Recollected questions of exam conducted on 28.06.2020

 Recollected questions of exam conducted on 28.06.2020

Defination of ML as per United Nations- identify correct one

What type of impact ML cause- social, economic, political

Difference between ML and TF- Identify correct one

Cycle of ML- Including case studies to identify which step is mentioned

Method of ML- Including case studies to identify which method is used

What is smurfing, shell companies, off shore banking, hawala system,mutual evaluation, correspondent banking

Palermo convention

which ML laws or act is used in which country

PMLA- Record maintenance, punishment, penalties,

UAPA offence

Role of national investigation agency, role of ED, 

Categories of US sanction

Elements of KYC police, 

Definition of customer as per RBI

Concept of beneficiary owner, Identify invalid OVD, Restrictions on small account, which OVDs is to be obtained for proprietary account, partnership account, trust account, PEP, pooled account, limitations for non face to face customer

for whom EDD should be done - including case studies, how to screen customer, periodicity of KYC  for various risk categories, 

When to go for Partial freezing of account, types of reporting to be done, limit of CTR, time limit of STR, What is white listing,

Role functions of PO, senior management, role of audit, at what level KYC training is important