Recollected qns of kyc and aml- 23/03/2019

Recollected qns of kyc and aml- 23/03/2019

1. CBTR Is to be submitted- 15 th of every month.

2. Designated director- criteria

3. Str typology- benami entity/mlm activity

4.placement- one qn 

5. Integration

6. CKYC R - reporting entity

7. Small account-the aggregate of all withdrawals and transfers in a month does not exceed rupees ten thousand

8. Funnel account

9.hawala system

10.CDD- fill form

11. UCIC - fullform

12. If SHG is opening SB account- kyc details is obtained for all members or few

13.can NRI student wants to open his SB account with introduction letter from principal

14.walk in customer has to provide kyc documents if amount involved is rs 50000 or more

15.4 to 5 qns from STR...

16.correspondant banking- regulatory actions and due diligence

17 .FATF- which is regional body among options

18. Egmont group- informal network of fiu

19. Fiu is responsible for

20. Terrorism comes under which - ministry of defense/ finance minister or govt

21. Staff training

22.money laundering

23. UAPA

24. SIFO is set up under ministry of corporate affairs

25. If customer comes for opening account - ekyc of customer has to be captured

26. Passport as ovd is for-  only nri/ only nro/ only if is issued under regional officer/ 

27. Risk categorisation

28.proprietary firm account can be opened which ovd among options.

29. PEP

30. Staff callousness- staff should not disclose banks policy and procedures with outsiders

31. Staff training should not  be given to senior MGMT/designated director/ board of directors/ shareholders

32. One qn on audit

33.Questions also on role of senior management, ekyc, vostro account,