Module: General Practice
Q15: Which of the following is NOT one of the four key elements that the Know Your Customer (KYC) policy of a bank must include?
✅ Correct Answer: D
The KYC policy shall include following four key elements: (i) Customer Acceptance Policy; (ii) Risk Management; (iii) Customer Identification Procedures (CIP); and (iv) Monitoring of Transactions.
Knowing these pillars is essential for the IIBF AML KYC Exam 2026.
Knowing these pillars is essential for the IIBF AML KYC Exam 2026.