Which of these

these is not non banking method

method of laundering money 3f 1f 2

Financial transactions that are not

n ot in compliance with law are to be 3f1

Companies that are set up according to the laws of the land but do not do any real
business are called 3f 1f 2

Reports on anti money laundering compliance to regulatory agencies is called 123

All S!s must implement necessary procedures and controls to ensure 2

Customer identi"cation procedure for legal person is 3f 

Appointing a compliance o#cer within a organi$ation falls under which aspect of

money laundering regulations 3

Who re%iews and appro%es risk pro"ling of %arious product segments 1

S! compliance
compliance o#cer is responsible
responsible for 12

&ultiple accounts set up by the same

s ame person with standing instructions is called 2

'assport of the customer is used for 12

 (his means also features in

in the placement methods of laundering
laundering money 3f1f 2

According to FA(F money laundering is 1

 (his is a suspicious transaction

transaction 3

)ach S! will de%elop appropriate measures for transaction processing in

consultation with 3f 

'lacement methods using banking and "nancial institutions is broadly di%ided into
12

Re%ised anti money laundering guidelines of R* co%er 23

*C*C* bank will ha%e proper record maintenance policies and procedures in place to 3

Collating and maintaining

maintaining A&+ records
records is the responsibility
responsibility of 1

 (his is not a step in the money laundering

laundering process 3

A bank which doesn,t ha%e any physical presence in any country is called 2

&oney laundering is usually carried

carried out in 2

-etailed guidelines on identi"cation of suspicious transactions is gi%en to the

employees %ia 3
Common means of integrating money into the "nancial system is 3

'illars of A&+ standards are 12

&oney laundering is 2f 1

From the cessation of the date of the transaction. *C*C* bank maintains records of
the transaction for a period of 2

 (he policy is applicable to all acti%ities of the bank including all S!,s in *ndia and
abroad 1

All S!s would conduct risk pro"ling of %arious 2f 3

When a customer mo%es from a low risk to high risk the approach used is 2

Regulations empowering the director to le%y a "ne or order on banking companies

or "nancial institutions or intermediaries for failure to comply with pro%isions of
section 12 are laid down in 2

 (he stage where clean money is mi/ed with illegal money to disguise it further is
called 2f 3f 1

What are the key anti money laundering ob0ecti%es of *C*C* bank 12

'rocess whereby people send each other money without going through the banking
system is called 3

Adeuate diligence is the fundamental reuirement for any business transaction 1

Risk pro"les of customer segments should be submitted to the &+R 1

Cooperation with law enforcement agencies means 1

Which section of the '&+A talks about the powers of the director to impose "nes 3

Which of these customers fall under the high risk category 2

What approach would *C*C* bank adopt in implementing its anti money laundering
framework 1f3f 

Regulations stating that banking companies. "nancial institutions. intermediaries

and their o#cers shall not be liable to any ci%il proceedings against them for
furnishing information are laid down in 3

 (he bank shall deal with the bank pro%iding ser%ices to shell banks only with the
prior appro%al of the bank,s A&+ 1

Abo%e the A&+ framework is 2f 1

Customer identi"cation procedures fall under which aspect of money laundering
regulations 1

At the integration stage of the money laundering process 1 or 12

S! compliance o#cer also does 1

Facilities pro%ided by the bank for the transfer of money %ia electronic media are
called 2f 1

Separating the funds from their illegal source is called 3

efore o4ering its ser%ices to its correspondent banks *C*C* bank will 1

 (ransactions that are inconsistent with the customer,s known legitimate acti%ities
are called 3

 (he stage where legitimate e/planation is gi%en to illegitimate funds is called 2

anks are reuired to apply basic due diligence for 1f 3f 

efore employing temporary or outsourced people *C*C* bank adheres to 1f3

asic due diligence is an approach the bank takes to 1

What does reselling and repurchasing assets for laundering money do 1

'lacement stage is when cash is channeled into 3f 1

Conseuences of money laundering are 123

&+R will escalate the suspicious transaction to 1f 

+aundering money by putting it in cash intensi%e businesses like restaurants is

called 2

FA(F guidelines consist of how many regulations 1

 (his is the preferred means of laundering money accumulated by ta/ e%asion 2f3

*nternal controls must be adeuately supplemented by 3f 1

*C*C* bank will monitor all cash transactions beyond the threshold limit set by the 1f
3f 2

*nformation of the %iolation of the pro%isions of section 12 is pro%ided to the director

by 2

At what point it is di#cult for the bank to distinguish between legal and illegal funds
3f1f 
&+R will submit the uarterly report to 2f 3f 1

5ow many special regulations were issued to combat terrorist "nancing 3

 (his is not a sources of funds for illegal money 3

Which intergo%ernmental body de%elops promotes anti money laundering guidelines

1

o%t of *ndia in consultation with R* has noti"ed the rules under '&+A. for banking
companies. "nancial institutions and intermediaries for 12

At which stage of the money laundering process it is relati%ely easy to detect the
crime 3f 1

 (he bank,s approach for establishing a customer beha%ior pattern includes 3

Signi"cant suspicious acti%ity is reported to the audit committee on 3

 (his document is accepted as an identity proof at the time of opening the account 2

Which section of the '&+A talks about procedure and manner of furnishing
information 6f 2

*n submitting information to &+R all S!s must use 2f 1

What forms an integral part of *C*C* bank,s group A&+ policy 2f 

Risk pro"les of customer segments should be su bmitted to the board of directors of

the bank 1f2

'erson responsible for monitoring day7to7day implementation of *C*C* bank,s groups

A&+ policy and procedures is 2

Who can call for records de"ned in the section 13 of '&+A 2f 

Which section of the '&+A talks about banking companies. "nancial institutions and
intermediaries should maintain records 1

!se of multiple cash deposits each smaller than the minimum cash reporting
reuirements is called 2

-ri%ing license of the customer is used for 1

 (he &+R report would contain 12

*llegal acti%ity where stacks of gold. cash. 0ewllery or e%en rare stamps are mo%ed
from place to place is called 2

A8 card issued by income ta/ department is used as 2

Which section of the '&+A talks about ci%il proceedings 2f 1

According to R* guidelines branches should intimate their controlling o#ces about
cash transactions abo%e 1

FA(F guidelines are intended to meet 1

FA(F pro%ides guidelines for anti money laundering policies and procedures at 2

9:C procedures will be applicable to e/isting customers only if the risk pro"le of the
customer or customer segment changes from low to high 1

)4ecti%e element of a 9now your customer ;9:C< procedure is 2f 3f 1

 At which stage of the money laundering process it is
relati%ely easy to detect the crime

7*C*C* bank will ha%e proper record maintenance policies and procedures in place to

7Collating and maintaining A&+ records is th e responsibility of