IIBF KYC/ AML 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.
KYC/ AML EXAM BENEFITS
Qualifying 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 insecurity and audit firms, banking and banking ancillary firms, and other small and medium enterprises.
- Candidates must have passed the 12th standard examination in any discipline or its equivalent.
- This exam is applicable both to the members as well as Non-members of the institute.
IIBF KYC/ AML EXAM SYLLABUS
The syllabus of the KYC/ AML exam 2022 as published by IIBF on its official website is listed as below :
|KYC – Know Your Customer||The contents included in KYC exam are – Introduction and overview 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
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
KYC/ AML EXAM PATTERN
The pattern for the examination is mentioned as below-
- The mode of the 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 of negative marking for wrong answers.
- The IIBF KYC/ AML exam minimum passing marks are 60 out of 100.
Most Important Topic:- All about KYC/AML Exam Fees Structure
AML/KYC EXAM STUDY MATERIAL
Candidates can clear the KYC/AML exam easily in one attempt by going through our latest edition study material covering the entire syllabus in topic-wise form. We are providing 12+ hours full course videos in both Hindi mix English language, mock tests, and 500+ previous year questions which can prove very beneficial in preparing for the Exam.
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