Iibf Exam Review :AML/KYC 15September 2018

1.Difference between Money laundering and terrorist financing

2.which of the following is not  a step of money laundering cycle?

placement

layering

raising

integration

3.which of the following is not a source of financing to terrorist? pg 15

4.which of the following is a member of wolfsberg group

5. which of the following is not a member of wolfsberg group

6.India is a member of which of the following group?-FATF

7.pep pg 41

8.new technologies. pg 42

9.Bank Secracy Act pg 50

10.Austrac pg 52

11.money laundering control act 1986 is under

usa

europe

uk

12.reporting entity means  ... pg 56

13.dept fiu ind

14.Kyc requirement for joint account  with either or survivour- both

15.ovd requirement for trust

16.ovd requirement for company

17.resident definition for pmla is taken from which act

18.beneficial owner

.... table pg 123 qus...

19. timeline to submit of monthly reports is .... 15th of next month

20. timeline for str.. 7dsys

21.reports to fiu ind are sbmitted as... single report..pg 146

22. alert based str pg 147

23 .small account -monthly limit -10000

24.small account based 4option

25.regulated entities.. pg 193

26.under simplified procedure  howmuch time is given for prividing ovd

27.which isnot the work of designated officer

28.ckycr

29. 1 case study from book ...
30.fatf documents how many time in a year . 3times
31.threshold value for company .. 25prcnt pg 93
32.threshold value for trust.. 15 prcnt pg 93
33.india is a member of
apg, catf, eag
34.fatf latest member
35.correspondent banking
36. one acciunt is opened in delhi,cashdeposits from different locations nd withdwals from diff location .. funnel accounts
37.bcbs paper publishmed  in jan 2014 is ... pg 29..
38.Imf pg 26
39.difference betweem aml policy, aml/cft
40.smurfing meaning... deposit in different acc below threshold pg 16