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IIBF AML-KYC Exam

IIBF AML-KYC Exam

Free Practice Test

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  • TypeExam Format
  • No. of Questions20
  • AccessImmediate
  • Access DurationLife Long Access
  • Exam DeliveryOnline
  • Test ModesPractice

Practice Exam

$15.99
  • TypeExam Format
  • No. of Questions198
  • AccessImmediate
  • Access DurationLife Long Access
  • Exam DeliveryOnline
  • Test ModesPractice, Exam

Online Course

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  • Content TypeVideo
  • DeliveryOnline
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  • Access DurationLife Long Access
  • No. of Videos84
  • No. of hours02+ hrs

IIBF AML-KYC Exam

IIBF AML-KYC Exam aims to provide a comprehensive coverage of the various guidelines / standards / guidance notes issued by RBI / IBA / International bodies. The primary objectives of the Anti-money laundering and know your customer (AML-KYC) Exam is to provide advanced knowledge and understanding in AML / KYC standards and to develop the professional competence of employees of banks and financial institutions.


Who should take IIBF AML-KYC Exam?

candidates taking Anti-money laundering specialists exam are required to investigate potential money laundering risks in banks and financial institutions. Candidates are required to ensure the efficient identification, monitoring and documentation of suspicious transactions. Such that they report all questionable financial activities to internal compliance directors and external regulatory bodies.


Course Outline 

IIBF AML-KYC Practice Exam covers the following topics - 


Anti Money Laundering

  • Money Laundering - Origin and Definition
  • Techniques Impact on Banks
  • Structuring; Integration
  • Preventive Legislation
  • International Co-operation
  • UK; USA; India - Basel Committee
  • PMLA Objectives - RBI Guidelines
  • System Adequacy to Combat Money Laundering - Anti-terrorism finance
  • Financial Intelligence Unit (FIU)
  • The Financial Action Task Force (FATF) - IBA Working Group - Software for
  • Money Laundering and Correspondent Banking - Exchange Companies - Foreign Branches

Know Your Customer

  • Customer Profile - KYC Policies - Countries Deficient in KYC Policies
  • Initiatives by the RBI - Organised Financial Crimes Customer
  • Definition under the KYC Principles - Transaction Profile
  • Organisational Structure - Important KYC framework in RBI prescriptions - Operating Guidelines.
  • Introduction of new accounts - Guidelines for Opening Accounts of Companies, Trusts, Firms, Intermediaries etc.
  • Intermediaries - Trust / Nominee or Fiduciary Accounts - Accounts of Politically
  • Exposed Persons (PEPs) Residing Outside India, Accounts of ‘non-face-to-face’
  • Customers - Qualitative data - Joint accounts
  • Minor accounts - KYC for existing accounts - KYC for low income group customers

Validate your skills and pass IIBF AML-KYC Exam with hundreds of real time practice exam and test pass guarantee. Try IIBF AML-KYC Exam Free Practice Test now!

Exam Format and Information

Exam Name IIBF Anti Money laundering and Know Your Customer
Exam Code  AML-KYC 
Exam Duration 120 minutes
Exam Format Multiple Choice Questions
Exam Type Online and Proctored Exam
Number of Questions 120 Questions
Eligibility/Pre-Requisite As suggested*
Exam Fee Rs. 1000/- (For Members) and Rs. 1500/- (For Non-Members)
Exam Language English
Pass Score 60/100


Eligibility Criterion for IIF AML-KYC Exam

Candidate should be Members and Non-Members of the Institute or candidates must have passed the 12th standard examination in any discipline or its equivalent.

IIBF AML-KYC Exam FAQs

IIBF AML-KYC Exam aims to provide a comprehensive coverage of the various guidelines / standards / guidance notes issued by RBI / IBA / International bodies. The primary objectives of the Anti-money laundering and know your customer (AML-KYC) Exam is to provide advanced knowledge and understanding in AML / KYC standards and to develop the professional competence of employees of banks and financial institutions.
Candidates taking Anti-money laundering specialists exam are required to investigate potential money laundering risks in banks and financial institutions. Candidates are required to ensure the efficient identification, monitoring and documentation of suspicious transactions. Such that they report all questionable financial activities to internal compliance directors and external regulatory bodies.
There will be 120 questions which have to be completed in 120 minutes.
The main topics in this exam are – Anti Money Laundering • Money Laundering - Origin and Definition • Techniques Impact on Banks • Structuring; Integration • Preventive Legislation • International Co-operation • UK; USA; India - Basel Committee • PMLA Objectives - RBI Guidelines • System Adequacy to Combat Money Laundering - Anti-terrorism finance • Financial Intelligence Unit (FIU) • The Financial Action Task Force (FATF) - IBA Working Group - Software for • Money Laundering and Correspondent Banking - Exchange Companies - Foreign Branches Know Your Customer • Customer Profile - KYC Policies - Countries Deficient in KYC Policies • Initiatives by the RBI - Organised Financial Crimes Customer • Definition under the KYC Principles - Transaction Profile • Organisational Structure - Important KYC framework in RBI prescriptions - Operating Guidelines. • Introduction of new accounts - Guidelines for Opening Accounts of Companies, Trusts, Firms, Intermediaries etc. • Intermediaries - Trust / Nominee or Fiduciary Accounts - Accounts of Politically • Exposed Persons (PEPs) Residing Outside India, Accounts of ‘non-face-to-face’ • Customers - Qualitative data - Joint accounts • Minor accounts - KYC for existing accounts - KYC for low income group customers
Application for examination should be registered online from the Institute's website www.iibf.org.in. The schedule of examination and dates for registration will be published on IIBF website.
There will be no negative marking for wrong answers.
TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
Once purchased, the practice exams can be access for the lifetime.
There will only be multiple choice questions in the exam.
The fee structure for IIBF AML-KYC exam is Rs. 1000/- (For Members) and Rs. 1500/- (For Non-Members)
Yes our experts frequently blog about the tips and tricks for exam preparation.
The passing criteria are 60 marks out of 100.
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the IIBF Debt Recovery Agent (DRA) Exam cost.
Yes testprep training offers free practice tests for IIBF Debt Recovery Agent (DRA) Exam which can be used before the final purchase for complete test.
After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.

 

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