Q24: Banks are permitted to inform a customer of their specific "Risk Categorization" (Low, Medium, or High) to ensure transparency in the banking relationship.

True

False

True, but only for High-Risk customers

True, but only upon written request from the customer.

✅ Correct Answer: B

The bank shall keep the risk categorisation of a customer and the specific reasons for such categorisation confidential and shall not reveal this information to the customer to avoid tipping off.

Confidentiality of risk ratings is a key point in the IIBF AML KYC Exam 2026.

← Previous (Q23) When rejecting an application for onboarding ... Next (Q25) → Under which of the following circumstances is... 📚 Back to General Practice

Bank Promotion Exam Guide

Q24: Banks are permitted to inform a customer of their specific "Risk Categorization" (Low, Medium, or High) to ensure transparency in the banking relationship.

🔄 More from General Practice: