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Module: General Practice

Q18: Regarding the "Customer Acceptance Policy," banks are explicitly prohibited from opening accounts in which of the following manners?

A
Accounts for walk-in customers
B
Accounts in anonymous, fictitious, or benami names
C
Joint accounts with more than two holders
D
Accounts for non-face-to-face customers
✅ Correct Answer: B
The bank shall not open any account in an anonymous or fictitious / benami name.
This prohibition is a fundamental rule in the IIBF AML KYC Exam 2026.
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