Module: General Practice
Q9: Customer Due Diligence (CDD) is mandatory when carrying out an occasional transaction of an amount equal to or exceeding ……, whether conducted as a single transaction, or several transactions that appear to be connected.
✅ Correct Answer: C
Customer Due Diligence (CDD) includes identifying and verifying the customer when carrying out occasional transactions of an amount equal to or exceeding ₹50,000, whether conducted as a single transaction or several transactions that appear to be connected.
This threshold is a standard question in the IIBF AML KYC Exam 2026.
LSI INJECTION: Proper CDD is the first defense in maintaining high Anti-Money Laundering Standards.
This threshold is a standard question in the IIBF AML KYC Exam 2026.
LSI INJECTION: Proper CDD is the first defense in maintaining high Anti-Money Laundering Standards.