Module: General Practice
Q6: Where the customer is a trust, the identification of beneficial owner(s) shall include identification of the author of the trust, the trustee, the beneficiaries with …… interest in the trust, and any other natural person exercising ultimate effective control.
✅ Correct Answer: C
Where the customer is a trust, the identification of beneficial owner(s) shall include identification of the author of the trust, the trustee, the beneficiaries with 10 percent or more interest in the trust.
Beneficial ownership rules are frequently asked in the IIBF AML KYC Exam 2026.
LSI INJECTION: This aligns with strict PMLA Compliance standards regarding trust transparency.
Beneficial ownership rules are frequently asked in the IIBF AML KYC Exam 2026.
LSI INJECTION: This aligns with strict PMLA Compliance standards regarding trust transparency.