AML & KYC
Total points 13/15
The respondent's email
(racerrohit07@[Link]) was recorded on
submission of this form.
0 of 0 points
Candidate Name *
Rohit kumar yadav
Email ID *
racerrohit07@[Link]
Applicant ID *
8633085
Batch Number *
86
AML & KYC 13 of 15 points
Customer should fill in and sign *1/1
the AOF and other relevant
documents in the presence of
bank officials.
True
False
Under the Prevention of Money *1/1
Laundering Act (PMLA),
financial institutions in India are
required to report suspicious
transactions to which entity?
Reserve Bank of India (RBI)
Securities and Exchange Board of
India (SEBI)
Financial Intelligence Unit-India
(FIU-IND)
Enforcement Directorate (ED)
There cannot be more than one *1/1
red flag indicators in a
transaction
True
False
Money laundering Risk includes *1/1
which of the following?
Reputational Risk to the Bank
Legal and Regulatory Risk to the Bank
Imposition of a monetary One on the
Bank
All of the Above
What term describes an *1/1
indication of unusual customer
transactions or activities?
Transaction Monitoring
Red Flag Indicator
Name Screening
Which of the following is a key *1/1
component of Anti-Money
Laundering (AML) measures?
Market research
Transaction monitoring
Sales promotion
Customer surveys
According to regulations, how *0/1
frequently should KYC updation
be performed for low-risk
customers?
At least once every 10 years
At least once every 8 years
At least once every 5 years
At least once every 2 years
Correct answer
At least once every 10 years
What term describes a person *1/1
who conducts transactions with
a bank but does not maintain a
bank account?
BeneOcial Owner
Customer
Walk-in Customer
Smurfing is a method adopted *1/1
to ____
avoid regulatory reporting
requirements
complete Periodic KYC updation
regularly save money in bank accounts
Which of the following is not *1/1
typically considered a source of
illegal money?
Drug tra\cking
Smuggling
Charity
What is the term used to *1/1
describe the stage of money
laundering where funds from
illegal sources are separated
from their origin through a series
of intricate transactions?
Placement
Layering
Integration
Which of the following *1/1
transactions requires an
enhanced due diligence to
determine whether it is
suspicious?
Frequent large value cash
transactions in the bank account
of a salaried person
Large value foreign exchange
remittances in the account of a large
reputed import export company
Which of the following is a *0/1
primary document required for
KYC verification in India?
Driving Licence
Passport
Aadhar Card
All of the Above
Correct answer
All of the Above
What is the term used to *1/1
describe the practice of making
multiple cash deposits, each
smaller than the minimum cash
reporting requirement?
SmurOng
Smuggling
What is the purpose of *1/1
conducting KYC in financial
institutions?
To verify customer identity
To assess creditworthiness
To ensure customer satisfaction
To monitor Onancial health
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