IIBF KYC AML Quiz 4

______means templates prepared to facilitate collating and reporting the KYC data to the CKYCR, for individuals and legal entities

• KYC Templates

• KYC Register

• KYC Grouping

• None of the above

_____means customers who open accounts without visiting the branch/offices of the REs or meeting the officials of REs.

• Non-face-to-face customers

• face-to-face customers

• Walkin customers

• None of the above

_____means regular monitoring of transactions in accounts to ensure that they are consistent with the customers’ profile and source of funds.

• On-going Due Diligence

• One time Due Diligence

• Enhanced Due Diligence

• None of the above

_____accounts refers to correspondent accounts that are used directly by third parties to transact business on their own behalf.

• Correspondent accounts

• Inter Bank Accounts

• Payable-through accounts

• None of the above

____means steps taken to ensure that documents, data or information collected under the CDD process is kept up-to-date and relevant by undertaking reviews of existing records at periodicity prescribed by the Reserve Bank

• Random updation

• Periodic updation

• one time updation

• None of the above

Full form of RNBC's

• Residuary Non-Banking Consultancy

• Residuary Non-Banking Companies

• Residuary Non-Banking Component Index

• None of the above

Full form of MNBC's

• Metropolitan National Broadcasting Corporation
• Major News Broadcasting Channel
• Metropolitan News Broadcasting Channel
• Miscellaneous Non-Banking Companies

Full Form of MTSS

• Multi-Tiered System of Supports
• Money Transfer Service Scheme

• Multi-Tiered System of Services
• Money Transfer Segment Scheme

______means a bank that has no physical presence in the country in which it is incorporated and licensed, and which is unaffiliated with a regulated financial group that is subject to effective consolidated supervision. Physical presence means meaningful mind and management located within a country. The existence simply of a local agent or low-level staff does not constitute physical presence

• Shell Bank

• Correspondent Bank

• Investment Bank

• None of the above

_____an alternate method of customer identification with facial recognition and customer due diligence by an authorised official of the RE by undertaking seamless, secure, live, informed-consent based audio-visual interaction with the customer to obtain identification information required for CDD purpose, and to ascertain the veracity of the information furnished by the customer through independent verification and maintaining audit trail of the process.

• Video broad Customer Identification Process

• Video based Customized Identification Process

• Video based Customer Identification Process

• None of the above