AML KYC EXAM 2024 PROCESS

AML KYC EXAM 2024 | REGISTRATION, EXAMINATION, AND MINIMUM SYSTEM REQUIREMENT

This post contains all the details from registering to attempting the AML KYC 2024 Exam along with AML KYC Syllabus 2024. Banks have established specialised divisions to handle tasks like the credit card industry, home loans, auto loans, trade financing, consumer loans, Bancassurance, etc. Recently, some banks have offered subsidiaries to carry out these duties. There is a need for an educational programme, given the broad range of knowledge required for such operations, even if banks provide some training to their workers to convey the fundamental knowledge to handle these portfolios according to their requirements.

Healthy financial relationships between banks and other financial institutions in India today depend on their adherence to the “Know Your Customer” and “Anti-Money Laundering” requirements. The course aims to give a thorough overview of the numerous guidelines, standards, and guidance notes published by the RBI, IBA, international organisations, etc.

In this article we are going to talk about the AML KYC process, registration, examination, minimum system requirements, do’s and don’ts, debarment criteria, etc and everything there is to know about the examination process. Before moving on to the details of the AML KYC EXAM 2024 we would like to give you an overview of the subject. 

The term “anti-money laundering,” or “AML,” refers to the measures that financial institutions and other businesses must take to stop criminals from depositing or transferring money obtained through illegal means. AML policies are specifically intended to stop the funding of terrorism and the proceeds of crimes like human trafficking.

Know Your Customer, or KYC refers to the procedures an organisation does to verify that its clients are who they claim to be and do not present a risk to the company. Even though AML and KYC are frequently used interchangeably, they both fall under the broad umbrella term of AML.

To identify their clients and determine the level of money laundering risk they pose, businesses can use KYC to adopt a risk-based approach to AML. Risk-based AML, a recommendation of the Financial Action Task Force (FATF), calls on businesses to analyse each of their clients’ levels of risk: High-risk consumers should be subject to a more thorough AML examination, while low-risk customers may only be exposed to easier, less intrusive safeguards.

Now that we are done discussing what AML KYC is, we would like to move on with the process, registration, examination, syllabus, and all the other details you need to know before you appear for your exam.

Read Also: Anti Money Laundering | IIBF AML KYC VIDEO CLASSES 2024

AML KYC EXAM 2024 PROCESS

Registration

• Applications for examinations should be submitted online at www.iibf.org.in, the Institute’s website. The dates for registration and the exam schedule will be made available on the IIBF website.
•  The candidate will choose the examination date and time while registering.
• If interested, the candidate might sign up for e-learning or an e-book at the time of enrollment by making the necessary additional payments.
• The study material may be an electronic book or an online course.
• The candidate will be given information based on the choice they chose (e-book/e-learning). Accessing the study materials requires a login ID and password.
• An admit letter will be generated following successful registration. Applicants can install it.

Examination

• On a set date and time, candidates will take the exam in remote proctored mode from a safe location. (For more details, see the Dos and Don’ts section.)
• Half an hour before the exam’s start time, candidates should log in to the system.
•  Using the candidate’s registered photo, the exam proctor will confirm the candidate’s identity which is a representation of the candidate
• The candidate will also be required to present an authentic, valid photo ID card (Aadhaar, driving licence, e-Aadhaar, employer’s card, PAN card, and election voter’s card, passport, etc.) as a means of verification. When the verification is successful, the proctor will permit the starting of the examination with a candidate.
• The candidate can be asked to use the webcam to display a 360-degree image of the exam venue. so that the proctor can recognise the item and determine whether the environment/exam area is appropriate. To appear, a clean desk or table must be provided for taking the test. No books, notes, magazines, or other sources of information mobile phones, stencils, post-it notes, chits, slide rules, and Any additional electronic devices, including headphones (wired or wireless), are permitted to be kept on the desk or a table.
• If the rough sheet is going to be used, both sides should be visible proctor both before and after the test.
• Live remote proctoring of the candidate’s activities starts as soon as the exam starts and will happen all during the testing session.
• Candidates’ actions will be observed via a webcam, microphone, etc. during remote proctoring. The computer’s browser, mouse, keyboard, and other devices will be observed.
• If necessary, the proctor can provide the candidate with information or directions using the chat window
• The proctor will disqualify a candidate if they engage in unethical or questionable behaviour through the chat window, or they can cancel or end the As soon as possible, conduct an examination.
• A preliminary scorecard will be shown on the screen following the examination or submission.
• RESULT ADVICE, CONSOLIDATED MARKSHEET, AND FINAL CERTIFICATE  
  • • Following the announcement of the results, candidates may receive their result advice on the Institute’s website.
    • Following the release of the results, a consolidated mark sheet for candidates who passed exams in more than one subject will be made available on the Institute’s website. After providing login information using their membership number and modifying their profile password, candidates can download the same.
    • Within three weeks of the announcement of the results, digitally signed certificates for successful candidates will be issued through e-mail registered with the Institute. The Institute no longer issues Paper Certificates.

Minimum System Requirement

Desktop/Laptop

• Browser: Google Chrome version 75 & above, with cookies & pop-ups enabled
• Video/Audio: A webcam and a good quality Mic is required       
• Operating system: Windows 8 or 10.                                  
• RAM & Processor: 4 GB+ 
• RAM, i3 5th Generation 2.2 Ghz or equivalent/higher  
• Pop-up blocker: Disabled

Internet Connection: Stable internet connection with at least 512 kbps+ upload speed

Read Also: COACHING CLASSES FOR AML KYC EXAMS 2024, WHY US?

“Examination not allowed on mobiles or tablets”

Do’s and Don’ts 

• The test will be administered to the candidate in a secure setting.
  • • A location with a desk and chair, preferably with a plain backdrop (the area behind the candidate) and enough light for the proctor to see the candidate. There should be no outside noise and no activity from the general public. Except for the computer and external webcam, everything should be taken off the desk keyboard, mouse, and any additional allowed items, if any, (if an internal webcam is not available).
    • If the examination location is a busy or public area, the examination will not be conducted. atmosphere, having poor lighting and having people moving around while being examined having another computer or similar equipment in the vicinity of the candidate area for scrutiny.
    • The test cannot be taken while seated on a couch, bed, or other similar furniture.

• Candidates will take the exam at the scheduled time and date in a secure setting. A candidate will not be permitted to take the exam if they attempt to show up beyond the stated exam day or hour.
• Candidates should log in to the system 30 minutes before the start of the test.
• During the examination, no other people are permitted in the examination area.
• The applicant must have on hand an original photo ID with a name and photo on the same side, the admission letter, a rough draught, a pen or pencil, and a calculator.
• Given that they will be recorded on camera and should dress appropriately for a public setting, candidates
• During the examination period, candidates are not allowed to speak or read aloud to themselves or anyone else.
• With the proctor’s approval, he or she can contact the help desk in an emergency if there is a technical problem.
• No earbuds, headphones, or other listening devices should be worn by the candidate’s equipment.
• No other people should be contacted by the candidates in any way.
• Candidates are not permitted to use a phone at any time.
• During the examination, candidates are not permitted to leave the room or examination area without the proctor’s consent or cause.
• Candidates must not configure the computer before the test. Before the examination period, all the settings must be completed and carefully tested. The Institute shall not be liable for any computer system malfunctions that occur during the exam session and the candidate will fail in their endeavor.
• Candidates cannot cover the webcam or turn off the microphone during the examination.
• Candidates must not leave the exam window while they are still in it. 
• The candidate’s face must be in the center of the camera’s field of view, and the candidate’s. Throughout the Exam, your face must be visible.
• Avoid mounting the camera on a different monitor or too low or high. Strange camera angles can be quite upsetting and distracting while performing an examination. Ensure that the camera is at eye level and is displayed on a monitor before the interview is applied during the inspection.
• The applicant must face the computer and not look away from the laptop or desktop screen.
• The candidate must not ask for help or use a mobile device or study guide to answer questions.
• The candidate must make sure that he or she has answered all of the questions and has read the truthfulness of his or her responses before turning in the paper. Upon submission, Re-examination is not allowed if there was an error.
• For a smooth exam, candidates are encouraged to make sure their laptops are fully charged the day of the test and that their desktop computers are linked to an uninterruptible power source.
• Candidates are not allowed to log out or turn off their computers to go to the restroom, and they won’t be able to log back in if they log out or switch off.
• Candidates are permitted to utilize a portable battery-operated calculator during the examination. Any form of a calculator with up to 8 functions, such as (Addition, Having 12, and using Addition, Multiplication, Division, Percentage, Square Root, Tax+ and Tax- digits.

Read Also: IIBF AML KYC NOTES 2024

Debarment/Cancellation of Examination

• The proctor will intervene, issue a warning, or cancel the exam if a candidate engages in unfair practices or suspicious acts.
• The proctor has the right to issue a warning or immediately cancel the test in the event of any misconduct.
•  The outcome of the exam may be cancelled for any unfair behaviour (cheating), and the offender will be held accountable for punishment. By detailing any unfair practices and sanctions imposed on the candidate, the institute will also tell the candidate’s employer.
• If the unfair act is discovered after the exam, the results of that exam will be nullified and the offender will be held accountable for the penalty.
• It will be deemed an act of misconduct and the offending applicant will be subject to penalties if they attempt to replicate an Onscreen question, take images, or break any of the exam guidelines.
• FOR DETAILS ON THE DEBARMENT PERIOD FOR UNFAIR PRACTICES USED BY CANDIDATES DURING THE CONDUCT OF EXAMINATION, PLEASE REFER TO THE INSTITUTE’S WEBSITE UNDER THE MENU “EXAM RELATED”

SYLLABUS OF AML KYC EXAM 2024

 Anti Money Laundering

Money Laundering – Origin – Definition – Techniques Impact on Banks -Structuring; 

Integration, Preventive Legislations – International Co-operation – UK; USA; India – Basel Committee – PMLA Objectives – RBI Guidelines – System Adequacy to Combat Money Laundering – Antiterrorism finance – Financial Intelligence Unit (FIU)- The Financial Action Task Force (FATF) – IBA Working Group – Software for AML

Screening: Money Laundering and Correspondent Banking – Exchange Companies –Foreign Branches

Know Your Customer

Introduction and overview – Customer Profile – KYC Policies – Countries Deficient in KYC Policies, Initiatives by the RBI – Organized Financial Crimes Customer – Definition under the KYC Principles – Transaction Profile – Organizational Structure – Important KYC framework in RBI prescriptions – Operating Guidelines. Introduction of new accounts – Guidelines for Opening Accounts of 

Companies, Trusts, Firms, Intermediaries, etc., Client Accounts opened by Professional – 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. Monitoring Accounts – Customer research -Suspicious transactions.

We hope this article gives you all the details you need to know about the AML KYC EXAM 2022.

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