KYC

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Across
  1. 4. Last of the four steps recommended in RBI guidelines for KYC is ____ management
  2. 7. Banks should pay special ____ to complex, unusually large transactions and all unusual patterns which have no apparent economic or visible lawful purpose
  3. 9. 2nd of the four steps recommended in RBI guidelines for KYC is Customer ____ Procedures
  4. 13. Money ____ generally refers to ‘washing’ the proceeds or profits generated from criminal activities such as drug trafficking, smuggling, corruption etc
  5. 15. 1st of the four steps recommended in RBI guidelines for KYC is Customer ____ Policy
  6. 16. Customer Acceptance Policy refers to performing due ____ with background checks to ensure that customer/entity is using their real name and not involved in terrorism or other illegal activities.
  7. 17. RBI defines KYC as a customer identification process that involves making reasonable efforts to determine the true identity and beneficial ____
Down
  1. 1. KYC means Know-Your-____
  2. 2. Risk ____ refer to an effective KYC program put in place by establishing appropriate procedures and ensuring their effective implementation
  3. 3. KYC will also be carried out at when there are changes to____, mandate holders, beneficial owners etc
  4. 5. Customer Identification Procedure means to identify and verify all customers’ identities and purposes to the bank’s ____.
  5. 6. 3rd of the four steps recommended in RBI guidelines for KYC is ____ transactions
  6. 8. Robust KYC ____are relevant to the safety and soundness of banks because they help protect the integrity of the banking system
  7. 9. ____ theft is a form of stealing someone's identity, usually as a method to gain access to bank credit and other benefits in that person's name
  8. 10. Banks must ensure robust KYC compliance and readiness through measures such as staff and management ____ as well as Customer education
  9. 11. A bank’s practice of gathering relevant information from its customers for the purpose of doing business with them is called ____
  10. 12. Following good KYC processes reduce the likelihood of a bank becoming the victim/vehicle of ____ crime
  11. 14. ____ financing refers to the money used to fund terrorist activities which moves through the global financial system
  12. 17. KYC will be carried out at during ____ of a new account