IIBF KYC AML EXAM NOTIFICATION 2023

IIBF KYC AML EXAM NOTIFICATION 2023

KYC AML EXAM NOTIFICATION:- The term ‘Anti-money laundering’ is an expression used for the range of regulatory processes that entities must comply with, while KYC i.e Know Your Customer is a component part of AML that consists of entities verifying the identity of their customers. 

AML: Anti-money laundering regulations are made compulsory by both national & international authorities around the world and have put a wide variety of screening & monitoring obligations on the financial institutions (FIs). These obligations of AML include the process of Know Your Customer. 

KYC regulations allow entities to take a risk-based approach to AML so that they can know who their customers are, and what the level of money laundering risk they bring with them. In cases, where the customers present a particularly high risk of money laundering, the KYC process should include an enhanced Due Diligence (EDD), that may involve the collection of additional customer identification materials, verification of the customer’s source of funds, the scrutinization of the purpose of transactions or the nature of business relationships more closely and the implementation of the ongoing monitoring procedures. 

To proper compliance with the KYC & AML policies or regulations means that bankers must be familiar with the difference b/w AML & KYC and also understand how both terms relate to each other in the regulatory process.

Therefore, to help in the same, the course on KYC AML attempts to familiarize the bankers with AML & KYC norms so that proper adherence to the same could be done & to professionally handle the issues related to them.

Important Topic:- IIBF AML/KYC EXAM RECOLLECTED QUESTIONS 2023

KYC AML EXAM

IIBF conducts the examination known as ‘Certificate Examination in Anti-Money Laundering & Know Your Customer’ that equips the bankers with insight into the various dimensions of the KYC AML.

IIBF conducts the KYC AML Exam on the predetermined dates that get announced on the official site of IIBF.

KYC AML EXAM DATE NOTIFICATION | 2023

Currently, as May Exams have just ended, you will have to wait for the next dates of the KYC AML Exams. The dates that will be announced for the KYC AML Exams to be conducted in the upcoming months of 2023 will be given down below:

KYC AML 2023 ELIGIBILITY

Anyone who is a member or non-member of the institute can write the KYC AML exam. He or she just needs to have:

• passed the 12th exam (in any stream or its equivalent); or
• who has cleared the BC/BF (i.e. Business Correspondents/Facilitators) examination of IIBF?

Therefore, those who are desirous of working in the bank or are dealing in KYC AML Finance in their work department can write this exam.

Read Also:- IIBF AML KYC STUDY MATERIAL 2023

KYC AML FEE STRUCTURE for 2023

You can register yourself for the KYC AML 2023 exam right now by paying the requisite fees mentioned below. It varies for members & non-members of the institute (IIBF):

*The fees are including the GST @18%

Note: You are required to register for the KYC AML exam for each and every attempt by paying the requisite fee.

KYC AML EXAM PATTERN 2023

KYC AML SYLLABUS

The syllabus of KYC AML introduces the topics of Money Laundering, its Origin, its Definitions of Anti Money Laundering, different techniques, its impact on banks, Preventive Legislations, International cooperation, Prevention of Money Laundering Act, 2002, RBI Guidelines, the Financial Action Task Force (FATF), Antiterrorism finance; Know Your Customer, Introduction & Overview:
profile of customers, KYC Policies, Countries Deficient in KYC Policies, Initiatives taken by RBI, organized financial crimes against customers, organizational structure, guidelines for opening accounts, accounts of Politically Exposed Persons (PEPs) Residing Outside India, Accounts of ‘non-face-to-face’ Customers, joint accounts, minor accounts, monitoring of accounts, customer research, suspicious transactions, etc.

Note: IIBF also recommends the candidates writing the KYC AML to go through the journals that are published by IIBF such as BANK QUEST & IIBF VISION to keep themselves with the updates in this sector along with any changes that occur in policies related to AML & KYC norms.

PASSING CRITERIA

You will need to score the below-mentioned marks to clear this exam:

KYC AML EXAM OVERVIEW 2023

Important Topic:- IIBF AML KYC MOCK TEST 2023

KYC AML STUDY MATERIAL 2023

All candidates who are writing the IIBF Exams have to keep up with the updates regularly on the subject they are writing the exams for. And to say it frankly, it is quite a tedious task for some as there is so much information to go through to reach the relevant points or information. 

But when you prepare from the already gathered study materials for the purpose it saves a lot of time. And you get all the recent changes as a part of the material. That relieves you from looking for what is not on the internet!! 

The Study Material of KYC AML offered by learning sessions covers the latest updates and it consists of:

• • Full video course of KYC AML 
    • the mix of Hindi & English Language
    • Latest syllabus by IIBF
    • Topic-wise videos 
    • Detailed Concepts

• Online Test Format

• • Mock Tests
  • Result Finishing Test
  • Review Tests

The above material provides a comprehensive understanding of all the topics of the KYC AML paper that will help you in clearing the said exam on your very first attempt! 

TUTOR OF AML KYC:

KYC AML course is tutored by Mr Ashish Jain. He is an ex-banker and has worked in the credit department of a bank for 7 years. He has delivered 900+ hours so far in the form of online classes & served 1,25,000+ candidates which enables him to deliver concepts with practical clarity which keeps the process of learning so much easy and focused. 

Mr Ashish Jain also prepares study material for JAIIB, CAIIB, Bank Promotions, Digital Banking, Information technology, MSME, Treasury Management, Risk Management, Prevention of Cyber Crime & Fraud Management, and many more.

FAQs

1. Will Previous Year Questions of KYC AML Exams be included in the full course?

Yes, the questions from the previous year’s exams of KYC AML will also be available with the study material.

1. When will the KYC AML registrations start for the 2023 Exam?

For MAY/JUNE 2023 Exams, the registrations for AML KYC will end by the 18th of JUNE 2023 while for the MAY/JUNE 2023 attempt.

1. Can everyone apply for the KYC AML Exam of IIBF?

Those who have either passed 12th standard or cleared the Business Correspondents/Facilitators examination of IIBF are eligible to write for the KYC AML Examination.