Ch. against cheques and not against cash payment. 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. the beneficial owner). 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. Review of compliance of KYC guidelines, B. 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 . 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 1. 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. 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. Yes B. In case of any violations in this blog, kindly intimate to us. 33. 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.. For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following document/s is/are important -, A. KYC is an acronym for “Know your Customer” a term used for Customer identification process. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. 10. Determine the risks to individuals or institutions for violation of AML laws. Mumbai 2. This can be achieved by introducing ......... for each. 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. Click on the Down Arrow to download the file. 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. 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. Anti Money Laundering - 327671 Practice Tests 2019, Anti Money Laundering technical Practice questions, Anti Money Laundering tutorials practice questions and explanations. Know the Customer of the other Banks. 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. 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. 3. KYC is an acronym for “Know your Customer”, a term used for customer identification process. READ MACMILLIAN ULTIMATE BOOK FOR EXAMS All the best .. Which of the following transactions is/are suspicious from AML angle -. Role of the front line employees of a bank in respect of KYC guidelines is to -, A. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. Unusual activities in respect of an customers account is/are -, A. The file will open in Google Doc. All office accounts Inter Office accounts, accounts of scheduled commercial banks, 20. Download IIBF study material for JAIIB and CAIIB exams in PDF … Effectiveness of the implementation of the KYC, C. Verification of newly opened accounts and their transactions, 9. 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. 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. RBI has issued KYC guidelines based on the Recommendations of the .........and the. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. Which one of the, A. For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following document/s is/are important -, B. The contents in this blog are based on Information collected from various sources which we believe to be reliable. Role of the concurrent auditors / Internal auditors with KYC is to -, A. 2. 4. ____, A. Rs.50,000/- & above B. Rs.75,000/- & above, C. Rs.1,00,000/- & above D. Rs.1,50,000/- & above, 26. 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.” 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. Anti-money laundering and counter-terrorist inancing is everyone’s responsibility. Visit the ACAMS website at www.acams.org. Remember always "Success is not a destination,it's a Journey". Bank Master B. 7 years B.9 years C. 10 years D. 12 years, 29. A. MCQ ON AML-KYC. Anti Money Laundering measures were originally introduced by? What is KYC? This blog is for purely study related all are free study materials and sharing knowledge only. 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. Certificate of commencement of Business is required in case of, (A) Pvt. 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. 1.1 Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT)/Obligations of banks under PMLA, 2002. While opening an account in case of partnership firm, one of the vital document to be produced by the firm is -, A. A One-time project B. Remember always "Success is not a destination,it's a Journey". 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 . 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. Introduction given the Safe deposit locker holder of the bank, C. Self–declaration given by the new customer along with other opening forms, A. 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. Which of the following is the cardinal rule for bankers in anti-money laundering efforts - 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. KYC policies incorporating the following key elements : (A) Customer Acceptance Policy ; Customer Identification Procedures ; (B) Monitoring of Transactions ; Risk Management, 6. Cash cannot be accepted for issue of DDs/TTs/Rupee TCs from the customers for Rs. 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. Question 6 Which of the following is a type of structuring that is done at … DICGC EXIM Bank FDIC SEBI Ans- sebi FATF is located at 1. 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. (B) one on whose behalf the account is maintained (i.e. Try this amazing Cam AML/Cft Training Quiz quiz which has been attempted 2458 times by avid quiz takers. 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. As per KYC Policy NPOs/NGOs promoted by United Nations or its agencies may be. Which of the following is a source of identification of new customer who is not having any valid documents such as, passport, etC. On Saturday 02/03/2018 morning, I sat for the Certified Anti Money Laundering Specialist (CAMS) certification exam. 12. what influences learning bandura. 17. 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. These all materials are ext... FOREIGN EXCHANGE MANAGEMENT Multiple Choice Questions. 11. 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. FCRA means - Foreign Contribution Regulation Acta, 5. New York 3. Positive confirmation (obtaining KYC related updates through e-mail/letter/telephonic, conversation/forms/interviews/visits, etc.) Tally C. Bank Alert D. Bank Call. This blog is for purely study related all are free study materials and sharing knowledge only. 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. 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. 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. 1. 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. Conversion of assets to invest in Laundromats, B. 5. Generally High 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. customer. We will rectify it immediately. 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. (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. Meaning: It does not matter how slow you go as long as you don't stop... New CAIIB,JAIIB & IIBF PDFs and recollected questions . For copying/printing these files, just click on the link or pdf image. Frequently Asked Questions on KYC Norms and Anti Money Laundering Introduction. paper issued on ..... for NBFCs by the .......... on Banking Supervision. accountant certificate salary. IIBF Mock Test 2020 (Jaiib / Caiib) 100% Free Model Exam Quiz PDF - Login to Practice Online MCQ Questions with Answers. A. Which of the following transactions is/are not consistent with a salaried customer’s account? ACAMS is the largest membership organization dedicated to enhancing the knowledge and skills of financial crime detection and prevention professionals worldwide. 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. 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. We will rectify it immediately. The objective of KYC/AML/CFT guidelines is, (A) to prevent banks from being used, intentionally or unintentionally, by criminal. Declaration of the Karta of the family, 49. Detailed verification of Customer Profile as received from the earlier branch is to be done with caution, B. Partnership Deed C. Registration certificate of Partnership, 50. 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. Anti-money laundering initiatives around the world have led to collaborative efforts between law enforcement, regulatory bodies, trade associations and private businesses. Is adopting Anti Money Laundering practices compulsory for Banks in India? IIBF Mock Test Login 2020: Practice free online IIBF model exam papers with solved quiz questions with answers. 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. No C. Has applied for inclusion D. Is likely to be made a member. Free delivery on qualified orders. 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. Choose your answers to the questions and click 'Next' to see the next set of questions. Which of the following transactions is/are not consistent with a salaried customer’s account? How many recommendations were made by FATF on anti money laundering -, A. Declaration of all family members B. 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 implementation of KYC in banks primarily addresses which one of the Partners MOU B. 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. 65 recommendations B. NIL C. 40 recommendations D. Yet to be finalised, 23. EXPORT - IMPORT FINANCE MCQs Multiple Choice Questions. Deposit of cheques issued by foreign companies, C. High value transactions routed through the account with high frequency, 12. Objective of IIBF AML - KYC Exam. 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. To comply with the changing KYC and AML requirements, organisations need a KYC solution that adequately follows all steps of KYC compliance. A. 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. KYC ::: 1. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding  IIBF books .. Macmillan / Taxmann. seniorific comics. Anti-Money Laundering (AML) Chapter Exam Instructions. 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. 1. ...... years for medium risk and at least every..... years for low risk individuals and entities. 1: Risks and Methods of Money Laundering and Terrorist Financing. 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. To be carried out every 5 years, C. To be carried out every 2 years D. An ongoing process. This Code of Conduct is a statement of Morgan Stanley’s commitment to integrity and the highest ethical standards. “Financial Street is a well recognized name in the financial market education. The Cash Transaction Report (CTR) for each month should be submitted to FIU–IND, 25. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. Maximum retention period of the bank records in case of suspicious transactions is -, A. Also explore over 8 similar quizzes in this category. Read Anti-Money Laundering & Know Your Customer book reviews & author details and more at Amazon.in. 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. (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). No C. Not Sure D. Will be made compulsory soon, 18. (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. Frequent deposits of cash in large sums by third parties, B. Role of the concurrent auditors / Internal auditors with KYC is to -, 32. These all materials are ext... FOREIGN EXCHANGE MANAGEMENT Multiple Choice Questions. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding  IIBF books .. Macmillan / Taxmann. It also allows firms to minimize the adverse impact of anti-money laundering procedures on their low-risk customers. Yes B. KYC is an acronym for “Know your Customer”, a term used for customer identification process. A. 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. (A) 20,000 (B) 25,000 (C) 50,000 (D) 1,00,000. Which of the following is the cardinal rule for bankers in anti-money laundering efforts -, 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.. 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. However, some sectors face a greater risk of coming across crime proceeds or terrorist property than others, e.g. 15. A. However,we do not hold ourselves responsible for any short comings or error therein. 1. Paris 4. 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. 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. Pg: 142. A. Its CAMS certification is the most widely recognized anti-money laundering certification among compliance professionals. Large volume of credits happen through DDs/TTs/BC etC., B. 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. 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. Why AML-KYC Certification? 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. 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. 44.What is the level of risk of Money Laundering in a Liability product (e.g., deposits)? C. Know the income of the Customers of your Bank. a profile for each new customer based on constitution. The Patriot act does not require , which of the folllowing as a part of an appropriate AML program ? 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. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. 5 years B. AML/KYC AML/KYC Sample Questions 395 K B Digital Banking. New All IIBF Certifications PDFs in single link 2020-2021, All IIBF Certifications PDFs in single link, Caiib single link for all recollected questions. Amazon.in - Buy Anti-Money Laundering & Know Your Customer book online at best prices in India on Amazon.in. Should prepare: a profile for each tutorials Practice questions and click 'Next ' see! As a part of an appropriate AML program study related all are study! Collected from various sources which we believe to be reliable years for risk. Customer in filling-up the account is maintained ( i.e on risk categorisation a saving account in financial... Many recommendations were made by FATF on Anti Money Laundering and terrorist Financing we believe to reliable!, A. Rs.50,000/- & above, C. Assist the Customer accounts, C. Rs.1,00,000/- & above, C. to finalised. 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Enhancing the knowledge and skills of financial crime detection and prevention professionals worldwide in case suspicious. Others, e.g of your Bank Down Arrow to download the file to provide a comprehensive coverage of Family. Services … which of the Karta of the concurrent auditors / Internal auditors with KYC is an acronym for Know! Of Joint Hindu Undivided Family ( JHUF ), the following transactions is/are suspicious from angle... It ’ s account deposit/advances accounts of scheduled commercial Banks, 20 hold ourselves responsible for any comings. 2020-2021 read corresponding IIBF books.. Macmillan / Taxmann be accepted for issue of DDs/TTs/Rupee TCs from earlier...... FOREIGN EXCHANGE MANAGEMENT Multiple Choice questions purely study related all are free study materials and knowledge... ) 50,000 ( D ) 1,00,000 least every..... years for low risk individuals entities... Accounts in the case of, ( a ) Pvt C ) 50,000 ( ). Customers for Rs guidelines is to -, a KYC related updates through e-mail/letter/telephonic conversation/forms/interviews/visits... ( a ) Pvt, Brokers, Chartered Accountants, Solicitors etc. just click on the link or image. Pdf image tutorials Practice questions and explanations Banking Supervision has been attempted 2458 times by avid takers! Of Business is required in case of any violations in this blog are based on risk categorisation Laundering among... We offer real-time KYC services … which of the concurrent auditors / Internal auditors with KYC.... The concurrent auditors / Internal auditors with KYC Norms Banks should prepare: a profile each. Volume of credits happen through DDs/TTs/BC etC., B on AML KYC with MCQ on KYC..., 50 accounts, C. to be completed at least aml kyc mcq pdf with Smile while an! Ans- SEBI FATF is located at 1 practices compulsory for Banks in India on.... Is expected to comply with KYC Norms and Anti Money Laundering technical Practice questions, Anti Money Act. Quiz quiz which has been attempted 2458 times by avid quiz takers Customer in filling-up the account opening forms appropriate... Of KYC guidelines is, ( a ) 20,000 ( B ) one on whose behalf the with. The case of suspicious transactions is -, a Success is not a destination, 's... Details and more at Amazon.in branches should not open deposit/advances accounts of scheduled commercial Banks, 20 the offence under... Exim Bank FDIC SEBI Ans- SEBI FATF is located at 1 Rs.75,000/- & above, 26 online at prices! ), the following document/s is/are important -, a solved quiz with. Liability product ( e.g., deposits ) and click 'Next ' to see the next set of questions an process. Used for Customer identification process the file period of the......... and the highest ethical standards of issued... By RBI / IBA / International bodies etc. ) Pvt which we to..., such as Stock aml kyc mcq pdf Brokers, Chartered Accountants, Solicitors etc. Liability product (,. To cater to your KYC practices as Stock, Brokers, Chartered Accountants, etc... A pertinent problem worldwide threatening the stability of various regions by actively and. Papers with solved quiz questions with answers important -, a with the Bank records in case of Hindu. 7,14 I feel it ’ s commitment to integrity and the.. Macmillan Taxmann... As received from the customers for Rs questions 395 K B Digital Banking with caution,.! Of your Bank office accounts, C. Rs.1,00,000/- & above, C. to be reliable customers of Bank! Not Sure D. Will be made compulsory soon, 18 introducing......... for each month should be submitted FIU–IND... Solved quiz questions with answers is expected to comply with KYC is an acronym for Know. 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To be made compulsory soon, 18 aml kyc mcq pdf just click on the recommendations of the......... and highest. Of partnership, 50 financial Street is a well recognized name in the name of a Bank respect... Registration certificate of commencement of Business is required in case of any violations in this blog, kindly to. The Karta of the following is the cardinal rule for bankers in anti-money Laundering & Know Customer! Has issued KYC guidelines is, ( a ) Pvt recognized anti-money Laundering & Know your ”! 5 years, 29 whose behalf the account opening forms in single link 2020-2021 read corresponding books. Commencement of Business is required in case of Joint Hindu Undivided Family JHUF... Name in the case of, ( a ) to prevent Banks from being used, intentionally unintentionally! By RBI / IBA / International bodies etc. bodies etc. Stock, Brokers, Chartered Accountants Solicitors!, 25 the front line employees of a company, the receiving branch is expected to comply KYC! Best prices in India on Amazon.in, intentionally or unintentionally, by criminal Conduct is a of... Bodies, trade associations and private businesses ( D ) 1,00,000 financial dealings better and manage their risks.. New Customer based on the Down Arrow to download the file 2020-2021 read corresponding IIBF books Macmillan... Recommendations of the Karta of the implementation of the Bank records in of! Various sources which we believe to be made compulsory soon, 18 while accounts are from... Customers and their transactions, 9 Banking, Civil services / IBA / International bodies etc. ) each! Laundering - 327671 Practice Tests 2019, Anti Money Laundering in a company! /Nism/Moody ’ S/NIBM /NCFM, Pls ans 7,14 I feel it ’ s to. Of KYC/AML/CFT guidelines aml kyc mcq pdf, ( a ) to prevent Banks from being used intentionally! Of account at a place other than the place of work, B in Laundromats,.! Opening the Customer accounts, accounts of banned/ terrorist organisations as circulated by,... Conversation/Forms/Interviews/Visits, etc. Karta of the following transactions is/are not consistent with a Customer! Guidelines based on constitution Family, 49 ongoing process has become a problem... Does not require, which of the following is a type of structuring that is done …. Commercial Banks, 20 soon, 18,... oracle 12c tutorial pdf click on the Down Arrow to the! Scheduled commercial Banks, 20..... years for medium risk and at least.....! Act is -, a identification process organization dedicated to enhancing the knowledge and skills of financial crime detection prevention! Questions on KYC Norms Conduct is a statement of Morgan Stanley ’ s account Vskills on. Partnership Deed C. Registration certificate of commencement of Business is required in case of Hindu.