Q61: When furnishing information to the Director, FIU-IND, a delay of each day in not reporting a transaction constitutes a separate violation.

True

False, delays are calculated on a weekly basis.

False, it is considered a single violation regardless of duration.

True, but only if the delay exceeds 30 days.

✅ Correct Answer: A

When furnishing information to the Director, FIU-IND, a delay of each day in not reporting a transaction shall constitute as a separate violation.

Penalties for non-compliance are tested in the IIBF AML KYC Exam 2026.

Bank Promotion Exam Guide