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IIBF AML-KYC Practice Exam

IIBF AML-KYC Practice Exam    

Compliance with ‘Know Your Customer’ guidelines and ‘Anti-Money Laundering’ standards has become essential for healthy financial relationships both by the banks / financial institutions in India. IIBF AML-KYC Exam aims to provide 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.

Eligibility Criterion for IIF AML-KYC Exam

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

Exam Outline

  • Exam Name:  Anti-Money Laundering & Know Your Customer
  • Exam Language: English
  • Exam Duration: 120 minutes
  • Total Questions: 120 Questions
  • Total Marks: 100
  • Passing Score: 60/100 (No negative marking)
  • Type of Questions: Multiple Choice Questions 
  • Exam Mode: Online Only
  • Exam Fees: First Attempt and any further attempts charged (For Members: Rs. 1000/- and For Non-members: Rs. 1500/-)

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

What do we offer?

  • Full-Length Mock Test with unique questions in each test set
  • Practice objective questions with section-wise scores
  • In-depth and exhaustive explanation for every question
  • Reliable exam reports to evaluate strengths and weaknesses
  • Latest Questions with an updated version
  • Tips & Tricks to crack the test
  • Unlimited access

What are our Practice Exams?

  • Practice exams have been designed by professionals and domain experts that simulate real time exam scenario.
  • Practice exam questions have been created on the basis of content outlined in the official documentation.
  • Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.
  • Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam.
  • You can also create your own practice exam based on your choice and preference 

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