IIBF AML/KYC study guide
IIBF AML/KYC · Work through your exam, one topic at a time.
The Indian Institute of Banking & Finance (IIBF) runs KYC, AML & CFT as a short professional development training programme rather than a formal certification examination. Its purpose is to build practical compliance capability in bank and financial-sector staff who onboard customers, monitor transactions, or handle reporting obligations. IIBF's calendar shows the theme delivered in several formats: a two-day virtual programme on "Know Your Customer (KYC), Anti Money Laundering (AML) & Combating Financing of Terrorism (CFT)" scheduled 9–10 December 2026; a three half-day virtual programme on KYC, AML & CFT with an overview of the DPDP Act from 25 to 27 November 2026; and a three-day online programme on Fraud Risk Management, KYC & AML-CFT Compliance run by PDC Delhi from 16 to 18 December 2026. Related offerings include a one-day online workshop on next-generation compliance, and a Lucknow-centre programme on staying ahead of cyber frauds through KYC/AML/CFT compliance on 10–11 December 2026. The IIBF AML/KYC study guide has 3 sections and about 1,278 words.
01Know Your Customer (KYC)
This section covers the Know Your Customer (KYC) domain of the IIBF AML/KYC examination. The paper tests practical application of the RBI Master Direction on KYC (2016, as amended), the Prevention of Money Laundering Act (PMLA) record rules and FATF customer due diligence standards: who must be identified, how identity and beneficial ownership are verified, how customers are risk-rated, and when enhanced due diligence (EDD) is mandatory.
446 words, about 2 min02Anti Money Laundering (AML)
This section covers the Anti-Money Laundering (AML) domain. The exam tests the reporting and record-keeping obligations of reporting entities under the PMLA 2002 and the PMLA (Maintenance of Records) Rules, the role of FIU-IND, the placement-layering-integration model, and typologies such as structuring, mule accounts and trade-based laundering.
416 words, about 2 min03Combating Financing of Terrorism (CFT)
This section covers Combating Financing of Terrorism (CFT). The exam tests India's targeted financial sanctions framework under the UNSC resolutions and the Unlawful Activities (Prevention) Act (UAPA) 1967, the FATF Recommendations on terrorist financing, and the differences between terrorist financing and money laundering.
416 words, about 2 min