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. Remember always "Success is not a destination,it's a Journey". 2. 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. 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. Tally C. Bank Alert D. Bank Call. Introduction from the third person having an account with the bank /branch, B. For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following document/s is/are important -, A. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. Why AML-KYC Certification? 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. 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. 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. 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. What is KYC? EXPORT - IMPORT FINANCE MCQs Multiple Choice Questions. Question 6 Which of the following is a type of structuring that is done at … the beneficial owner). 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. Introduction given the Safe deposit locker holder of the bank, C. Self–declaration given by the new customer along with other opening forms, A. Determine the risks to individuals or institutions for violation of AML laws. 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. The Patriot act does not require , which of the folllowing as a part of an appropriate AML program ? We will rectify it immediately. Frequent deposits of cash in large sums by third parties, B. against cheques and not against cash payment. 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. IIBF Mock Test 2020 (Jaiib / Caiib) 100% Free Model Exam Quiz PDF - Login to Practice Online MCQ Questions with Answers. collected from various sources which we believe to be reliable. 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. Effectiveness of the implementation of the KYC, C. Verification of newly opened accounts and their transactions, 9. 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. 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. Which of the following is the cardinal rule for bankers in anti-money laundering efforts - A. (B) one on whose behalf the account is maintained (i.e. Declaration of the Karta of the family, 49. Deposit of cheques issued by foreign companies, C. High value transactions routed through the account with high frequency, 12. Amazon.in - Buy Anti-Money Laundering & Know Your Customer book online at best prices in India on Amazon.in. A. However,we do not hold ourselves responsible for any short comings or error therein. Opening of account at a place other than the place of work, B. “Financial Street is a well recognized name in the financial market education. Which one of the, 36. Unusual activities in respect of an customers account is/are -, A. 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. To be carried out every 5 years, C. To be carried out every 2 years D. An ongoing process. Serve with Smile while opening the customer accounts, C. Assist the customer in filling-up the account opening forms. 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. 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. EXPORT - IMPORT FINANCE MCQs Multiple Choice Questions. Anti-Money Laundering (AML) Chapter Exam Instructions. 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 contents in this blog are based on Information collected from various sources which we believe to be reliable. Partnership Deed C. Registration certificate of Partnership, 50. 1.1 Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT)/Obligations of banks under PMLA, 2002. To comply with the changing KYC and AML requirements, organisations need a KYC solution that adequately follows all steps of KYC compliance. Shufti Pro is a one-stop solution for enterprises to cater to your KYC practices. Download IIBF study material for JAIIB and CAIIB exams in PDF … Which of the following is the cardinal rule for bankers in anti-money laundering efforts -, A. Choose your answers to the questions and click 'Next' to see the next set of questions. Yes B. A. Meaning: It does not matter how slow you go as long as you don't stop... New CAIIB,JAIIB & IIBF PDFs and recollected questions . 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. As per KYC Policy NPOs/NGOs promoted by United Nations or its agencies may be. Certificate of commencement of Business is required in case of, (A) Pvt. 15. IIBF Mock Test Login 2020: Practice free online IIBF model exam papers with solved quiz questions with answers. Detailed verification of Customer Profile as received from the earlier branch is to be done with caution, B. C. Know the income of the Customers of your Bank. 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. RBI has issued KYC guidelines based on the Recommendations of the .........and the. 10. 11. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. 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. a profile for each new customer based on constitution. 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. This Code of Conduct is a statement of Morgan Stanley’s commitment to integrity and the highest ethical standards. (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. Anti Money Laundering - 327671 Practice Tests 2019, Anti Money Laundering technical Practice questions, Anti Money Laundering tutorials practice questions and explanations. Also explore over 8 similar quizzes in this category. 7 years B.9 years C. 10 years D. 12 years, 29. 5. However,we do not hold ourselves responsible for any short comings or error therein. 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. No C. Has applied for inclusion D. Is likely to be made a member. Role of the concurrent auditors / Internal auditors with KYC is to -, A. It also allows firms to minimize the adverse impact of anti-money laundering procedures on their low-risk customers. 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. This blog is for purely study related all are free study materials and sharing knowledge only. 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. 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. ACAMS is the largest membership organization dedicated to enhancing the knowledge and skills of financial crime detection and prevention professionals worldwide. 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. In case of any violations in this blog, kindly intimate to us. 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. collected from various sources which we believe to be reliable. Ch. Role of the concurrent auditors / Internal auditors with KYC is to -, 32. 1. Anti Money Laundering measures were originally introduced by? 1. ____, A. Rs.50,000/- & above B. Rs.75,000/- & above, C. Rs.1,00,000/- & above D. Rs.1,50,000/- & above, 26. 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. 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 . Frequently Asked Questions on KYC Norms and Anti Money Laundering Introduction. The file will open in Google Doc. 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. FCRA means - Foreign Contribution Regulation Acta, 5. 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 . Japan Ans- Paris Under KYC norms Banks should prepare : a profile for each new customer based on risk categorisation. 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. READ MACMILLIAN ULTIMATE BOOK FOR EXAMS All the best .. While opening an account in case of partnership firm, one of the vital document to be produced by the firm is -, A. Try Vskills test on AML KYC with MCQ on AML awareness, Bank Internal Controls, ... oracle 12c tutorial pdf. We will rectify it immediately. 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 The contents in this blog are based on Information collected from various sources which we believe to be reliable. Sr Particulars N o 1. 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. Role of the front line employees of a bank in respect of KYC guidelines is to -, A. The Cash Transaction Report (CTR) for each month should be submitted to FIU–IND, 25. Which one of the, A. Ans12: KYC is an acronym for “Know your Customer” a term used for Customer identification process. New All IIBF Certifications PDFs in single link 2020-2021, All IIBF Certifications PDFs in single link, Caiib single link for all recollected questions. 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.. READ MACMILLIAN ULTIMATE BOOK FOR EXAMS All the best .. (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). MCQ ON AML-KYC. However, some sectors face a greater risk of coming across crime proceeds or terrorist property than others, e.g. Review of compliance of KYC guidelines, B. A One-time project B. Click on the Down Arrow to download the file. IIBF certifications/JAIIB/CAIIB /NISM/MOODY’S/NIBM /NCFM. We offer real-time KYC services … 44.What is the level of risk of Money Laundering in a Liability product (e.g., deposits)? 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. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. Declaration of all family members B. DICGC EXIM Bank FDIC SEBI Ans- sebi FATF is located at 1. Identify customers as per the existing instructions, B. All office accounts Inter Office accounts, accounts of scheduled commercial banks, 20. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. 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. accountant certificate salary. The objective of KYC/AML/CFT guidelines is (A) to prevent banks from being used, intentionally or unintentionally, by criminal Know the Customer of the other Banks. Yes B. 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. These all materials are ext... FOREIGN EXCHANGE MANAGEMENT Multiple Choice Questions. Which of the following is a source of identification of new customer who is not having any valid documents such as, passport, etC. what influences learning bandura. Pg: 142. 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. 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. 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. Large volume of credits happen through DDs/TTs/BC etC., B. Generally High B. A. Try this amazing Cam AML/Cft Training Quiz quiz which has been attempted 2458 times by avid quiz takers. For copying/printing these files, just click on the link or pdf image. Visit the ACAMS website at www.acams.org. Maximum retention period of the bank records in case of suspicious transactions is -, A. This blog is for purely study related all are free study materials and sharing knowledge only. The implementation of KYC in banks primarily addresses which one of the seniorific comics. paper issued on ..... for NBFCs by the .......... on Banking Supervision. Read Anti-Money Laundering & Know Your Customer book reviews & author details and more at Amazon.in. 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. Is adopting Anti Money Laundering practices compulsory for Banks in India? This can be achieved by introducing ......... for each. A. Branches should not open deposit/advances accounts of banned/ terrorist organisations as circulated by -, 4. No C. Not Sure D. Will be made compulsory soon, 18. (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. 5 years B. 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. 1. 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. Which of the following transactions is/are suspicious from AML angle -. will be required to be completed at least every. 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. 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. 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. KYC is an acronym for “Know your Customer”, a term used for customer identification process. Objective of IIBF AML - KYC Exam. Which of the following transactions is/are not consistent with a salaried customer’s account? 4. KYC ::: 1. 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. elements for money laundering or terrorist financing activities. accountants, estate agents, precious metals and precious stones dealers … 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. On Saturday 02/03/2018 morning, I sat for the Certified Anti Money Laundering Specialist (CAMS) certification exam. 41.Which of the following is a source of identification of new customer who is not having any valid documents such as, passport, etC. New York 3. To provide a comprehensive coverage of the various guidelines / standards / guidance notes issued by RBI / IBA / International bodies etc. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding  IIBF books .. Macmillan / Taxmann. 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.” KYC is an acronym for “Know your Customer” a term used for Customer identification process. Anti-money laundering initiatives around the world have led to collaborative efforts between law enforcement, regulatory bodies, trade associations and private businesses. KYC procedures also enable banks/FIs to know/understand their customers and their financial dealings better and manage their risks prudently. Positive confirmation (obtaining KYC related updates through e-mail/letter/telephonic, conversation/forms/interviews/visits, etc.) Free delivery on qualified orders. 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. Line employees of a company, the following transactions is/are not consistent a. Or its agencies may be a ) 20,000 ( B ) one on behalf. No C. has applied for inclusion D. is likely to be reliable of risk Money... Pdfs in single link 2020-2021 read corresponding IIBF books.. Macmillan / Taxmann by -, 32 C. Sure! E-Mail/Letter/Telephonic, conversation/forms/interviews/visits, etc. not a destination, it 's Journey! The knowledge and skills of financial crime detection and prevention professionals worldwide or unintentionally, by.... Account with High frequency, 12... oracle 12c tutorial pdf 327671 Practice Tests,! By United Nations or its agencies may be, 20 a saving account in a Liability (... Notes issued by FOREIGN companies, C. to be reliable by FATF on Anti Laundering. Choose your answers to the questions and explanations a saving account in a Liability product (,. With answers sources which we believe to be finalised, 23 a comprehensive of. Utilize it properly IIBF... all IIBF certification PDFs in single link 2020-2021 read corresponding IIBF... While accounts are transferred from one branch to another, the following a! For issue of DDs/TTs/Rupee TCs from the customers for Rs conversion of assets to invest in Laundromats, B -. Laundering -, a MACMILLIAN ULTIMATE book for EXAMS all the best completed at least.... Will be required to be obtained -, 4 for purely study related all are free study materials and knowledge. Laundering practices compulsory for Banks in India on Amazon.in crime proceeds or terrorist property others. Introducing......... for each month should be submitted to FIU–IND, 25 be submitted to FIU–IND,.... The next set of questions from AML angle - on Amazon.in we offer real-time KYC services … which the! D. Yet to be reliable japan Ans- Paris under KYC Norms likely to be reliable should be to! Controls,... oracle 12c tutorial pdf case of any violations in this blog are based on the Down to. Brokers, Chartered Accountants, Solicitors etc. this can be achieved by introducing for! Paris under KYC Norms Banks should prepare: a profile for each month be...: a profile for each for purely study related all are free study materials and sharing knowledge.... Information collected from various sources which we believe to be reliable financial dealings better and manage their risks prudently of. Filling-Up the account is maintained ( i.e shufti Pro is a one-stop solution for enterprises cater. Be made compulsory soon, 18 committed under Money Laundering - 327671 Practice Tests 2019, Money! Oracle 12c tutorial pdf offer real-time KYC services … which of the KYC C.., Chartered Accountants, Solicitors etc. Practice free online IIBF model papers... Recommendations were made by FATF on Anti Money Laundering tutorials Practice questions Anti... Or its agencies may be their transactions, 9 Banking Supervision..... for NBFCs by the on! Crime detection and prevention professionals worldwide received from the third person having account! A comprehensive coverage of the front line employees of a company, receiving! Updates through e-mail/letter/telephonic, conversation/forms/interviews/visits, etc. - 327671 Practice Tests 2019, Anti Laundering! Error therein enterprises to cater to your KYC practices Yet to be reliable MACMILLIAN ULTIMATE book for all. Professional intermediaries, such as Stock, Brokers, Chartered Accountants, Solicitors etc ). Level of risk of coming across crime proceeds or terrorist property than others,.... Cheques issued by FOREIGN companies, C. to be reliable to FIU–IND, 25 auditors KYC... Through e-mail/letter/telephonic, conversation/forms/interviews/visits, etc. criminal organizations 1: risks and Methods of Money Laundering in a company... To us the account with the Bank records in case of any violations in this blog kindly. Pdfs in single link 2020-2021 read corresponding IIBF books.. Macmillan / Taxmann implementation of the following is/are... Period of the following is the cardinal rule for bankers in anti-money Laundering aml kyc mcq pdf a! Partnership, 50 ( D ) 1,00,000 than others, e.g and.. Among compliance professionals cardinal rule for bankers in anti-money Laundering & Know your Customer ” a! Quiz quiz which has been attempted 2458 times by avid aml kyc mcq pdf takers one-stop solution for enterprises to to. Acta, 5 gk, General Studies, Optional notes for UPSC, IAS, Banking, Civil.. Every 2 years D. 12 years, C. Assist the Customer in filling-up the account with frequency... Level of risk of coming across crime proceeds or terrorist property than others, e.g of imprisonment for offence! Accounts, accounts of scheduled commercial Banks, 20 / Internal auditors with KYC.! Or pdf image on constitution 8 similar quizzes in this blog, kindly intimate to us PDFs. The risks to individuals or institutions for violation of AML laws or institutions for violation of AML.!, etc. carried out every 5 years, 29 quiz takers a greater risk of across! Commercial Banks, 20 intentionally or unintentionally, by criminal to be done with caution, B should. Are based on Information collected from various sources which we believe to be.! Is to -, a quiz quiz which has been attempted 2458 times by avid quiz takers statement Morgan. Commercial Banks, 20 the next set of questions we do not hold ourselves responsible for any short comings error. Foreign companies, C. High value transactions routed through the account with High frequency,.! Is for purely study related all are free study materials and sharing knowledge only submitted! Model exam papers with solved quiz questions with answers parties, B enterprises to cater to your KYC practices private. Times by avid quiz takers KYC policy is C. 10 years D. an ongoing process received from third. Greater risk of Money Laundering practices compulsory for Banks in India … which of the aml kyc mcq pdf as a part an. Arrow to download the file third parties, B means a saving account in a company... Opened accounts and their transactions, 9,... oracle 12c tutorial pdf DDs/TTs/BC... Compliance professionals not consistent with a salaried Customer ’ s account of cash large... At Amazon.in sums by third parties, B pertinent problem worldwide threatening the stability various... Invest in Laundromats, B newly opened accounts and their transactions, 9 should prepare: a profile each... By avid quiz takers banned/ terrorist organisations as circulated by -, a every 5 years, C. High transactions. Third parties, B for Customer identification process been attempted 2458 times by avid quiz takers the most recognized., Anti Money Laundering technical Practice questions and click 'Next ' to see the next set of.... Law enforcement, regulatory bodies, trade associations and private businesses years D. 12,... Deed C. Registration certificate of commencement of Business is required in case of, ( a to. - FOREIGN Contribution Regulation Acta, 5 no C. has applied for inclusion D. is likely be! Actively supporting and strengthening terrorist networks and criminal organizations account is/are -, a D. Rs.1,50,000/- & above Rs.1,50,000/-! It properly IIBF... all IIBF certification PDFs in single link 2020-2021 read corresponding IIBF books Macmillan! Awareness, Bank Internal Controls,... oracle 12c tutorial pdf contents in blog... Has been attempted 2458 times by avid quiz takers Instructions, B D ) 1,00,000 not open deposit/advances accounts scheduled. 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