IIBF AML/KYC study plan

Define KYC in your own words and distinguish the CDD, EDD and SDD tiers with one worked example each

Map the four customer identification elements (identity, address, activity profile, beneficial ownership) to the documents Indian banks typically accept

Explain the Customer Acceptance Policy and list five categories of customer your institution would place in higher risk

Draft a one-page note on why KYC is a supervisory obligation and not just a form-filling exercise

Sequence the customer lifecycle from onboarding through periodic review to exit, naming the control at each stage

Apply the risk-based approach to assign low, medium and high ratings to three hypothetical customers and justify each rating

Explain beneficial ownership identification for a company, a trust and a partnership, including the 25 percent threshold concept

Identify red flags in a customer profile that should trigger enhanced due diligence

Define money laundering and trace the three classic stages with a concrete example at each stage

Summarise the core obligations under the Prevention of Money Laundering Act framework: reporting, recordkeeping and customer due diligence

List the main report types a bank files to FIU-IND and state what triggers each

Explain the roles of the compliance officer, the designated director and the frontline staff in the AML programme

Distinguish suspicious transaction reports from cash transaction reports and cross-border wire transfer reports by threshold, trigger and timeline

Walk through a suspicious activity scenario from alert generation to STR filing and describe the decision points

Explain tipping-off prohibitions and how they constrain internal communication during an investigation

Describe how transaction monitoring rules are tuned and why false positives matter

Define terrorism financing and contrast its funding sources and amounts with classic money laundering

Explain the roles of FATF, the UN Security Council sanctions regimes and the domestic freezing and seizure powers

Describe targeted financial sanctions screening: what lists are screened, when screening runs and what happens on a hit

Identify CFT red flags in trade finance, remittances and non-profit organisation accounts

Reconcile KYC and AML duties by showing where customer due diligence feeds transaction monitoring and reporting

Explain record retention periods and how records must be produced to supervisors and investigators

Work through three case studies where weak KYC directly enabled laundering and name the missed control

Draft the questions you would ask in a customer review interview to test source of funds and source of wealth

Explain how STRs support CFT investigations and what distinguishes a TF-related STR from a predicate-offence STR

Describe the mutual evaluation and national risk assessment process and what it means for your institution's inspection readiness

Summarise penalties and enforcement outcomes for AML and CFT failures and the conduct that attracts them

Identify the governance artefacts an inspector would request and where your institution keeps them

Consolidate all three domains into a one-page concept map linking KYC, AML and CFT controls

Complete a timed 60-question mock test and review every wrong answer to its source concept

Recite the key thresholds, timelines and definitions from memory without notes

Write a personal list of your five weakest topics and a revision action for each