Quiz III

NICOP stands for:

Which of the document would not be considered as valid to open bank account of a Pakistani national?

Which is an example of a low risk account?

Which factor shall be considered to analyze data pertaining to high risk customers?

Before opening an account, does a bank need to identify credentials of the customer from the bank where he/she is already maintaining his/her bank account (if any) ?

Does "Visit Report" for Sole Proprietor can be avoided if the customer is a familiar person of the Branch Manager?

The expense incurred on VERIFICATION of customer's identity through NADRA is borne by:

If one or more natural persons are acting on behalf of a customer then:

While establishing a relationship with the PEP (Politically Exposed Persons); the bank shall obtain prior approval of :

In case the CNIC does not contain a photograph, in addition to other account opening documents, the branches shall obtain any of these :

POC means:

Probate' is _________ copy of the WILL.

Which of these documents can be obtained for identification process?

Verification of address through visit by a bank official is compulsory for opening the account of:

Visit Report is to be approved by:

CDD processes consists of:

In case of expired CNIC, account may be opened on the basis of attested copies of NADRA receipt/token and expired CNIC subject to condition that branches shall obtain copy of renewed CNIC of such customer within:

For reactivation of Dormant or In-operative accounts, copy of CNIC:

For Accounts which were opened with valid CNICs and subsequently expired during the course of customer relationship:

An _______ account is a special type of account whereby money, (securities etc.) are entrusted to, deposited with or kept in the custody of a neutral third party (e.g. A bank) to be delivered to or distributed amongst the parties on fulfillment of certain conditions or performance of some obligations as specified in an agreement between the parties.

An Escrow Account is a ______ account

For existing customers who opened accounts with old NICs and have not yet provided the CNIC/SNIC/NICOP:

For opening a High Risk account, branches are required to conduct ______ before its approval from the Competent Authority.

Apply Customer Due Diligence (CDD) measures including identifying, verifying the identity of customers when:

ODD review of High Risk account, will be conducted after_____months.

Visit Report is required to verify physical existence in case of establishing banking relationship with categories like:

For address verification, on which address of customer, Letter of Thanks is sent ?

Letter of Thank provides an evidence for

Cheque is a request to the drawee bank for payment of money.

Cheque Book should not be issued to the customer until:

Which of the following is mandatory document to open account of the Sole-Proprietor?

As per new AML/CFT regulations, the minimum set of documents required for the opening of a minor account would be:

To open an individual account of foreign national a banker must obtain:

Which document is not a necessary requirement for opening account of a private limited company?

Which of following documents is used for particulars of directors & officers including chief executive, secretary, Auditors and legal advisors or of any change there in;

As per BPRD Circular letter No. 29 of 2017 which document is alternative of SECP Form 29:

As per SBP Circular No. 11 of 2015 which type of account can be opened in ASAAN Account Category?

Asaan Account can only be opened in :

Customer Name screening through Compliance Link is a:

Name Screening of Walk-in-customer /occasional customer obtaining any remittance instrument including home remittance payment over the counter;

Name Screening of accounts in case Beneficial Owners / Fund Provider/ authorized signatories/ Trustees / mandate holder;

ATA stands for

Please choose the correct statement;

List of 4th Schedule of ATA 1997 includes name of terrorist Individual person only.

List of 1st Schedule of ATA 1997 includes name of terrorist entities.

While opening an account of a prospective customer, if the true match is identified in 1st schedule of ATA;

While opening an account of a prospective customer, if the true match is identified in UNSC/OFAC list;

While opening an account of a prospective customer, if the true match is identified in UNSC/OFAC list;

Banking facility of what so ever nature including loan facility or locker facility etc is totally prohibited for individual /entity listed under 1st /4th Schedule/UNSC/OFAC.

While conducting name screening of customer for opening of account or providing any banking services, if any true match is found in Negative list/ 1st schedule/4th schedule/SECP/UNSC/OFAC, account shall not be opened and same shall be immediately reported to;

While conducting name screening of customer for opening of account or providing any banking services, if any true match is found in Negative list/ 1st schedule/4th schedule/SECP/UNSC/OFAC, account shall not be opened and same shall be immediately reported to;

While name screening / searching, if any existing account of individual /entity under 1st /4th Schedule/UNSC/OFAC is identified, account will be freezed immediately and reported to SBP/FMU.

Accounts freezed under 1st /4th Schedule ATA, UNSC/OFAC cannot not be de-freezed / activated until or unless authorized by the SBP/NACTA including prior approval of C&ICD.

Accounts freezed under 1st /4th Schedule ATA, UNSC/OFAC cannot not be de-freezed / activated until or unless authorized by the SBP/NACTA including prior approval of C&ICD.

Accounts freezed under 1st /4th Schedule ATA, UNSC/OFAC cannot not be closed.

Services charges/ATM/SMS charges/rental recovery or any other debit transaction in accounts freezed under 1st /4th Schedule ATA, UNSC/OFAC, is totally prohibited.

Name screening of prospective customer / walk-in-customer is now personal responsibility of the concerned officer. No account of proscribed individual / entity shall be opened nor any services to be provided to these customers, any non-compliance to this fact shall attract a penalty of :

Which lists are used by Branches for screening their customer before opening of an account:

Bank has implemented______ solution for screening prospective customer, vendor and employee information.

While conducting customer screening if name of the customer appears in OFAC or UN list:

Customer screening is conducted of the entity and each executive body member/signatory through Accuity Compliance Link as per Misc. instructions Circular No:

If 'True match' is found in the GWL (Global Watch List) or 4th Schedule ATA:

If name/identity has 'True Match' in PEP & NAB list screening, account shall only be opened after:

UNSC stands for:

PEP accounts cannot be opened without conducting:

If a customer's beneficial owner is a PEP or subsequently becomes a PEP, it is banker's responsibility to conduct:

In case of NGOs/NPOs/ Charities accounts, it is compulsory to:

ODD review of a Medium Risk account, will be conducted after_____months.

If 'True match' is found in the GWL (Global Watch List) or 4th Schedule ATA:

If name/identity has 'True Match' in PEP & NAB list screening, account shall only be opened after: