Q14: How is the "Video based Customer Identification Process (V-CIP)" treated for the purpose of Customer Due Diligence (CDD)?

It is treated as a high-risk, non-face-to-face process requiring additional checks.

It is treated as a temporary measure valid for only 12 months.

It is treated on par with face-to-face Customer Identification Process (CIP).

It is treated as a valid process only for small accounts.

✅ Correct Answer: C

The bank shall treat such processes (V-CIP) complying with prescribed standards and procedures on par with face-to-face CIP for the purpose of this Direction.

This equivalency is a key concept in the IIBF AML KYC Exam 2026.

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Bank Promotion Exam Guide

Q14: How is the "Video based Customer Identification Process (V-CIP)" treated for the purpose of Customer Due Diligence (CDD)?

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