kyc, AML/CFT,CRS

Money Laundering has been defined in....

• Section 1A of PMLA 2002

• Section 5B of FEMA

• Section 3 of PMLA 2002

• Section 5C of FEMa

As per section 12 of PMLA, period of maintaining a record a prescribed transaction is....years from the date of transaction.

• 5

• 10

• 15

• 20

As per Section 12 of PMLA period of retention of record in relation to KYC is

• 5 years from the date of relationship

• 5 years from the date of cessation of relationship

• 10 years from the date of relationship

• 10 years from the date of cessation of relationship

Which one is not a key element of KYC policy

• Introduction of customer

• Customer Acceptance Policy

• Monitoring of Transaction

• Risk Management

......is to be opened in anonymous or fictitious/benami name(s)/entity

• Only Current Account

• Only Tiny Savings Bank Account

• Only FCNB deposit

• None

Accounts of persons having relationships with banned entities such as individual terrorists or terrorist organisations etc.,are....

• to be opened only after controller's permission

• to be opened only after RBI approval

• Not to be opened

• to be opened as non-interest bearing current account

Which one is not an OVD

• Passport with same address

• Driving Licence

• Voter ID

• Passport with different Address

Accounts of persons who have been convicted and are lodged in jails can be opened, with suitable safeguards decided on case to case basis, jointly with....

• Relative residing outside jail

• the Superintendent of the respective jail

• should be only in the sole name of convict

• Spouse

The unique customer identification code used in our bank is called...

• Customer Information Form

• Customer information File

• Customer Identification File

• Customer Identification Form

For opening account of a company, which document is not a necessary document?

• Board Resolution

• Memorandum of Association

• Article of Association

• Pancard of Major Shareholder