- Mr. X, who had cash with him, wants to send money to his friend in China.

After enquiring about

1
1

- Mr. A the front officer of the ABC Bank has accepted the documents from the corporate customer
- One of the fundamental requirement of AML Compliance, as informed to Mr. K, an employee of DEF
- Mr. A, the Managing Director of newly incorporated A&A Ltd., has recently purchased a real
- Internal control should be supplemented by an effective _______ function that independently

1
1
1
1

- Mr. A, the product manager of ABC Bank wants to introduce a new product styled as Fast Cash

- It is generally said that Money Laundering is easy to detect at the Placement stage compared to

1
- Mr. A, a customer of RQP Bank has been banking with the bank for the past 3 years. A close
- The guidelines of RBI on KYC and AML are based on:
- Customer A has approached the bank and informed that he is undertaking import and export
- The Manager of one of the branches of ABC Bank has been recently interrogated by the Police in
- Mr. K who wanted to open an account in ABC Bank. He however requested the Bank that he would

1
1
1
0
1

- Mr. P is an existing accountholder of the Bank. He has brought his friend Mr. Q who wishes to
- In ensuring compliance with the AML guidelines, BCD Bank has adopted a strategy whereby it
- ABC Ltd., a Bank incorporated in India is proposing to open a Branch outside India. The Chief
- While discussing the action plan for ensuring the compliance with the RBI guidelines on KYC/AML

0
1
0
1

- Mr. B, a customer of Bandra Branch of the ABC Bank has approached the Bank for a depositing Rs.
- Under the rules notified under the Prevention of Money Laundering Act, 2002, the following
- As per the guidelines of RBI, the Policy specifying the criteria for acceptance of the
- Mr. Z, who has been recently inducted into PQR Bank wants to understand the key requirements of

1
1
1
1

- Mr. A is holding a savings bank account with PQR Bank for the past 6 years. The customer has

1
- The account-opening officer of the XYZ bank has collected the documents establishing the

1
- Mr. A has joined the Bank very recently. He is trying to understand the concept of money
- As per the rules notified under the Prevention of Money Laundering Act 2002, a suspicious

1
1

- The Dawn to Dusk Bank has opened an account of the customer recently. The customer has been
- Mr. X has accumulated huge amount of cash through extortion threats. He has been able to place
- Help-You-All is a charitable trust that has approached the Bank for opening of its current
- A customer, who is engaged in the business of polishing and selling diamonds, has approached
- Mr. A, a salaried employee working for BSNL, a public sector company, has approached the Bank

1
1
0
1

1
- The PQR Bank has kept under watch, the transactions of Mr. A who holds a savings bank account
- The provisions of AML/KYC revised guidelines of RBI are to be fully complied with by all the
- Mr. Z had indulged in sale of narcotic drugs. He used to make huge sums of money and using his
- As per the RBI guidelines ___________ auditors must specifically scrutinize and comment on the
- PQR Ltd., owns a restaurant, which is operated by Mr. R. While there are no activities that are

0
1
1
0
1

- Mr. X, a customer of XYZ Bank has approached the branch for taking a demand draft in favour of

- Mr. A, has approached the branch official of XYZ bank for opening of a bank account. He has
- India is a member country of Financial Action Task Force

Alternative remittances
Requirement of AML traning to
employees
All of the above
Integration
Internal Audit
Not justified as the RBI guidelines
require the banks to monitor large
cash transactions for which they
require additional information
At this stage money is still traceable
to its source,Banks require details
about the transaction in case of
large cash transactions
His account activities are outside
the normal range of activities
a and b above
Enhanced due diligence
Compliance Risk
Numbered accounts
No as the customer has to
compulsorily submit the KYC
documents for establishing his
identity despite of the introduction
Risk based internal audit
0
Training
Justified because banks needs to
closely monitor the deposits and
withdrawals in excess of Rs. 10
lakhs
Ordinary locker operations
Customer acceptance policy
Know Your Customer
The customer risk profile changes
from his resident status to nonresident status
Identity proof of authorized
signatories
Converting illegal money into legal
money
Only a and b
Screened the name of the customer
against the lists circulated by RBI
Layering Stage
High
Customer inquiry
Low

Financial Intelligence Unit India

(FIU-IND)
31-Dec-06
Section 3
Concurrent/Internal
Intermediary for hotel business
Purchase the Demand draft from
the bank only by way of debit to his
account or through a cheque,Quote
his permanent account number
Yes - because it is a requirement of
PMLA rules which is a statutory
obligation on banks to collect the
photograph
0