Friday, 22 June 2018

kyc aml recollected

KYC AML:: 


All 2 marks from case studies.


(Placement


Layering


Integration)




Funnel account



Copy of byelaws


Trust company percentage in shars or.profits


Ration card valid or not


Money laundering acts


Str


Ccr


Ftr


Max punishment for money laundering


Wolfsburg principle


Penality for pmla maintainance of records


How many years records to be maintained


Counterfeit notes more than 5


Dormant accounts


Customer not giving info abt the account, what action we have to take


Fatf 


Banks under Wolfsburg grp


Small accounts max limits


Thresholds 3 questions


Reports around 4 to 5


Fiu ind, fatf around 5




Wire transfer direct questions like max limit, originator information


Front company


Red flag indicator


Risk category 3 questions around


Some direct questions like 


Customer definition in kyc norms


Key elements in kyc policy


Non profit organization


Ckycr


Company trust partnership

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