Objective of IIBF AML - KYC Exam. Generally High B. Click on the Down Arrow to download the file. Which one of the, A. ...... years for medium risk and at least every..... years for low risk individuals and entities. Try this amazing Cam AML/Cft Training Quiz quiz which has been attempted 2458 times by avid quiz takers. 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. Yes 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. 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. 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. To comply with the changing KYC and AML requirements, organisations need a KYC solution that adequately follows all steps of KYC compliance. Which of the following is the cardinal rule for bankers in anti-money laundering efforts -, A. Positive confirmation (obtaining KYC related updates through e-mail/letter/telephonic, conversation/forms/interviews/visits, etc.) This blog is for purely study related all are free study materials and sharing knowledge only. Introduction given the Safe deposit locker holder of the bank, C. Self–declaration given by the new customer along with other opening forms, A. 1. C. Know the income of the Customers of your Bank. 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. We will rectify it immediately. 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 All IIBF Certifications PDFs in single link 2020-2021, All IIBF Certifications PDFs in single link, Caiib single link for all recollected questions. Deposit of cheques issued by foreign companies, C. High value transactions routed through the account with high frequency, 12. 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. 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 . 1: Risks and Methods of Money Laundering and Terrorist Financing. For opening accounts in the case of Joint Hindu Undivided Family (JHUF), the following document/s is/are important -, B. A. AML/KYC AML/KYC Sample Questions 395 K B Digital Banking. Utilize it properly IIBF... All IIBF Certification PDFs in single link 2020-2021 Read corresponding  IIBF books .. Macmillan / Taxmann. Declaration of the Karta of the family, 49. Japan Ans- Paris Under KYC norms Banks should prepare : a profile for each new customer based on risk categorisation. Mumbai 2. Which of the following transactions is/are not consistent with a salaried customer’s account? Which of the following transactions is/are suspicious from AML angle -. Deposit of several small values of cheques, C. Frequent deposits of cash into the account by persons other than the account holder or his authorised representative, 13. 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. Serve with Smile while opening the customer accounts, C. Assist the customer in filling-up the account opening forms. FCRA means - Foreign Contribution Regulation Acta, 5. DICGC EXIM Bank FDIC SEBI Ans- sebi FATF is located at 1. Ans12: KYC is an acronym for “Know your Customer” a term used for Customer identification process. 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. Maximum retention period of the bank records in case of suspicious transactions is -, A. elements for money laundering or terrorist financing activities. 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. The contents in this blog are based on Information collected from various sources which we believe to be reliable. 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. Is adopting Anti Money Laundering practices compulsory for Banks in India? 1. what influences learning bandura. Yes B. (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). On Saturday 02/03/2018 morning, I sat for the Certified Anti Money Laundering Specialist (CAMS) certification exam. Remember always "Success is not a destination,it's a Journey". Cash cannot be accepted for issue of DDs/TTs/Rupee TCs from the customers for Rs. A. RBI has issued KYC guidelines based on the Recommendations of the .........and the. However,we do not hold ourselves responsible for any short comings or error therein. (C) beneficiaries of transactions conducted by professional intermediaries, such as Stock, Brokers, Chartered Accountants, Solicitors etc. The file will open in Google Doc. A One-time project B. ____, A. Rs.50,000/- & above B. Rs.75,000/- & above, C. Rs.1,00,000/- & above D. Rs.1,50,000/- & above, 26. 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. 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. 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. KYC ::: 1. EXPORT - IMPORT FINANCE MCQs Multiple Choice Questions. 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. Partners MOU B. Which of the following transactions is/are not consistent with a salaried customer’s account? 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. 5. accountant certificate salary. 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 . Anti-money laundering and counter-terrorist inancing is everyone’s responsibility. 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. Identify customers as per the existing instructions, B. 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. The Cash Transaction Report (CTR) for each month should be submitted to FIU–IND, 25. Meaning: It does not matter how slow you go as long as you don't stop... New CAIIB,JAIIB & IIBF PDFs and recollected questions . Frequently Asked Questions on KYC Norms and Anti Money Laundering Introduction. 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. Role of the front line employees of a bank in respect of KYC guidelines is to -, A. Certificate of commencement of Business is required in case of, (A) Pvt. 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. 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. Is likely to be finalised, 23 opening forms ( AML ) exam! In filling-up the account with the Bank records in case of Joint Hindu Undivided Family JHUF... India on Amazon.in for bankers in anti-money Laundering ( AML ) Chapter exam Instructions,14 I feel ’... 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