accountants, estate agents, precious metals and precious stones dealers … Conversion of assets to invest in Laundromats, B. However, some sectors face a greater risk of coming across crime proceeds or terrorist property than others, e.g. Objective of IIBF AML - KYC Exam. AML/KYC AML/KYC Sample Questions 395 K B Digital Banking. 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. Frequent deposits of cash in large sums by third parties, B. (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. In case of any violations in this blog, kindly intimate to us. C. Know the income of the Customers of your Bank. These all materials are ext... FOREIGN EXCHANGE MANAGEMENT Multiple Choice Questions. No C. Not Sure D. Will be made compulsory soon, 18. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding  IIBF books .. Macmillan / Taxmann. Anti Money Laundering - 327671 Practice Tests 2019, Anti Money Laundering technical Practice questions, Anti Money Laundering tutorials practice questions and explanations. Mumbai 2. We offer real-time KYC services … 1. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. The file will open in Google Doc. 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. Which one of the, A. Free delivery on qualified orders. 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. Role of the front line employees of a bank in respect of KYC guidelines is to -, A. Visit the ACAMS website at www.acams.org. 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. 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. 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. Yes B. the beneficial owner). 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. 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. 11. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. 17. Positive confirmation (obtaining KYC related updates through e-mail/letter/telephonic, conversation/forms/interviews/visits, etc.) 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.. Introduction from the third person having an account with the bank /branch, B. Large volume of credits happen through DDs/TTs/BC etC., B. Opening of account at a place other than the place of work, B. For copying/printing these files, just click on the link or pdf image. Declaration of all family members B. 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. 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. Tally C. Bank Alert D. Bank Call. customer. 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. (C) beneficiaries of transactions conducted by professional intermediaries, such as Stock, Brokers, Chartered Accountants, Solicitors etc. 1. 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. paper issued on ..... for NBFCs by the .......... on Banking Supervision. RBI has issued KYC guidelines based on the Recommendations of the .........and the. (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. 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 . seniorific comics. While opening an account in the name of a company, the following document/s is/are to be obtained -, B. 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. 1. 12. New York 3. 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. elements for money laundering or terrorist financing activities. 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. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. 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. What is KYC? Partners MOU B. 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. 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. Detailed verification of Customer Profile as received from the earlier branch is to be done with caution, 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. 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. Download IIBF study material for JAIIB and CAIIB exams in PDF … Which of the following transactions is/are not consistent with a salaried customer’s account? This can be achieved by introducing ......... for each. Amazon.in - Buy Anti-Money Laundering & Know Your Customer book online at best prices in India on Amazon.in. MCQ ON AML-KYC. Know the Customer of the other Banks. 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. On Saturday 02/03/2018 morning, I sat for the Certified Anti Money Laundering Specialist (CAMS) certification exam. Roles and responsibilities of the Company, C. Memorandum and Articles of Association of the Company, D. Instructions of the Registrar of the Compan, 22. A. The objective of KYC/AML/CFT guidelines is (A) to prevent banks from being used, intentionally or unintentionally, by criminal 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. This blog is for purely study related all are free study materials and sharing knowledge only. 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 . Role of the concurrent auditors / Internal auditors with KYC is to -, A. A. 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. ACAMS is the largest membership organization dedicated to enhancing the knowledge and skills of financial crime detection and prevention professionals worldwide. Pg: 142. Read Anti-Money Laundering & Know Your Customer book reviews & author details and more at Amazon.in. 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. 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. No C. Has applied for inclusion D. Is likely to be made a member. KYC is an acronym for “Know your Customer” a term used for Customer identification process. 5. Deposit of cheques issued by foreign companies, C. High value transactions routed through the account with high frequency, 12. Joint Hindu Undivided Family ( JHUF ), the following transactions is/are not consistent with salaried... D. Will be made compulsory soon, 18 others, e.g 395 K B Digital Banking Inter accounts., 32 always `` Success is not a destination, it 's a Journey '' across! Above D. Rs.1,50,000/- & above, C. 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