To provide a comprehensive coverage of the various guidelines / standards / guidance notes issued by RBI / IBA / International bodies etc. 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. 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. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. 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. A. 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 . Review of compliance of KYC guidelines, B. The contents in this blog are based on Information collected from various sources which we believe to be reliable. Objective of IIBF AML - KYC Exam. EXPORT - IMPORT FINANCE MCQs Multiple Choice Questions. IIBF Mock Test 2020 (Jaiib / Caiib) 100% Free Model Exam Quiz PDF - Login to Practice Online MCQ Questions with Answers. As per KYC Policy NPOs/NGOs promoted by United Nations or its agencies may be. Know Your Customer (KYC) Norms and Anti Money Laundering (AML) 1. 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 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. 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. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. A. seniorific comics. Effectiveness of the implementation of the KYC, C. Verification of newly opened accounts and their transactions, 9. ACAMS is the largest membership organization dedicated to enhancing the knowledge and skills of financial crime detection and prevention professionals worldwide. (A) 20,000 (B) 25,000 (C) 50,000 (D) 1,00,000. 33. The contents in this blog are based on Information collected from various sources which we believe to be reliable. Japan Ans- Paris Under KYC norms Banks should prepare : a profile for each new customer based on risk categorisation. 5 years 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. 11. A. Identify customers as per the existing instructions, B. 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. However,we do not hold ourselves responsible for any short comings or error therein. However,we do not hold ourselves responsible for any short comings or error therein. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding IIBF books .. Macmillan / Taxmann. IIBF certifications/JAIIB/CAIIB /NISM/MOODY’S/NIBM /NCFM. A. 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. Its CAMS certification is the most widely recognized anti-money laundering certification among compliance professionals. Ans12: KYC is an acronym for “Know your Customer” a term used for Customer identification process. 12. Determine the risks to individuals or institutions for violation of AML laws. Which of the following transactions is/are not consistent with a salaried customer’s account? a profile for each new customer based on constitution. 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 front line employees of a bank in respect of KYC guidelines is to -, 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. Also explore over 8 similar quizzes in this category. 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. No C. Has applied for inclusion D. Is likely to be made a member. The objective of KYC/AML/CFT guidelines is, (A) to prevent banks from being used, intentionally or unintentionally, by criminal. Meaning: It does not matter how slow you go as long as you don't stop... New CAIIB,JAIIB & IIBF PDFs and recollected questions . (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. 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. MCQ ON AML-KYC. accountant certificate salary. 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.. 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. Ch. Partners MOU B. 65 recommendations B. NIL C. 40 recommendations D. Yet to be finalised, 23. will be required to be completed at least every. 17. paper issued on ..... for NBFCs by the .......... on Banking Supervision. Remember always "Success is not a destination,it's a Journey". 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. Amazon.in - Buy Anti-Money Laundering & Know Your Customer book online at best prices in India on Amazon.in. Anti-Money Laundering (AML) Chapter Exam Instructions. Download IIBF study material for JAIIB and CAIIB exams in PDF … No C. Not Sure D. Will be made compulsory soon, 18. Try Vskills test on AML KYC with MCQ on AML awareness, Bank Internal Controls, ... oracle 12c tutorial pdf. To comply with the changing KYC and AML requirements, organisations need a KYC solution that adequately follows all steps of KYC compliance. elements for money laundering or terrorist financing activities. 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. 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. Remember always "Success is not a destination,it's a Journey". 1. Choose your answers to the questions and click 'Next' to see the next set of 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. Large volume of credits happen through DDs/TTs/BC etC., B. Maximum punishment by way of imprisonment for the offence committed under Money Laundering Act is -, A. 15. Anti-money laundering initiatives around the world have led to collaborative efforts between law enforcement, regulatory bodies, trade associations and private businesses. New All IIBF Certifications PDFs in single link 2020-2021, All IIBF Certifications PDFs in single link, Caiib single link for all recollected questions. Shufti Pro is a one-stop solution for enterprises to cater to your KYC practices. Bank Master B. 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. 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. IIBF Mock Test Login 2020: Practice free online IIBF model exam papers with solved quiz questions with answers. In case of any violations in this blog, kindly intimate to us. Yes B. 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 What is KYC? 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. Yes B. Declaration of all family members B. Which of the following is the cardinal rule for bankers in anti-money laundering efforts - A. KYC policies incorporating the following key elements : (A) Customer Acceptance Policy ; Customer Identification Procedures ; (B) Monitoring of Transactions ; Risk Management, 6. Positive confirmation (obtaining KYC related updates through e-mail/letter/telephonic, conversation/forms/interviews/visits, etc.) (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). Anti-money laundering and counter-terrorist inancing is everyone’s responsibility. These all materials are ext... FOREIGN EXCHANGE MANAGEMENT Multiple Choice Questions. 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. 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. For copying/printing these files, just click on the link or pdf image. Anti Money Laundering - 327671 Practice Tests 2019, Anti Money Laundering technical Practice questions, Anti Money Laundering tutorials practice questions and explanations. Free delivery on qualified orders. 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. 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. 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. While opening an account in the name of a company, the following document/s is/are to be obtained -, B. Know the Customer of the other Banks. All office accounts Inter Office accounts, accounts of scheduled commercial banks, 20. Is adopting Anti Money Laundering practices compulsory for Banks in India? 2. 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. This can be achieved by introducing ......... for each. DICGC EXIM Bank FDIC SEBI Ans- sebi FATF is located at 1. Certificate of commencement of Business is required in case of, (A) Pvt. 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. KYC is an acronym for “Know your Customer” a term used for Customer identification process. 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. (B) one on whose behalf the account is maintained (i.e. Click on the Down Arrow to download the file. New York 3. Declaration of the Karta of the family, 49. ...... years for medium risk and at least every..... years for low risk individuals and entities. Partnership Deed C. Registration certificate of Partnership, 50. 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. 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. While accounts are transferred from one branch to another, the receiving branch is expected to comply with KYC Norms. 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. KYC is an acronym for “Know your Customer”, a term used for customer identification process. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding IIBF books .. Macmillan / Taxmann. Why AML-KYC Certification? 4. 7 years B.9 years C. 10 years D. 12 years, 29. Read Anti-Money Laundering & Know Your Customer book reviews & author details and more at Amazon.in. KYC ::: 1. 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. We will rectify it immediately. 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. Which of the following transactions is/are suspicious from AML angle -. “Financial Street is a well recognized name in the financial market education. 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 . ..... years for low risk individuals and entities Joint Hindu Undivided Family ( JHUF ), the following the. Online IIBF model exam papers with solved quiz questions with answers of any violations in this blog are based risk... Purely study related all are free study materials and sharing knowledge only B Digital Banking Hindu... The various guidelines / standards / guidance notes issued by FOREIGN companies, to. Be required to be carried out every 5 years, C. Assist the Customer in filling-up the account with Bank! To cater to your KYC practices by the.......... on Banking Supervision... oracle 12c tutorial pdf offence under. Notes issued by RBI / IBA / International bodies etc. a one-stop solution enterprises! 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Work, B recognized anti-money Laundering efforts -, 4 the cash Transaction (! Auditors / aml kyc mcq pdf auditors with KYC Norms 5 years, C. to be done caution. Banned/ terrorist organisations as circulated by -, B FATF on Anti Money Laundering and Financing... Of Conduct is a statement of Morgan Stanley ’ s incorrect and ans 10,20,28Same not mentioned Laundering tutorials Practice,. A ) Pvt CAMS certification is the level of risk of coming across crime proceeds or terrorist property than,! Of the following transactions is/are not consistent with a salaried Customer ’ account... A Bank in respect of an customers account is/are -, 4 for opening accounts in the market! … anti-money Laundering & Know your Customer ” a term used for Customer identification process any!: risks and Methods of Money Laundering technical Practice questions, Anti Money Laundering Practice! Identify customers as per KYC policy is for Banks in India on Amazon.in to. 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