IIBF AML/KYC EXAM QUESTION ANSWER AND STUDY MATERIAL PDF

IIBF AML/KYC EXAM QUESTION ANSWER AND STUDY MATERIAL PDF NOTES

AML/KYC Anti-Money Laundering and Know Your Customer is an online certificate exam conducted by IIBF (Indian Institute of Banking and Finance). This exam aims to provide advanced knowledge and understanding of AML / KYC standards.

In this article we’ll be discussing all IIBF AML/KYC exam question answers, AML/KYC exam study material, pdf notes, KYC/AML exam benefits and syllabus in detail.

AML/KYC EXAM BENEFITS

Qualifying for this exam helps in developing the professional competence of employees working in banks and financial institutions. Candidates who have cleared the exam can easily avail of employment in security and audit firms, banking and banking ancillary firms, and other small and medium enterprises.

ELIGIBILITY CRITERIA

Candidates must have passed the 12th standard examination in any discipline or its equivalent.
This exam applies both to the members as well as Non-members of the institute.

Important Topic:- All about KYC/AML Exam by IIBF

IIBF AML/KYC EXAM SYLLABUS

The syllabus of the AML/KYC exam 2021 as published by IIBF on its official website is listed as below :

SUBJECTS

TOPICS

KYC – Know Your Customer

The contents included in the KYC exam are – Introduction and overview of Customer Profile, Initiatives by the RBI, Definition under the KYC Principles, Organizational Structure, Important KYC framework in RBI prescriptions, Introduction of new accounts, Intermediaries – Trust / Nominee or Fiduciary Accounts, Exposed Persons (PEPs) Residing Outside India, Accounts of ‘non-face-to-face’, Customers – Qualitative data, Joint accounts, Minor accounts, KYC for existing accounts

AML- Anti Money Laundering

The contents included in the AML exam are- Money Laundering – Origin and Definition,

Techniques, Impact on Banks

Structuring; Integration

Preventive Legislation

International Cooperation

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

Click here For detailed IIBF KYC/AML exam syllabus http://projects.teamgrowth.net/Test-IIBF/documents/RulesSyllabus/2020/34%20-AML%20KYC-RP-Final_20200527.pdf

AML/ KYC EXAM PATTERN

The pattern for the examination is mentioned below-

The mode of exam will be online.
The exam will include approx. 120 questions for 100 marks.
The questions will be objective-type multiple-choice questions.
The duration of the exam is 120 minutes.
There is no provision for negative marking for wrong answers.
The IIBF AML KYC exam minimum passing mark is 60 out of 100.

Read Also:- Benefits of Passing JAIIB

AML/KYC EXAM STUDY MATERIAL

Candidates can clear the KYC/AML exam easily in one attempt by going through our latest edition of study material covering the entire syllabus in topic-wise form. We are providing 12+ hours of full course videos in both Hindi mixed English language, mock tests and 500+ previous year questions which can prove very beneficial in preparing for the Exam.

So, join us today and get sure of success in the upcoming AML/KYC exam 2021.

IIBF AML/KYC EXAM QUESTION ANSWER AND STUDY MATERIAL PDF NOTES