The IIBF AML KYC Exam 2026 is the cornerstone topic for aspirants. In this guide, we cover the 105 most important questions. This Positive mock test is specifically designed for IIBF Certificate Exam to help you master the concepts quickly.
Why This IIBF AML KYC Exam 2026 Test Matters?
📚 Interactive Question Bank
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What is the specific difference between “Digital KYC” and “V-CIP”?
V-CIP is a live, face-to-face video interaction with a bank official (treated as physical presence). Digital KYC is merely capturing a live photo with geo-tagging (GPS) without a live interview. V-CIP is a higher standard.
Can a “Small Account” receive foreign remittances if below ₹10,000?
No. Foreign remittances are strictly prohibited in Small Accounts regardless of amount. The customer must complete full KYC to receive foreign funds.
Is the PAN Card considered an OVD for address proof?
No. The PAN Card is an OVD for Identity only. It is NOT accepted as proof of address under the RBI Master Direction because it does not contain address details.
Does the “Travel Rule” apply to Crypto/Virtual Digital Assets?
Yes. Virtual Asset Service Providers (VASPs) must ensure Originator and Beneficiary details “travel” with the crypto transfer. Beneficiary exchanges must also screen wallets against sanction lists.
What constitutes “Tipping Off” under PMLA?
It is a criminal offence where a bank official informs a customer that their transaction is being reported (STR) or investigated. The existence of an STR must be kept strictly confidential.
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