Iibf Kyc Aml Exam Date 2021: All You Need To Know
As the world continues to fight against money laundering and terrorism financing, financial institutions are increasingly seeking to enhance their Know Your Customer (KYC) and Anti-Money Laundering (AML) programs. The Indian Institute of Banking and Finance (IIBF) has been at the forefront of providing training and certification in these areas. In this article, we will discuss the IIBF KYC AML exam date for 2021 and everything else you need to know about it.
What is the IIBF KYC AML Exam?
The IIBF KYC AML exam is a certification program designed to equip professionals with the necessary skills and knowledge to effectively implement KYC and AML processes in their organizations. The program consists of three levels:
Level 1: Certified KYC Compliance Officer
This level covers the basics of KYC and AML compliance, including the regulatory environment, risk management, and customer due diligence.
Level 2: Certified AML Professional
This level focuses on advanced topics such as transaction monitoring, suspicious activity reporting, and sanctions screening.
Level 3: Certified AML Specialist
This level is designed for experienced AML professionals and covers topics such as AML investigations, forensic accounting, and international AML regulations.
When is the IIBF KYC AML Exam Date for 2021?
The IIBF KYC AML exam is typically held twice a year, in June and December. However, due to the COVID-19 pandemic, the exam schedule for 2021 has been revised. The June 2021 exam has been postponed, and the new exam date is yet to be announced.
According to the IIBF website, the December 2021 exam is tentatively scheduled for Sunday, 12th December 2021. However, this date is subject to change depending on the prevailing situation at the time.
How to Apply for the IIBF KYC AML Exam?
To apply for the IIBF KYC AML exam, you must first register as a member of the IIBF. The registration process is simple and can be completed online. Once you are a member, you can apply for the exam through the IIBF website.
The application fee for each level of the exam is Rs. 2,000 for members and Rs. 3,000 for non-members. The fee is non-refundable and must be paid online at the time of application.
What is the Exam Format?
The exam is conducted online and consists of multiple-choice questions. The duration of the exam varies depending on the level:
- Level 1: 2 hours
- Level 2: 2.5 hours
- Level 3: 3 hours
The passing marks for each level are 50%, and the results are declared within a few weeks of the exam.
Why Should You Take the IIBF KYC AML Exam?
The IIBF KYC AML certification is recognized by banks and financial institutions across India and is a valuable addition to your professional credentials. It demonstrates your expertise in KYC and AML compliance and increases your chances of career advancement. Additionally, the knowledge gained through the certification program can help you better protect your organization from financial crimes.
Conclusion
The IIBF KYC AML exam is an important certification program for professionals working in the financial services industry. It equips you with the necessary skills and knowledge to implement effective KYC and AML processes in your organization. While the June 2021 exam has been postponed, the December 2021 exam is tentatively scheduled for Sunday, 12th December 2021. If you are interested in taking the exam, be sure to register as a member of the IIBF and apply online. Good luck!
Disclaimer: This article is for informational purposes only and does not constitute professional advice. Please consult a qualified professional for advice on KYC and AML compliance.
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