IIBF AML-KYC Practice Exam FAQ
What is the IIBF AML-KYC Practice Exam?
The IIBF AML-KYC Practice Exam proves advanced knowledge and understanding in AML/ KYC standards and develops the professional competence of employees of banks and financial institutions.
What is the objective of the IIBF AML-KYC Practice Exam?
- To provide comprehensive coverage of the various guidelines/standards/guidance notes issued by RBI / IBA / International bodies etc.
- To provide advanced knowledge and understanding in AML / KYC standards.
- To develop the professional competence of employees of banks and financial institutions.
What is the eligibility criteria for the IIBF AML-KYC Practice Exam?
- Members and Non-Members of the Institute.
- Candidates must have passed the 12th standard examination in any discipline or its equivalent or Candidate who has completed the BC/BF examination conducted by IIBF.
What is the process for obtaining the IIBF certification?
For obtaining the certificate a candidate should :
- Join accredited training Institute and undergo 100 / 50 hours training as the case may be;
- Obtain Training Completion Certificate from the Training Institute;
- Apply for Examination of the Institute;
- Appear and pass the Examination;
- Get pass certificate from the Institute
How many questions are there in the IIBF AML-KYC Practice Exam?
There is 120 questions in the exam.
In which mode the IIBF AML-KYC Practice Exam is available?
The examination will be held in Online Mode with remote proctoring only.
What are the learning objectives for the IIBF AML-KYC Practice Exam?
The learning objectives for the exam are as follows:
- Anti Money Laundering
- Know Your Customer
In which form the AML-KYC Practice exam is available?
The AML-KYC exam is available in multiple-choice format and multiple-response.
What is the passing score for the IIBF AML-KYC Practice exam?
The passing score for the AML-KYC exam is 60%.
How much time will be given to the candidate to complete the AML-KYC Practice exam?
The candidate will be given 2 hours to complete the exam.
Is there negative marking in the IIBF exam?
There will NOT be negative marking for wrong answers.
In which language the IIBF AML-KYC Practice Exam is available?
The exam is available in the English language.
What is the fee structure for the IIBF AML-KYC Practice Exam?
The candidate has to pay Rs. 1100 /- (For members) and Rs. 1600- (For Non-Members) as the examination fee.
How can I prepare for the IIBF AML-KYC Practice Exam exam?
The candidate can prepare for the IIBF AML-KYC Practice Exam by some steps such as visiting the official site, learning and understanding the objectives, books and guides, practice tests, training programs, etc.
I want to know about Study Material, its availability, and its cost.
IIBF has developed comprehensive self-learning study materials and workbooks which has been published by Macmillan India Ltd and Taxman Publication Pvt Ltd. Candidates can directly purchase the books from the outlets of the publisher. Candidates who purchase the books directly from the outlets of the publishers will be offered a discount of 20% on the cost price of the book. They can also purchase online and by post.
How to receive a duplicate ID card?
A soft copy of the ID card will be made available to members for download through their Edit Profile on admission as Member of the Institute. In case a member does not have/lost the membership identity card he/she may apply for a duplicate identity card through the institute’s website and have to make the payment using debit/credit card or net banking. The fees for Duplicate I-Card with GST is Rs.118/- (Duplicate Icard charges Rs.100/- & GST Rs. 18/-).
