internal auditors with KYC is to -, 32. IIBF Mock Test Login 2020: Practice free online IIBF model exam papers with solved quiz questions with answers. A. Also explore over 8 similar quizzes in this category. Medium C. Generally Low D. Cannot say, 45.Letter of thanks is sent to introducer/s because it is -, A. laid down in the banks’ manual B. a routine practice followed by banks for years, 46.While opening an account in the name of a company, the following document/s is/are to be obtained - A. Organisation Chart of the, company B. Japan Ans- Paris Under KYC norms Banks should prepare : a profile for each new customer based on risk categorisation. To be carried out every 5 years, C. To be carried out every 2 years D. An ongoing process. Certificate of commencement of Business is required in case of, (A) Pvt. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding  IIBF books .. Macmillan / Taxmann. Fresh photographs will be required to be obtained from minor customer on becoming, (C) On becoming major (D) No such instructions as per KYC rules, 22. Role of the front line employees of a bank in respect of KYC guidelines is to -, A. Branches should not open deposit/advances accounts of banned/ terrorist organisations as circulated by -, 4. Partnership Deed C. Registration certificate of Partnership, 50. One branch to another, the receiving branch is to -, a Bank Internal Controls...... Type of structuring that is done at … anti-money Laundering ( AML ) Chapter exam.... Yet to be done with caution, B of risk of Money Laundering Introduction KYC MCQ. 2458 times by avid quiz takers various guidelines / standards / guidance notes issued by FOREIGN,. Of newly opened accounts and their transactions, 9 associations and private businesses Chapter exam Instructions your... Guidelines is, ( a ) to prevent Banks from being used, or! Income of the Family, 49 6 which of the concurrent auditors / Internal auditors KYC! Is required in case of Joint Hindu Undivided Family ( JHUF ), the following document/s important! We offer real-time KYC services … which of the customers of your Bank for... Promoted by United Nations or its agencies may be a Journey '' D. ongoing. Aml ) Chapter exam Instructions error therein and criminal organizations following document/s is/are important,... Properly IIBF... all IIBF certification PDFs in single link 2020-2021 read corresponding IIBF..! Assets to invest in Laundromats, B bodies etc. enable banks/FIs to know/understand their customers their. Third parties, B following document/s is/are important -, a imprisonment for the offence committed under Money Introduction. 327671 Practice Tests 2019, Anti Money Laundering in a Liability product ( e.g., deposits?. Your Bank the Karta of the following document/s is/are to be reliable Buy anti-money Laundering ( AML ) exam. Question 6 which of the various guidelines / aml kyc mcq pdf / guidance notes by! Dedicated to enhancing the knowledge and skills of financial crime detection and prevention professionals worldwide,.... Through the account opening forms Chapter exam Instructions is likely to be reliable achieved. Money Laundering tutorials aml kyc mcq pdf questions and explanations not consistent with a salaried Customer ’ s account month should submitted... Sebi FATF is located at 1 as a part of an customers account is/are,! Is a type of structuring that aml kyc mcq pdf done at … anti-money Laundering & your. 40 recommendations D. Yet to be carried out every 5 years, 29 a greater risk of Money in. Quiz questions with answers Business is required in case of any violations in this category EXAMS the. Guidelines is, ( a ) Pvt greater risk of Money Laundering -, a /NCFM, Pls ans,14... The account with High frequency, 12 pertinent problem worldwide threatening the stability of various by! 395 K B Digital Banking C. not Sure D. Will be made a member at... Document/S is/are to be carried out every 2 years D. an ongoing process not a destination, it 's Journey! Book online at best prices in India one branch to another, the following transactions not! By FOREIGN companies, C. Verification of Customer profile as received from earlier... From various sources which we believe to be carried out every 2 years D. 12 years, High! One branch to another, the following is the level of risk of Laundering... Volume of credits happen through DDs/TTs/BC etC., B B ) 25,000 ( ). Shufti Pro is a one-stop solution for enterprises to cater to your KYC practices,... Highest ethical standards Undivided Family ( JHUF ), the following document/s is/are to be -. Others, e.g... all IIBF certification PDFs in single link 2020-2021 read corresponding IIBF books Macmillan... 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