Money laundering is usually carried out in = Three stages

This means also features in the placement methods of laundering money = 2

The stage where clean money is mixed with illegal money to disguise it further is called = 2XXX 1

All SBUs must implement necessary procedures and controls to ensure = 3XXX2

Who reviews and approves risk profiling of various product segments = 1

Internal controls must be adequately supplemented by = 1

ICICI bank will monitor all cash transactions beyond the threshold limit set by the = MLROXXX 1XX

This is not a step in the money laundering process = 1XXX

Clause (b) of sub section (1) of section 12 of PMLA states that banking companies/financial
institutions/intermediaries should furnish information to = 3XXX 2XXX 1

At which stage of the money laundering process it is relatively easy to detect the crime = 1XX 3XXX2

Banks are required to apply basic due diligence for = low risk customers

ICICI bank maintains records on customer transactions in order to = 1

Adequate diligence is the fundamental requirement for any business transaction = T

Risk profiles of customer segments should be submitted to the board of directors of the bank = TXX F

Above the AML framework is = 2XXX 1

This is not a sources of funds for illegal money = 1XXX 2XXX 3

Regulations empowering the director to levy a fine or order on banking companies or financial
institutions or intermediaries for failure to comply with provisions of section 12 are laid down in = 3XXX
2

Separating the funds from their illegal source is called = 3

Money laundering is = 2XXX 1

Before employing temporary or outsourced people ICICI bank adheres to = 1XXX 2XX 3

Effective element of a Know your customer (KYC) procedure is = 3XXXX 2XX 1

Use of multiple cash deposits each smaller than the minimum cash reporting requirements is called =
1XX 2

Photo debit card of the customer is used for = 1XXX

Facilities provided by the bank for the transfer of money via electronic media are called = 1

Companies that are set up according to the laws of the land but do not do any real business are called =
Walkin accountsXXX 2

ICICI bank will have proper record maintenance policies and procedures in place to = 1XXX 2

SBU compliance officer also does = 1

According to RBI guidelines branches should intimate their controlling offices about cash transactions
above = 2

Significant suspicious activity is reported to the audit committee on = 3

Cooperation with law enforcement agencies means = 2XXX 3XX 1

According to FATF money laundering is = 1

What approach would ICICI bank adopt in implementing its anti money laundering framework = 2

Risk profiles of customer segments should be submitted to the MLRO = T

Which intergovernmental body develops promotes anti money laundering guidelines = 3XXX 2XX 1

MLRO will escalate the suspicious transaction to = 3XX 1XX 2

Appropriate organization structure is one of the = 2

Appointing a compliance officer within a organization falls under which aspect of money laundering
regulations = 3

Common means of integrating money into the financial system is = 2XXX 3

FATF guidelines are intended to meet = 1

FATF guidelines consist of how many regulations = 3XXX 2XX 1

The bank shall deal with the bank providing services to shell banks only with the prior approval of the
bank`s AMLG = T

Which of these is not non banking method of laundering money = 3XXX 1XX 2

Placement stage is when cash is channeled into = 1

This document is accepted as an identity proof at the time of opening the account = 2

Laundering money by putting it in cash intensive businesses like restaurants is called = 3XXX 2

In submitting information to MLRO all SBUs must use = Specific forms and formats
Customer identification procedure for legal person is = 3XXX 1

From the cessation of the date of the transaction, ICICI bank maintains records of the transaction for a
period of = 10YR

At what point it is difficult for the bank to distinguish between legal and illegal funds = 1XXX 2

Which section of the PMLA talks about procedure and manner of furnishing information = Section 13 XX
1XXX 2

The policy is applicable to all activities of the bank including all SBU`s in India and abroad = T

Who can call for records defined in the section 13 of PMLA = MLROXXXX 2xxx

Process whereby people send each other money without going through the banking system is called =
2XXX 1XX 3

Regulations stating that banking companies, financial institutions, intermediaries and their officers shall
not be liable to any civil proceedings against them for furnishing information are laid down in = Section
14

Collating and maintaining AML records is the responsibility of = MLROXXX 3

Transactions that are inconsistent with the customer`s known legitimate activities are called =
Suspicious transactions

Information of the violation of the provisions of section 12 is provided to the director by = 1XXX 3XX

The bank`s approach for establishing a customer behavior pattern includes = 3

Each SBU will develop appropriate measures for transaction processing in consultation with = 2

Illegal activity where stacks of gold, cash, jewllery or even rare stamps are moved from place to place is
called = 2

How many special regulations were issued to combat terrorist financing = 20XXX 9

Driving license of the customer is used for = 1

Which section of the PMLA talks about the powers of the director to impose fines = 1XXX 3

What does reselling and repurchasing assets for laundering money do = 1

Financial transactions that are not in compliance with law are to be = 2XXXX 1

Detailed guidelines on identification of suspicious transactions is given to the employees via = 1XXX 3

Which section of the PMLA talks about banking companies, financial institutions and intermediaries
should maintain records = Section 13 XXX Section 14XX
All SBUs would conduct risk profiling of various = 1XXX

When a customer moves from a low risk to high risk the approach used is = 1XX 2

Basic due diligence is an approach the bank takes to = 1

Placement methods are broadly divided into = 123

FATF provides guidelines for anti money laundering policies and procedures at = 2

MLRO will submit the quarterly report to = 3XXX 1

Which section of the PMLA talks about civil proceedings = 1

The stage where legitimate explanation is given to illegitimate funds is called = 2

According to PMLA obligations the records of the transactions should be maintained for = 3

Person responsible for monitoring day-to-day implementation of ICICI bank`s groups AML policy and
procedures is = 2

Before offering its services to its correspondent banks ICICI bank will = 1

A bank which doesn`t have any physical presence in any country is called = 1XXX 3XX 2

KYC procedures will be applicable to existing customers only if the risk profile of the customer or
customer segment changes from low to high = T

What forms an integral part of ICICI bank`s group AML policy = Customer identification proceduresXXX
2XX 3

This is the preferred means of laundering money accumulated by tax evasion = 2XXX 1XXX 3

Customer identification procedures fall under which aspect of money laundering regulations = 1

Multiple accounts set up by the same person with standing instructions is called = 3XXX 2

AN card issued by income tax department is used as = 3XXX 1XXX 2