Online Practice Test AML Awareness Question Test Please select the Right Answer. (All Questions are compulsory) Name*FirstLast Email Date QUESTION 1 Accounts are risk categorize under KYC is: User Ans 1*Low ,medium and high riskLow ,very low and high riskMedium, moderate and very high riskNone of these QUESTION 2 What are the documents required for corporate customer registration? Write Answer 2 below * QUESTION 3 Name screening refers to User Ans 3*Monitoring of suspicious transactionsUniquely identifying the customer of basis of the primary identifiers i.e name, address, etc.Determine whether any of the bank’s existing or potential customers are part of blacklistsNone of these QUESTION 4 Under which menu the customer Risk Assessment report available in LiveEx software Write Answer 4 below* QUESTION 5 Tipping off is _________________. User Ans 5*Not a criminal offenceA criminal offenceBoth of theseNone of these QUESTION 6 What is the full form of DRIC? Write Answer 6 below* QUESTION 7 What should employee be aware about the handling of transactions which may involve money laundering User Ans 7*KYC of the customer involved in the transactionDetails of the transactionPotential effect on bankAll of these QUESTION 8 Write the full form of ISTR, SAR, and STR Write Answer 8 below* QUESTION 9 Basic due diligence means: User Ans 9*Additional due diligence measure undertakenAll of this Establish the identity of customersCollection & verification of identity proof, address proof etc. QUESTION 10 Write minimum 4 types of risk parameters Write Answer 10 below* QUESTION 11 KYC, CDD, AND EDD must be retained for a minimum period of _______________ years from the date of transaction. User Ans 11*2546 QUESTION 12 Write minimum 3 reasons “Why the system holding transactions for Real-Time Compliance Approval” ? Write Answer 12 below* QUESTION 13 Please read the KYC practices given below. identify the KYC element which best relates to the stated practice. Well –developed and applied customer assessment enable identification and classification and potentially high – risk customers. this is known as…………. . User Ans 13*Accounts and transaction monitoringCustomer identificationCustomer acceptance Risk management QUESTION 14 what is structuring? Write Answer 14 below* QUESTION 15 Write the full form of AML, CFT, SDN, DNFBPs, SDD, ODD, ABC, FATF, FIU Write Answer 15 below* QUESTION 16 What should be recorded regarding records of employee training on AML/KYC User Ans 16*AttendanceNature of the training received Date of training All of these QUESTION 17 The customer having United Kingdom of Great Britain and Northern Ireland passport, What is the Nationality this customer? Write Answer 17 below* QUESTION 18 What is the full form of UID? User Ans 18*Unique Identity DocumentUser Identity DetailsUnique Identity NumberUnique Information Data QUESTION 19 What is Smurfing ? Write Answer 19 below* QUESTION 20 What are the documents required for Financial Institution Registration Write Answer 20 below* QUESTION 21 Which of the following are methods of layering ? User Ans 21*All of these Deposits and withdrawals are made continuously in their accounts to vary the amount of balance in the accountsChangeover to different currencies, through complex deals in stocks ,commodities, futures, etcTransferring money through various financial institutions among different names in different financial institutions QUESTION 22 What is shell companies? User Ans 22*Both of theseTo take loan against securities acquired dirty money and playing taxes on profitNone of theseIt has no physical presence QUESTION 23 Who is the juridical person? Write Answer 23 below* QUESTION 24 which of the following is not normally required for “customer due diligence”? User Ans 24*Residence of customer Know your customerKnow the spouse of customerKnow your transaction QUESTION 25 Under which menu the KYC form available in LiveEx Software? Write Answer 25 below* QUESTION 26 How many recommendations were made by FATF on anti-money laundering: User Ans 26*NilYet to be furnished 60 recommendations40 recommendations QUESTION 27 Question 27 User Ans 27*Name screeningObservationAML Software Analysis of exception reports QUESTION 28 What should awareness training of staff on AML/KYC should cover User Ans 28*To know what might constitute suspicious activityNeed to know enough about the nature of business activities expectedNeed to know the identity of the customer All of these QUESTION 29 In which menu the Customer expected business volume and value available in LiveEx software Write Answer 29 below* QUESTION 30 How many digits in UID in LiveEx User Ans 30*9101112SubmitReset
