Professional Documents
Culture Documents
Aml Answer Sheet
Aml Answer Sheet
Which of the following transactions requires an enhanced due diligence to determine whether
Smurfing is a method adopted to
Photo debit card of the customer is used for
Informing or communicating to customers or any other third party (directly or indirectly) that
This is not a step in the money laundering process:
PMLA imposes the following obligations on banks:
Which of the following is not a source of illegal money
The suspicious activity with respect to AML can be reported through which option in ICICI
The beneficial owner of a legal person is defined as
Comparing the copy of the OVD submitted by the customer with the original OVD document an
Two of the elements of ICICI Group AML Policy are
This document is accepted as an identity proof at the time of opening the account
Unusual transactions
Know your customer Regulations
A money mule account
₹1 Lakh
5 years from date of transaction
Placement stage
is always a natural person
Banks & Financial Institutions
Smuggling
at least once in 10 years
Layering
1
1
Smurfing
0
1
FIU-IND
Integration
Identify and verify customers and
beneficial owner
Combating Financing of Terrorism
Monthly salary credits in bank account
0
Customer makes or receives huge deposits or remittances which exceed his/her annual income
Low risk customers
Listed Companies
Walk in Customer
Ration Card
1,2
PMLA
1,2
1
Red Flag Indicator
Customer makes or receives huge deposits or remittances which exceed his/her annual income
nsactions in the bank account of a salaried person
quirements
Illegal funds are moved back into the economy disguised as legitimate funds
Converting illegal funds and assets into legitimate funds and assets
huge deposits or remittances which exceed his/her annual income