KYC AML

Prevention of Money Laundering Act (PMLA) was first introduced in the year

• 2001
• 2002
• 2003
• 2004

What is CFT under KYC / AML regulations?

• Combating the financing of the terrorism
• Calculating financial terrorism
• Commission on financial terrorism
• Committee on financial terrorism

Submission of details of PAN (Permanent Account Number) is compulsory for Fixed Deposits, Remittances, such as DDs/ TTs/ Rupee TCs, etc, if the amount exceeds-

• Rs 10,000/-
• Rs 25,000/-
• Rs 50,000/-
• No such Limit

In case customer is not having PAN in his name bank must obtain declaration in Form no

• 15G/15H
• 135
• 60/61
• FATCA

In case of Demat Account opening branches mandetorily obtain                appart from other OVDs.

• PAN Card
• Aadhaar Card
• Voter ID
• Driving Licence

KYC-AML-CFT Policy consists of                Key elements

• 1
• 2
• 3
• 4

Which of this is not a key element of KYC-AML-CFT policy

• Customer Acceptance Policy
• Customer Identification Procedure
• Customer Centricity
• Risk Management

For Classifying customers into various Risk Categories bank has considered                parameters

• 2
• 3
• 4
• 5

Which of the following is not a parameter bank has considered for classifying the customers into various risk categories

• Mode of Payments
• Mode of operation
• Annual Income / Turn over of the customer
• Social and Financial Status

Which of the following will be classified under High Risk category

• Salaried Person
• Pensioner
• Trust
• Self Help Group