Declaration of all family members B. We offer real-time KYC services … Unusual activities in respect of an customers account is/are -, A. Free delivery on qualified orders. Meaning: It does not matter how slow you go as long as you don't stop... New CAIIB,JAIIB & IIBF PDFs and recollected questions . Money laundering has become a pertinent problem worldwide threatening the stability of various regions by actively supporting and strengthening terrorist networks and criminal organizations. Its CAMS certification is the most widely recognized anti-money laundering certification among compliance professionals. A One-time project B. Declaration of the Karta of the family, 49. A. a profile for each new customer based on constitution. 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. Generally High B. Certificate of commencement of Business is required in case of, (A) Pvt. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. 1.1 Know Your Customer (KYC) Norms/Anti-Money Laundering (AML) Measures/Combating of Financing of Terrorism (CFT)/Obligations of banks under PMLA, 2002. (C) beneficiaries of transactions conducted by professional intermediaries, such as Stock, Brokers, Chartered Accountants, Solicitors etc. Question 6 Which of the following is a type of structuring that is done at … 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. In case of any violations in this blog, kindly intimate to us. What is KYC? We will rectify it immediately. Mumbai 2. 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. 10. Review of compliance of KYC guidelines, B. Role of the concurrent auditors / Internal auditors with KYC is to -, A. This can be achieved by introducing ......... for each. 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. In case of any violations in this blog, kindly intimate to us. 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. Read Anti-Money Laundering & Know Your Customer book reviews & author details and more at Amazon.in. 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. AML/KYC AML/KYC Sample Questions 395 K B Digital Banking. 3. 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 . ____, A. Rs.50,000/- & above B. Rs.75,000/- & above, C. Rs.1,00,000/- & above D. Rs.1,50,000/- & above, 26. 15. 1. Which of the following is the cardinal rule for bankers in anti-money laundering efforts -, A. “Financial Street is a well recognized name in the financial market education. Frequent deposits of cash in large sums by third parties, B. Ch. Anti Money Laundering - 327671 Practice Tests 2019, Anti Money Laundering technical Practice questions, Anti Money Laundering tutorials practice questions and explanations. 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. Roles and responsibilities of the Company, C. Memorandum and Articles of Association of the Company, D. Instructions of the Registrar of the Compan, 22. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding  IIBF books .. Macmillan / Taxmann. Positive confirmation (obtaining KYC related updates through e-mail/letter/telephonic, conversation/forms/interviews/visits, etc.) A. Which one of the, A. (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. FCRA means - Foreign Contribution Regulation Acta, 5. Introduction from the third person having an account with the bank /branch, B. Paris 4. 12. A. Which of the following transactions is/are not consistent with a salaried customer’s account? Sr Particulars N o 1. New York 3. IIBF Mock Test 2020 (Jaiib / Caiib) 100% Free Model Exam Quiz PDF - Login to Practice Online MCQ Questions with Answers. A. EXPORT - IMPORT FINANCE MCQs Multiple Choice Questions. 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. Branches should not open deposit/advances accounts of banned/ terrorist organisations as circulated by -, 4. To comply with the changing KYC and AML requirements, organisations need a KYC solution that adequately follows all steps of KYC compliance. New All IIBF Certifications PDFs in single link 2020-2021, All IIBF Certifications PDFs in single link, Caiib single link for all recollected questions. 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. KYC is an acronym for “Know your Customer”, a term used for customer identification process. 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. (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. No C. Has applied for inclusion D. Is likely to be made a member. 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. 1: Risks and Methods of Money Laundering and Terrorist Financing. The contents in this blog are based on Information collected from various sources which we believe to be reliable. 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. 7 years B.9 years C. 10 years D. 12 years, 29. 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 implementation of KYC in banks primarily addresses which one of the Anti Money Laundering measures were originally introduced by? 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. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. Japan Ans- Paris Under KYC norms Banks should prepare : a profile for each new customer based on risk categorisation. 65 recommendations B. NIL C. 40 recommendations D. Yet to be finalised, 23. 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. Role of the concurrent auditors / Internal auditors with KYC is to -, 32. This blog is for purely study related all are free study materials and sharing knowledge only. 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. Bank Master B. 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. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding  IIBF books .. Macmillan / Taxmann. 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.. Visit the ACAMS website at www.acams.org. 44.What is the level of risk of Money Laundering in a Liability product (e.g., deposits)? Amazon.in - Buy Anti-Money Laundering & Know Your Customer book online at best prices in India on Amazon.in. 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. 5. Try this amazing Cam AML/Cft Training Quiz quiz which has been attempted 2458 times by avid quiz takers. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. This blog is for purely study related all are free study materials and sharing knowledge only. The contents in this blog are based on Information collected from various sources which we believe to be reliable. Shufti Pro is a one-stop solution for enterprises to cater to your KYC practices. 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. Know Your Customer & Know Your Employee B. Conversion of assets to invest in Laundromats, B. 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. Opening of account at a place other than the place of work, B. Anti-Money Laundering (AML) Chapter Exam Instructions. collected from various sources which we believe to be reliable. customer. New All IIBF Certifications PDFs in single link 2020-2021, All IIBF Certifications PDFs in single link, Caiib single link for all recollected questions. 33. the beneficial owner). READ MACMILLIAN ULTIMATE BOOK FOR EXAMS All the best .. 1. Is adopting Anti Money Laundering practices compulsory for Banks in India? paper issued on ..... for NBFCs by the .......... on Banking Supervision. All office accounts Inter Office accounts, accounts of scheduled commercial banks, 20. KYC procedures also enable banks/FIs to know/understand their customers and their financial dealings better and manage their risks prudently. 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 . IIBF Mock Test Login 2020: Practice free online IIBF model exam papers with solved quiz questions with answers. The Cash Transaction Report (CTR) for each month should be submitted to FIU–IND, 25. This Code of Conduct is a statement of Morgan Stanley’s commitment to integrity and the highest ethical standards. 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. against cheques and not against cash payment. KYC is an acronym for “Know your Customer” a term used for Customer identification process. 1. Objective of IIBF AML - KYC Exam. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. what influences learning bandura. Meaning: It does not matter how slow you go as long as you don't stop... New CAIIB,JAIIB & IIBF PDFs and recollected questions . accountant certificate salary. Which of the following transactions is/are not consistent with a salaried customer’s account? 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. 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. Partnership Deed C. Registration certificate of Partnership, 50. A. However, some sectors face a greater risk of coming across crime proceeds or terrorist property than others, e.g. 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 ::: 1. 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.” (A) 20,000 (B) 25,000 (C) 50,000 (D) 1,00,000. 11. The file will open in Google Doc. 'Small account' means a saving account in a banking company as per KYC policy is. 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 Deposit of cheques issued by foreign companies, C. High value transactions routed through the account with high frequency, 12. (B) one on whose behalf the account is maintained (i.e. Which of the following transactions is/are suspicious from AML angle -. 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. DICGC EXIM Bank FDIC SEBI Ans- sebi FATF is located at 1. 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. C. Know the income of the Customers of your Bank. Know the Customer of the other Banks. MCQ ON AML-KYC. Tally C. Bank Alert D. Bank Call. 7 years 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. Integrity and the highest ethical standards free study materials and sharing knowledge only this blog are based on collected... 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