{"id":100358,"date":"2026-08-19T18:20:14","date_gmt":"2026-08-19T12:50:14","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=100358"},"modified":"2026-08-19T18:20:17","modified_gmt":"2026-08-19T12:50:17","slug":"kyc-aml-cft-norms-for-jaiib","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/","title":{"rendered":"What is CFT Under AML\/KYC Regulations? Take the Free Quiz"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#Download_the_Free_CFT_AML_KYC_PDF\" >Download the Free CFT, AML &amp; KYC PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#Attempt_the_CFT_AML_KYC_Practice_Quiz\" >Attempt the CFT, AML &amp; KYC Practice Quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_is_CFT_under_KYCAML_regulations\" >What is CFT under KYC\/AML regulations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#Why_is_CFT_important_under_KYC_and_AML\" >Why is CFT important under KYC and AML?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_is_the_difference_between_AML_and_CFT\" >What is the difference between AML and CFT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#How_does_KYC_help_in_CFT_compliance\" >How does KYC help in CFT compliance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_are_the_main_steps_in_the_CFT_process\" >What are the main steps in the CFT process?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_are_the_key_components_of_CFT_compliance\" >What are the key components of CFT compliance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_are_the_CFT_regulations_in_India\" >What are the CFT regulations in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_is_the_role_of_the_RBI_in_CFT_compliance\" >What is the role of the RBI in CFT compliance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_is_the_role_of_PMLA_in_CFT\" >What is the role of PMLA in CFT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_are_the_PML_Rules_and_how_do_they_support_CFT\" >What are the PML Rules and how do they support CFT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_is_the_role_of_UAPA_Section_51A_in_CFT\" >What is the role of UAPA Section 51A in CFT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_is_the_role_of_FIU-IND_in_CFT\" >What is the role of FIU-IND in CFT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_are_the_common_CFT_red_flags\" >What are the common CFT red flags?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#Can_terrorist_financing_involve_legitimate_money\" >Can terrorist financing involve legitimate money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_is_Enhanced_Due_Diligence_in_CFT\" >What is Enhanced Due Diligence in CFT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#Why_is_beneficial_ownership_important_in_CFT\" >Why is beneficial ownership important in CFT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#How_does_CFT_apply_to_virtual_digital_assets\" >How does CFT apply to virtual digital assets?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_is_the_difference_between_KYC_AML_and_CFT\" >What is the difference between KYC, AML and CFT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_is_the_role_of_FATF_in_CFT\" >What is the role of FATF in CFT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#What_are_the_key_CFT_terms_to_remember\" >What are the key CFT terms to remember?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>CFT, or <strong>Countering the Financing of Terrorism<\/strong>, is an important part of the KYC and AML framework followed by banks and other regulated financial entities. It focuses on preventing financial resources from being collected, transferred, or made available for terrorist activities or designated individuals and organisations. In India, CFT compliance is supported by the Prevention of Money Laundering Act (PMLA), PML Rules, RBI KYC Directions, UAPA, FIU-IND requirements, and FATF standards.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-download-the-free-cft-aml-amp-kyc-pdf\"><span class=\"ez-toc-section\" id=\"Download_the_Free_CFT_AML_KYC_PDF\"><\/span>Download the Free CFT, AML &amp; KYC PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Revise the key concepts, regulations, processes, and important terms with the help of the PDF. It covers topics such as CFT meaning, KYC, AML, CDD, sanctions screening, transaction monitoring, and STR reporting. It can help candidates quickly revise the topic before exams or interviews. The direct link to download the PDF is provided below.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>Download CFT AMK KYC Free PDF<\/td><td><strong><a href=\"https:\/\/www.oliveboard.in\/aml-kyc-prep-kit\/?ref=contac-nai-reg-iibfaml-kyc\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/strong><\/td><\/tr><tr><td>Download CFT AML KYC Practice Quiz PDF<\/td><td><strong><a href=\"https:\/\/www.oliveboard.in\/aml-kyc-prep-kit\/?ref=contac-nai-reg-iibfaml-kyc\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Attempt_the_CFT_AML_KYC_Practice_Quiz\"><\/span>Attempt the CFT, AML &amp; KYC Practice Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Test your understanding of CFT, AML and KYC concepts with the free practice quiz. The quiz covers important areas such as CFT regulations, KYC procedures, AML measures, sanctions screening and suspicious transaction reporting. <\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> CFT Under AML\/KYC Practice Quiz <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. What does CFT most commonly stand for in the AML\/KYC context?<\/p>\n  <button data-correct=\"true\">Countering the Financing of Terrorism<\/button>\n  <button data-correct=\"false\">Customer Funds Tracking<\/button>\n  <button data-correct=\"false\">Central Financial Testing<\/button>\n  <button data-correct=\"false\">Compliance Framework for Transactions<\/button>\n  <button data-correct=\"false\">Cross-border Funds Transfer<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. Which statement best describes the relationship between KYC and CFT?<\/p>\n  <button data-correct=\"false\">KYC applies only after a suspicious transaction is reported<\/button>\n  <button data-correct=\"true\">KYC provides customer and ownership information that supports CFT risk detection and controls<\/button>\n  <button data-correct=\"false\">CFT replaces the need for KYC<\/button>\n  <button data-correct=\"false\">KYC is relevant only to tax compliance<\/button>\n  <button data-correct=\"false\">KYC is limited to checking transaction amounts<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. A key difference between money laundering and terrorist financing is that terrorist financing:<\/p>\n  <button data-correct=\"false\">Always involves cash<\/button>\n  <button data-correct=\"false\">Can occur only across national borders<\/button>\n  <button data-correct=\"true\">May involve funds derived from lawful as well as unlawful sources<\/button>\n  <button data-correct=\"false\">Requires a large transaction value<\/button>\n  <button data-correct=\"false\">Is relevant only to charities<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. Which international body sets widely adopted global standards for AML, CFT and proliferation financing?<\/p>\n  <button data-correct=\"false\">World Trade Organization<\/button>\n  <button data-correct=\"false\">International Labour Organization<\/button>\n  <button data-correct=\"false\">World Customs Organization<\/button>\n  <button data-correct=\"true\">Financial Action Task Force (FATF)<\/button>\n  <button data-correct=\"false\">Bank for International Settlements only<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. Which control most directly helps identify whether a customer or connected party is a designated terrorist or sanctioned person?<\/p>\n  <button data-correct=\"false\">Credit scoring<\/button>\n  <button data-correct=\"false\">Interest-rate benchmarking<\/button>\n  <button data-correct=\"false\">Tax deduction<\/button>\n  <button data-correct=\"false\">Customer satisfaction survey<\/button>\n  <button data-correct=\"true\">Sanctions and designation-list screening<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. Under a risk-based AML\/CFT approach, institutions should primarily:<\/p>\n  <button data-correct=\"true\">Identify and assess risk, then apply controls proportionate to that risk<\/button>\n  <button data-correct=\"false\">Apply exactly the same controls to every customer regardless of risk<\/button>\n  <button data-correct=\"false\">Avoid documenting risk assessments<\/button>\n  <button data-correct=\"false\">Monitor only customers with large balances<\/button>\n  <button data-correct=\"false\">Rely solely on customer self-declarations<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. Which of the following is a core purpose of Customer Due Diligence (CDD)?<\/p>\n  <button data-correct=\"false\">Determining a customer&#8217;s credit limit only<\/button>\n  <button data-correct=\"true\">Identifying and verifying the customer and, where applicable, the beneficial owner<\/button>\n  <button data-correct=\"false\">Setting the institution&#8217;s marketing strategy<\/button>\n  <button data-correct=\"false\">Calculating branch profitability<\/button>\n  <button data-correct=\"false\">Approving employee leave<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. Why is beneficial ownership important in CFT compliance?<\/p>\n  <button data-correct=\"false\">It determines the customer&#8217;s preferred communication channel<\/button>\n  <button data-correct=\"false\">It replaces transaction monitoring<\/button>\n  <button data-correct=\"true\">It helps identify the natural person who ultimately owns or controls a customer or arrangement<\/button>\n  <button data-correct=\"false\">It is used only for calculating tax<\/button>\n  <button data-correct=\"false\">It applies only when a customer is a minor<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. Which activity is most closely associated with ongoing due diligence?<\/p>\n  <button data-correct=\"false\">Designing a bank logo<\/button>\n  <button data-correct=\"false\">Setting ATM withdrawal fees<\/button>\n  <button data-correct=\"false\">Opening an account without identification<\/button>\n  <button data-correct=\"true\">Reviewing transactions and customer information over the life of the relationship<\/button>\n  <button data-correct=\"false\">Issuing employee identity cards<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. Which statement about transaction size and terrorist-financing risk is correct?<\/p>\n  <button data-correct=\"false\">Only transactions above a fixed large amount can be suspicious<\/button>\n  <button data-correct=\"false\">Small transactions can never be relevant to CFT<\/button>\n  <button data-correct=\"false\">Transaction size is the only factor that matters<\/button>\n  <button data-correct=\"false\">Every international transfer is terrorist financing<\/button>\n  <button data-correct=\"true\">Even relatively small transactions may be suspicious when their pattern, destination, purpose or counterparties raise concern<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. What is an STR in AML\/CFT compliance?<\/p>\n  <button data-correct=\"true\">Suspicious Transaction Report<\/button>\n  <button data-correct=\"false\">Standard Tax Return<\/button>\n  <button data-correct=\"false\">Sanctions Tracking Register<\/button>\n  <button data-correct=\"false\">Source-of-Trade Record<\/button>\n  <button data-correct=\"false\">Scheduled Transfer Request<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. In India, which authority receives prescribed suspicious transaction reports from reporting entities under the PML framework?<\/p>\n  <button data-correct=\"false\">Competition Commission of India<\/button>\n  <button data-correct=\"true\">Financial Intelligence Unit &#8211; India (FIU-IND)<\/button>\n  <button data-correct=\"false\">Election Commission of India<\/button>\n  <button data-correct=\"false\">NITI Aayog<\/button>\n  <button data-correct=\"false\">Goods and Services Tax Council<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. Which Indian law provides the principal statutory framework for prevention of money laundering and obligations of reporting entities?<\/p>\n  <button data-correct=\"false\">Companies Act, 2013<\/button>\n  <button data-correct=\"false\">Foreign Trade (Development and Regulation) Act, 1992<\/button>\n  <button data-correct=\"true\">Prevention of Money Laundering Act, 2002 (PMLA)<\/button>\n  <button data-correct=\"false\">Negotiable Instruments Act, 1881<\/button>\n  <button data-correct=\"false\">Consumer Protection Act, 2019<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. For RBI-regulated entities, which instrument contains major KYC\/AML\/CFT requirements?<\/p>\n  <button data-correct=\"false\">RBI Monetary Policy Report<\/button>\n  <button data-correct=\"false\">RBI Ombudsman Annual Report<\/button>\n  <button data-correct=\"false\">Banking Codes and Standards Board guidelines<\/button>\n  <button data-correct=\"true\">RBI Master Direction &#8211; Know Your Customer (KYC) Direction, 2016<\/button>\n  <button data-correct=\"false\">Foreign Exchange Dealers&#8217; Association handbook<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. Which Indian law is especially important to targeted financial measures against terrorism, including Section 51A?<\/p>\n  <button data-correct=\"false\">Indian Contract Act, 1872<\/button>\n  <button data-correct=\"false\">Payment and Settlement Systems Act, 2007<\/button>\n  <button data-correct=\"false\">Insolvency and Bankruptcy Code, 2016<\/button>\n  <button data-correct=\"false\">Securities Contracts (Regulation) Act, 1956<\/button>\n  <button data-correct=\"true\">Unlawful Activities (Prevention) Act, 1967 (UAPA)<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. Which FATF Recommendation addresses criminalisation of terrorist financing?<\/p>\n  <button data-correct=\"true\">Recommendation 5<\/button>\n  <button data-correct=\"false\">Recommendation 1<\/button>\n  <button data-correct=\"false\">Recommendation 10<\/button>\n  <button data-correct=\"false\">Recommendation 20<\/button>\n  <button data-correct=\"false\">Recommendation 24<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. Which FATF Recommendation addresses targeted financial sanctions related to terrorism and terrorist financing?<\/p>\n  <button data-correct=\"false\">Recommendation 8<\/button>\n  <button data-correct=\"true\">Recommendation 6<\/button>\n  <button data-correct=\"false\">Recommendation 12<\/button>\n  <button data-correct=\"false\">Recommendation 15<\/button>\n  <button data-correct=\"false\">Recommendation 32<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. Under FATF standards, which statement about non-profit organisations (NPOs) is most accurate?<\/p>\n  <button data-correct=\"false\">All NPOs must automatically be treated as terrorist-financing entities<\/button>\n  <button data-correct=\"false\">NPOs are outside AML\/CFT considerations<\/button>\n  <button data-correct=\"true\">Measures should focus on the subset of NPOs that may be vulnerable to terrorist-financing abuse and should be risk-based and proportionate<\/button>\n  <button data-correct=\"false\">Every NPO transaction must be frozen<\/button>\n  <button data-correct=\"false\">NPOs may never receive cross-border donations<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. What is the main purpose of enhanced due diligence (EDD)?<\/p>\n  <button data-correct=\"false\">To simplify checks for all customers<\/button>\n  <button data-correct=\"false\">To eliminate the need for monitoring<\/button>\n  <button data-correct=\"false\">To replace beneficial-ownership checks<\/button>\n  <button data-correct=\"true\">To apply additional scrutiny and controls where risk is higher<\/button>\n  <button data-correct=\"false\">To guarantee that a customer is risk-free<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. Which practice would most clearly create a &#8216;tipping-off&#8217; concern?<\/p>\n  <button data-correct=\"false\">Updating a customer&#8217;s address<\/button>\n  <button data-correct=\"false\">Reviewing a sanctions alert internally<\/button>\n  <button data-correct=\"false\">Requesting routine KYC information<\/button>\n  <button data-correct=\"false\">Escalating an alert to the compliance team<\/button>\n  <button data-correct=\"true\">Informing a customer that an STR has been or may be filed in a way that could prejudice an investigation<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437394_8652&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437394_8652\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 44px; width: 204px; border: 0px; margin: -2px -10px;\"><\/iframe><\/div><\/div>\n                   <\/div>\n                   <h6 class=\"signup-subheader\">Or, register with email<\/h6>\n                   <label class=\"errormsg txt-red courseUp\"><\/label>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                        <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-uemail\" required=\"\">\n                        <span class=\"floating-label\" style=\"top: 19px; font-size: 12px;\">Email Id<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mobile-black.svg\" alt=\"\"><\/span>\n                        <input type=\"text\" maxlength=\"10\" name=\"monum\" class=\"formcontrol ob-inputfield\" id=\"course-uphone\" required=\"\">\n                        <span class=\"floating-label\">Mobile Number<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                        <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-upassword\" required=\"\">\n                        <span class=\"floating-label\">Password<\/span>\n            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src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                                <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-password\" required=\"\">\n                                <span class=\"floating-label\">Password<\/span>\n                           <\/div>\n                           <div style=\"display:none\" id=\"img-oblcaptcha\" class=\"captcha-img-blk\">\n                           <\/div>\n                           <div style=\"display:none\" class=\"formcontrol-group captcha-input-blk\">\n                                <input type=\"text\" name=\"pwd1\" value=\"1\" class=\"formcontrol ob-inputfield\" id=\"lcaptcha-code\" required=\"\">\n                                <span class=\"floating-label\">Enter text you see in the image<\/span>\n                           <\/div>\n                       <\/div><!-- pass and captcha -->\n                       \n                       <div class=\"btn-forgotpwd-group\"><button id=\"btn-forgotpwd\" class=\"btn btn-forgotpwd\">Forgot Password?<\/button><\/div>\n                       <button type=\"button\" id=\"coursein1\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseInValidation1()\">Next<\/button>\n                       <button type=\"button\" id=\"coursein\" class=\"btn btn-md btn-tblue btn-obls coursein\" onclick=\"courseInValidation('https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common')\">Submit<\/button>\n                       <form method=\"post\" action=\"https:\/\/login.oliveboard.in\/login\/next.php\" id=\"snf1\">\n                        <input type=\"hidden\" name=\"email\" value=\"\" id=\"lemailnext\">\n                        <\/form>\n                   <\/div><!-- end login group -->\n                   <div id=\"forgotpwd-group-abc\" class=\"lfp-group-abc forgotpwd-group-abc\"><!-- start forgotpwd group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Forgot_Password\"><\/span>Forgot Password<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <p class=\"secintro-txt\">Please enter the Email ID we will send you a Email with the link to reset the password.<\/p>\n                       <label class=\"errormsg txt-red rePassMsg\"><\/label>\n                       <div class=\"formcontrol-group formcontrol-group-fp\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"remail\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginas-group loginas-group1\">\n                            <button type=\"button\" id=\"btn-fpwd-cancel\" class=\"btn btn-md btn-white btn-cancel btn-fpwd-cancel\">Cancel<\/button>\n                            <button type=\"button\" id=\"lreset\" class=\"btn btn-md btn-tblue btn-fpwd-submit\" onclick=\"resetPassword()\">Submit<\/button>\n                       <\/div>\n                    <\/div><!-- end forgotpwd group --> \n                   <h6 class=\"login-subheader\">Or, login with<\/h6>\n                   <div class=\"loginas-group loginas-group2 loginas-group-single\">\n\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><div tabindex=\"0\" role=\"button\" aria-labelledby=\"button-label\" class=\"nsm7Bb-HzV7m-LgbsSe  hJDwNd-SxQuSe i5vt6e-Ia7Qfc uaxL4e-RbRzK\"><div class=\"nsm7Bb-HzV7m-LgbsSe-MJoBVe\"><\/div><div class=\"nsm7Bb-HzV7m-LgbsSe-bN97Pc-sM5MNb \"><div class=\"nsm7Bb-HzV7m-LgbsSe-Bz112c\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 48 48\" class=\"LgbsSe-Bz112c\"><g><path fill=\"#EA4335\" d=\"M24 9.5c3.54 0 6.71 1.22 9.21 3.6l6.85-6.85C35.9 2.38 30.47 0 24 0 14.62 0 6.51 5.38 2.56 13.22l7.98 6.19C12.43 13.72 17.74 9.5 24 9.5z\"><\/path><path fill=\"#4285F4\" d=\"M46.98 24.55c0-1.57-.15-3.09-.38-4.55H24v9.02h12.94c-.58 2.96-2.26 5.48-4.78 7.18l7.73 6c4.51-4.18 7.09-10.36 7.09-17.65z\"><\/path><path fill=\"#FBBC05\" d=\"M10.53 28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? 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It includes the laws, procedures and financial controls used to prevent funds or other economic resources from reaching terrorists or being used for terrorist purposes. <\/p>\n\n\n\n<p>CFT works closely with <a href=\"https:\/\/www.oliveboard.in\/aml-kyc-registration\/?ref=contac-nai-reg-amlkyc\" target=\"_blank\" rel=\"noreferrer noopener\">KYC and AML <\/a>because financial institutions need reliable customer information to identify unusual activity and assess financial crime risks. The framework includes customer due diligence, beneficial-owner identification, sanctions screening, transaction monitoring and suspicious transaction reporting.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-cft-important-under-kyc-and-aml\"><span class=\"ez-toc-section\" id=\"Why_is_CFT_important_under_KYC_and_AML\"><\/span>Why is CFT important under KYC and AML?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Financial institutions can be misused to move money for terrorist activities, sometimes through transactions that appear normal on the surface. CFT controls help institutions identify customers, understand their expected financial activity and check whether transactions match their known profile. They also help identify links with designated persons, unusual fund movements and high-risk relationships. RBI&#8217;s KYC framework treats AML\/CFT controls as an important part of preventing banks and other regulated entities from being misused for financial crime.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Area<\/th><th>Why it matters<\/th><\/tr><tr><td>Preventing terrorist financing<\/td><td>Helps stop funds from reaching terrorists or terrorist organisations<\/td><\/tr><tr><td>Financial security<\/td><td>Reduces misuse of banks and financial services<\/td><\/tr><tr><td>Customer identification<\/td><td>Helps establish who is using the financial system<\/td><\/tr><tr><td>Sanctions compliance<\/td><td>Helps identify designated persons and entities<\/td><\/tr><tr><td>Transaction monitoring<\/td><td>Helps detect unusual financial activity<\/td><\/tr><tr><td>Regulatory compliance<\/td><td>Supports compliance with Indian AML\/CFT requirements<\/td><\/tr><tr><td>Financial intelligence<\/td><td>Helps authorities identify and investigate suspicious financial flows<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-difference-between-aml-and-cft\"><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_AML_and_CFT\"><\/span>What is the difference between AML and CFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>AML and CFT are closely connected, but they focus on different risks. <strong>Anti-Money Laundering (AML)<\/strong> mainly aims to prevent criminals from disguising or using the proceeds of crime as legitimate money. <strong>CFT<\/strong>, on the other hand, focuses on preventing funds or economic resources from being used to support terrorism. A major difference is that terrorist financing can involve money from both legal and illegal sources, so CFT cannot rely only on finding criminal proceeds.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Basis<\/td><td><strong>AML<\/strong><\/td><td><strong>CFT<\/strong><\/td><\/tr><tr><td>Full form<\/td><td>Anti-Money Laundering<\/td><td>Countering\/Combating the Financing of Terrorism<\/td><\/tr><tr><td>Main objective<\/td><td>Prevent laundering of proceeds of crime<\/td><td>Prevent financing of terrorism<\/td><\/tr><tr><td>Source of funds<\/td><td>Usually linked to criminal activity<\/td><td>May be legal or illegal<\/td><\/tr><tr><td>Main question<\/td><td>Where did the money come from?<\/td><td>Where is the money going and why?<\/td><\/tr><tr><td>Key risks<\/td><td>Fraud, corruption, trafficking, organised crime and other offences<\/td><td>Terrorists, terrorist organisations and their facilitators<\/td><\/tr><tr><td>Main controls<\/td><td>KYC, CDD, monitoring, source-of-funds checks and STRs<\/td><td>KYC, CDD, sanctions screening, monitoring, freezing and reporting<\/td><\/tr><tr><td>International framework<\/td><td>FATF<\/td><td>FATF<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-kyc-help-in-cft-compliance\"><span class=\"ez-toc-section\" id=\"How_does_KYC_help_in_CFT_compliance\"><\/span>How does KYC help in CFT compliance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>KYC is one of the main preventive controls used in an AML\/CFT programme. A financial institution needs to know who its customer is, who ultimately owns or controls an entity, what activity is expected and whether actual transactions match that profile. This information allows the institution to identify changes in customer behaviour and potential terrorist-financing risks. RBI&#8217;s KYC framework includes customer acceptance, risk management, customer identification and transaction monitoring as key elements of KYC policy.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>KYC information used for CFT<\/strong>\n<ul class=\"wp-block-list\">\n<li>Customer name and identity<\/li>\n\n\n\n<li>Address and identification details<\/li>\n\n\n\n<li>Nature of business or occupation<\/li>\n\n\n\n<li>Expected account activity<\/li>\n\n\n\n<li>Beneficial-owner details<\/li>\n\n\n\n<li>Ownership and control structure<\/li>\n\n\n\n<li>Source and destination of funds, where required<\/li>\n\n\n\n<li>Geographic exposure<\/li>\n\n\n\n<li>Relevant sanctions or designation information<\/li>\n\n\n\n<li>Transaction history and behaviour<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/iibf-aml-kyc-certification-benefits\/?ref=contac-nai-reg-iibfaml-kyc\" target=\"_blank\" rel=\"noreferrer noopener\">Check all About AML KYC Certification<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-main-steps-in-the-cft-process\"><span class=\"ez-toc-section\" id=\"What_are_the_main_steps_in_the_CFT_process\"><\/span>What are the main steps in the CFT process?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>CFT compliance is not a single check performed when an account is opened. It is an ongoing process that begins with customer identification and continues through risk assessment, screening, transaction monitoring, investigation and regulatory reporting. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>CFT Process<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td><strong>Customer identification<\/strong><\/td><td>The institution establishes the customer&#8217;s identity and collects required details such as name, address, incorporation, ownership, and authorised-person information.<\/td><\/tr><tr><td><strong>Identity verification<\/strong><\/td><td>The collected information is verified using applicable documents, data, or processes to help prevent the use of false or fictitious identities.<\/td><\/tr><tr><td><strong>Beneficial ownership identification<\/strong><\/td><td>The institution identifies the person who ultimately owns or controls the relationship and understands the ownership or control structure.<\/td><\/tr><tr><td><strong>Customer risk assessment<\/strong><\/td><td>The institution assesses ML\/TF risk based on factors such as customer type, geography, products, services, delivery channels, and transaction behaviour.<\/td><\/tr><tr><td><strong>Sanctions and terrorist-list screening<\/strong><\/td><td>Customers and relevant connected parties are screened against applicable sanctions and designation lists, including beneficial owners, directors, partners, and authorised representatives where relevant.<\/td><\/tr><tr><td><strong>Transaction monitoring<\/strong><\/td><td>Transactions are monitored on an ongoing basis to check whether they match the customer&#8217;s known profile and expected activity. Unusual transactions may generate alerts.<\/td><\/tr><tr><td><strong>Investigation of alerts<\/strong><\/td><td>Compliance teams review the transaction, customer profile, counterparties, destination, source of funds, and other relevant information before deciding on further action.<\/td><\/tr><tr><td><strong>Suspicious Transaction Reporting<\/strong><\/td><td>Where activity meets the applicable suspicion threshold, the reporting entity may need to submit a Suspicious Transaction Report (STR) to FIU-IND as required under the applicable rules.<\/td><\/tr><tr><td><strong>Freezing or blocking where legally required<\/strong><\/td><td>Where a designated person or entity is involved, applicable legal or sanctions-related measures may require funds or economic resources to be frozen, blocked, or restricted.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-key-components-of-cft-compliance\"><span class=\"ez-toc-section\" id=\"What_are_the_key_components_of_CFT_compliance\"><\/span>What are the key components of CFT compliance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A strong CFT programme combines several controls instead of depending on one system. Customer information provides the foundation, while risk assessment and monitoring help identify changes in behaviour. Sanctions screening and regulatory reporting add further layers of protection. Together, these controls help financial institutions identify and manage terrorist-financing risks.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>CFT component<\/strong><\/td><td><strong>Purpose<\/strong><\/td><\/tr><tr><td>KYC<\/td><td>Establishes and verifies customer identity<\/td><\/tr><tr><td>CDD<\/td><td>Helps understand the customer and financial relationship<\/td><\/tr><tr><td>Beneficial ownership<\/td><td>Identifies the person who ultimately owns or controls an entity<\/td><\/tr><tr><td>Risk assessment<\/td><td>Determines the level and nature of ML\/TF risk<\/td><\/tr><tr><td>Sanctions screening<\/td><td>Identifies designated persons and entities<\/td><\/tr><tr><td>Transaction monitoring<\/td><td>Detects unusual or suspicious activity<\/td><\/tr><tr><td>EDD<\/td><td>Provides stronger checks for higher-risk relationships<\/td><\/tr><tr><td>STR reporting<\/td><td>Communicates qualifying suspicious activity to the competent authority<\/td><\/tr><tr><td>Recordkeeping<\/td><td>Allows transactions and customer relationships to be reconstructed<\/td><\/tr><tr><td>Freezing\/blocking<\/td><td>Prevents access to funds or resources where legally required<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-cft-regulations-in-india\"><span class=\"ez-toc-section\" id=\"What_are_the_CFT_regulations_in_India\"><\/span>What are the CFT regulations in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>India&#8217;s CFT framework is spread across several laws, rules, regulatory directions and institutional mechanisms. The PMLA and PML Rules provide the core AML reporting framework, while sectoral regulators such as RBI prescribe detailed KYC and AML\/CFT requirements for entities under their supervision. UAPA, particularly Section 51A, is important for measures concerning designated individuals and entities. FIU-IND receives and analyses prescribed financial intelligence.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Framework<\/strong><\/td><td><strong>Role in CFT<\/strong><\/td><\/tr><tr><td>Prevention of Money Laundering Act, 2002<\/td><td>Provides the main statutory AML framework and obligations for reporting entities<\/td><\/tr><tr><td>PML (Maintenance of Records) Rules, 2005<\/td><td>Provides detailed requirements for identification, records and reporting<\/td><\/tr><tr><td>RBI Master Direction \u2013 KYC Direction, 2016<\/td><td>Sets KYC\/AML\/CFT requirements for RBI-regulated entities<\/td><\/tr><tr><td>UAPA, 1967<\/td><td>Provides important legal measures relating to terrorist organisations and designated persons<\/td><\/tr><tr><td>Section 51A of UAPA<\/td><td>Supports measures relating to freezing, seizure or attachment of specified funds\/assets and restrictions on making resources available<\/td><\/tr><tr><td>FIU-IND framework<\/td><td>Supports receipt and analysis of prescribed financial intelligence<\/td><\/tr><tr><td>FATF Recommendations<\/td><td>Provides the international AML\/CFT standards<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-role-of-the-rbi-in-cft-compliance\"><span class=\"ez-toc-section\" id=\"What_is_the_role_of_the_RBI_in_CFT_compliance\"><\/span>What is the role of the RBI in CFT compliance?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>Reserve Bank of India (RBI)<\/strong> sets KYC and AML\/CFT requirements for entities under its regulatory framework. Its Master Direction \u2013 Know Your Customer (KYC) Direction, 2016 covers areas such as customer acceptance, risk management, customer identification, customer due diligence, beneficial ownership, ongoing due diligence, transaction monitoring and other AML\/CFT controls. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-role-of-pmla-in-cft\"><span class=\"ez-toc-section\" id=\"What_is_the_role_of_PMLA_in_CFT\"><\/span>What is the role of PMLA in CFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>Prevention of Money Laundering Act, 2002<\/strong> forms an important part of India&#8217;s AML\/CFT framework. It establishes obligations for reporting entities relating to customer identification, record maintenance and information reporting. Section 12 specifically deals with the obligation of reporting entities to maintain records, while Section 12AA provides for enhanced due diligence in specified situations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-pml-rules-and-how-do-they-support-cft\"><span class=\"ez-toc-section\" id=\"What_are_the_PML_Rules_and_how_do_they_support_CFT\"><\/span>What are the PML Rules and how do they support CFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>Prevention of Money-laundering (Maintenance of Records) Rules, 2005<\/strong> provide detailed requirements for reporting entities. They cover areas such as customer due diligence, recordkeeping and reporting. The rules also provide the framework for suspicious transaction reporting, including suspicious transactions that are not necessarily cash transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-role-of-uapa-section-51a-in-cft\"><span class=\"ez-toc-section\" id=\"What_is_the_role_of_UAPA_Section_51A_in_CFT\"><\/span>What is the role of UAPA Section 51A in CFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>Unlawful Activities (Prevention) Act, 1967 (UAPA)<\/strong> is particularly important for terrorist-financing controls. Section 51A provides the legal basis for measures concerning funds, financial assets and economic resources associated with specified designated persons and entities. These measures can include freezing, seizure or attachment and restrictions on making funds or economic resources available to designated parties.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Section 51A-related CFT measures<\/strong>\n<ul class=\"wp-block-list\">\n<li>Identification of designated persons\/entities<\/li>\n\n\n\n<li>Screening against applicable lists<\/li>\n\n\n\n<li>Freezing of relevant funds or assets where required<\/li>\n\n\n\n<li>Restrictions on making funds\/resources available<\/li>\n\n\n\n<li>Reporting and compliance with applicable government directions<\/li>\n\n\n\n<li>Coordination with competent authorities<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-role-of-fiu-ind-in-cft\"><span class=\"ez-toc-section\" id=\"What_is_the_role_of_FIU-IND_in_CFT\"><\/span>What is the role of FIU-IND in CFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>Financial Intelligence Unit \u2013 India (FIU-IND)<\/strong> plays a central role in India&#8217;s financial-intelligence system. Reporting entities submit prescribed reports and financial information to FIU-IND, which receives, processes and analyses the information and can disseminate relevant intelligence to appropriate agencies. This helps support the detection and investigation of money laundering, terrorist financing and related financial crime.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-common-cft-red-flags\"><span class=\"ez-toc-section\" id=\"What_are_the_common_CFT_red_flags\"><\/span>What are the common CFT red flags?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A red flag does not by itself prove terrorist financing. It indicates that the transaction or relationship may need additional review based on the institution&#8217;s risk-based procedures. CFT monitoring generally looks at combinations of indicators rather than relying on a single transaction or customer characteristic.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-can-terrorist-financing-involve-legitimate-money\"><span class=\"ez-toc-section\" id=\"Can_terrorist_financing_involve_legitimate_money\"><\/span>Can terrorist financing involve legitimate money?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yes. This is one of the most important differences between AML and CFT. Terrorist financing does not necessarily depend on money being generated through a criminal activity first. Legitimately earned money can potentially be diverted for a terrorist purpose, which means institutions need to examine the purpose, destination, beneficiary and transaction pattern rather than only the source of funds.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-enhanced-due-diligence-in-cft\"><span class=\"ez-toc-section\" id=\"What_is_Enhanced_Due_Diligence_in_CFT\"><\/span>What is Enhanced Due Diligence in CFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Enhanced Due Diligence (EDD) means applying stronger checks where the ML\/TF risk is higher. The exact measures depend on the applicable rules and the institution&#8217;s risk assessment. EDD helps an institution understand the customer and relationship in greater depth and apply closer monitoring where necessary. The PMLA includes provisions on enhanced due diligence in specified circumstances.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-beneficial-ownership-important-in-cft\"><span class=\"ez-toc-section\" id=\"Why_is_beneficial_ownership_important_in_CFT\"><\/span>Why is beneficial ownership important in CFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Terrorist-financing risks can be hidden behind companies, trusts, nominees, intermediaries and complex ownership structures. A customer shown on an account may not always be the person who ultimately owns or controls the relationship. Beneficial-owner identification helps financial institutions understand the real ownership or control structure and identify risks that may not be visible from the customer&#8217;s name alone.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Ultimate owner<\/li>\n\n\n\n<li>Person exercising control<\/li>\n\n\n\n<li>Directors or partners, where relevant<\/li>\n\n\n\n<li>Trustees or beneficiaries, where applicable<\/li>\n\n\n\n<li>Authorised representatives<\/li>\n\n\n\n<li>Ownership and control structure<\/li>\n\n\n\n<li>Connected entities and relationships<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-cft-apply-to-virtual-digital-assets\"><span class=\"ez-toc-section\" id=\"How_does_CFT_apply_to_virtual_digital_assets\"><\/span>How does CFT apply to virtual digital assets?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>CFT has become increasingly important for the digital-asset sector because virtual assets can move quickly across borders and through multiple wallets or service providers. FIU-IND&#8217;s AML &amp; CFT Guidelines for Reporting Entities Providing Services Related to Virtual Digital Assets, updated on January 8, 2026, address AML\/CFT\/CPF controls for relevant VDA reporting entities.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Risk-based Customer Due Diligence<\/li>\n\n\n\n<li>Customer identification<\/li>\n\n\n\n<li>Beneficial-owner checks<\/li>\n\n\n\n<li>Transaction monitoring<\/li>\n\n\n\n<li>Suspicious transaction reporting<\/li>\n\n\n\n<li>Recordkeeping<\/li>\n\n\n\n<li>Sanctions screening<\/li>\n\n\n\n<li>ML\/TF\/PF risk assessment<\/li>\n\n\n\n<li>Monitoring of VDA-related transactions<\/li>\n<\/ul>\n\n\n\n<p>The wider terminology here is AML\/CFT\/CPF, where CPF refers to Countering\/Combating Proliferation Financing. This is increasingly relevant in current financial-crime compliance discussions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-difference-between-kyc-aml-and-cft\"><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_KYC_AML_and_CFT\"><\/span>What is the difference between KYC, AML and CFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>These three terms are closely connected but should not be treated as identical. KYC focuses on knowing and verifying the customer. AML focuses on preventing and detecting money laundering and the use of the financial system for criminal proceeds. CFT focuses on preventing financial resources from being used for terrorist purposes.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Term<\/strong><\/td><td><strong>Simple meaning<\/strong><\/td><\/tr><tr><td>KYC<\/td><td>Know and verify your customer<\/td><\/tr><tr><td>AML<\/td><td>Prevent and detect money laundering<\/td><\/tr><tr><td>CFT<\/td><td>Prevent financing of terrorism<\/td><\/tr><tr><td>CDD<\/td><td>Understand and verify the customer and relationship<\/td><\/tr><tr><td>EDD<\/td><td>Apply stronger checks for higher-risk relationships<\/td><\/tr><tr><td>STR<\/td><td>Report qualifying suspicious activity<\/td><\/tr><tr><td>Sanctions screening<\/td><td>Check relevant parties against applicable designation\/sanctions lists<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-role-of-fatf-in-cft\"><span class=\"ez-toc-section\" id=\"What_is_the_role_of_FATF_in_CFT\"><\/span>What is the role of FATF in CFT?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Financial Action Task Force (FATF) develops international standards for combating money laundering, terrorist financing and proliferation financing. Its Recommendations encourage countries to use a risk-based approach and establish effective controls covering areas such as terrorist-financing offences, targeted financial sanctions, CDD, beneficial ownership, suspicious transaction reporting and international cooperation.<\/p>\n\n\n\n<p>For CFT-related study, FATF Recommendations 5 and 6 are particularly important because they deal with terrorist-financing criminalisation and targeted financial sanctions related to terrorism and terrorist financing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-key-cft-terms-to-remember\"><span class=\"ez-toc-section\" id=\"What_are_the_key_CFT_terms_to_remember\"><\/span>What are the key CFT terms to remember?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For banking, finance and compliance exams, understanding the following terms can make the topic easier to revise:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Term<\/strong><\/td><td><strong>Full form\/meaning<\/strong><\/td><\/tr><tr><td>CFT<\/td><td>Countering\/Combating the Financing of Terrorism<\/td><\/tr><tr><td>AML<\/td><td>Anti-Money Laundering<\/td><\/tr><tr><td>KYC<\/td><td>Know Your Customer<\/td><\/tr><tr><td>CDD<\/td><td>Customer Due Diligence<\/td><\/tr><tr><td>EDD<\/td><td>Enhanced Due Diligence<\/td><\/tr><tr><td>STR<\/td><td>Suspicious Transaction Report<\/td><\/tr><tr><td>CTR<\/td><td>Cash Transaction Report<\/td><\/tr><tr><td>NTR<\/td><td>Non-Profit Organisation Transaction Report<\/td><\/tr><tr><td>CBWTR<\/td><td>Cross-Border Wire Transfer Report<\/td><\/tr><tr><td>FIU-IND<\/td><td>Financial Intelligence Unit \u2013 India<\/td><\/tr><tr><td>PMLA<\/td><td>Prevention of Money Laundering Act, 2002<\/td><\/tr><tr><td>PML Rules<\/td><td>Prevention of Money-laundering (Maintenance of Records) Rules, 2005<\/td><\/tr><tr><td>UAPA<\/td><td>Unlawful Activities (Prevention) Act, 1967<\/td><\/tr><tr><td>FATF<\/td><td>Financial Action Task Force<\/td><\/tr><tr><td>BO<\/td><td>Beneficial Owner<\/td><\/tr><tr><td>TF<\/td><td>Terrorist Financing<\/td><\/tr><tr><td>CPF<\/td><td>Countering\/Combating Proliferation Financing<\/td><\/tr><tr><td>VDA<\/td><td>Virtual Digital Asset<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1787140172790\"><strong class=\"schema-faq-question\">1. What is CFT in KYC?<\/strong> <p class=\"schema-faq-answer\">CFT means Countering the Financing of Terrorism. In the KYC framework, it involves using customer identification, CDD, beneficial-owner checks and risk assessment to help prevent financial resources from supporting terrorism.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787140173811\"><strong class=\"schema-faq-question\">2. What is the difference between AML and CFT?<\/strong> <p class=\"schema-faq-answer\">AML mainly focuses on preventing the laundering of criminal proceeds, while CFT focuses on preventing funds or resources from being used to support terrorism. Terrorist financing can involve funds from either legal or illegal sources.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787140174905\"><strong class=\"schema-faq-question\">3. Is CFT part of KYC?<\/strong> <p class=\"schema-faq-answer\">CFT is broader than KYC, but KYC is one of the key controls used to implement an effective AML\/CFT framework.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787140175558\"><strong class=\"schema-faq-question\">4. What is the full form of CFT?<\/strong> <p class=\"schema-faq-answer\">CFT stands for Countering the Financing of Terrorism. It is also commonly expressed as Combating the Financing of Terrorism.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1787140176228\"><strong class=\"schema-faq-question\">5. Is CFT applicable to digital assets?<\/strong> <p class=\"schema-faq-answer\">Relevant Virtual Digital Asset service providers are subject to AML\/CFT obligations under the applicable PMLA framework. FIU-IND&#8217;s January 2026 VDA guidance specifically addresses AML\/CFT\/CPF controls for reporting entities providing VDA-related services.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/aml-kyc-certification\/\">AML KYC Certification, Check Course Details, Structures &amp; Benefits<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-full-form\/\">KYC Full Form, Importance, Process, and Benefits, Check Details<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-and-aml\/\">All About KYC and AML, Definitions, Processes, and Importance<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-operating-guidelines\/\">All About KYC Operating Guidelines for the AML KYC Certification Exam<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/money-laundering\/\">Money Laundering, Important Topic for AML KYC Certification Exam<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/\">What is CFT Under AML\/KYC Regulations? Take the Free Quiz<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>CFT, or Countering the Financing of Terrorism, is an important part of the KYC and AML framework followed by banks<\/p>\n","protected":false},"author":50,"featured_media":250202,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16845],"tags":[16849,16848],"class_list":["post-100358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aml-kyc","tag-importance-of-kyc-aml-cft-norms","tag-kyc-aml-cft","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is CFT Under AML\/KYC Regulations? 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I'm a dedicated Government Job aspirant turned passionate writer &amp; content marketer. My blogs are a one-stop destination for accurate and comprehensive information on exam categories like Regulatory Bodies, Banking, SSC, State PSCs, and more. I am on a mission to provide you with all the details you need, conveniently in one place. When I am not writing and marketing, you will find me happily experimenting in the kitchen, cooking up delightful treats. Join me on this journey of knowledge and flavors!"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140172790","position":1,"url":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140172790","name":"1. What is CFT in KYC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"CFT means Countering the Financing of Terrorism. In the KYC framework, it involves using customer identification, CDD, beneficial-owner checks and risk assessment to help prevent financial resources from supporting terrorism.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140173811","position":2,"url":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140173811","name":"2. What is the difference between AML and CFT?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"AML mainly focuses on preventing the laundering of criminal proceeds, while CFT focuses on preventing funds or resources from being used to support terrorism. Terrorist financing can involve funds from either legal or illegal sources.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140174905","position":3,"url":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140174905","name":"3. Is CFT part of KYC?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"CFT is broader than KYC, but KYC is one of the key controls used to implement an effective AML\/CFT framework.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140175558","position":4,"url":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140175558","name":"4. What is the full form of CFT?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"CFT stands for Countering the Financing of Terrorism. It is also commonly expressed as Combating the Financing of Terrorism.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140176228","position":5,"url":"https:\/\/www.oliveboard.in\/blog\/kyc-aml-cft-norms-for-jaiib\/#faq-question-1787140176228","name":"5. Is CFT applicable to digital assets?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Relevant Virtual Digital Asset service providers are subject to AML\/CFT obligations under the applicable PMLA framework. FIU-IND's January 2026 VDA guidance specifically addresses AML\/CFT\/CPF controls for reporting entities providing VDA-related services.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/100358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/comments?post=100358"}],"version-history":[{"count":8,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/100358\/revisions"}],"predecessor-version":[{"id":250209,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/100358\/revisions\/250209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media\/250202"}],"wp:attachment":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media?parent=100358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/categories?post=100358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/tags?post=100358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}