NISM Series XXIV : AML and CFT Provisions in Securities Markets Examination
NISM Series XXIV Mock Test
(Free Demo & Premium)
It is series 24. 'XXIV' is the Roman Numeral for 24.
Official name is NISM Series XXIV : AML and CFT Provisions in Securities Markets Certification
Examination. Also known as NISM 24, NISM XXIV, NISM AML/CFT Exam, etc.
It’s a certification exam by NISM & SEBI to set a benchmark for employees of securities market
intermediaries on AML, CFT, and related regulations.
Bank employees and associated persons working in securities market intermediaries, dealing with AML,
CFT, and related compliance.
Study Material: Click here for NISM 24 AML/CFT Study Material
Exam Registration: NISM Registration Procedure
Exam Dates: NISM Exam Dates
Assessment Structure
| Total Marks | 50 |
|---|---|
| Total Questions | 50 questions of 1 mark each [Multiple Choice] |
| Total Duration | 1 Hour |
| Passing Score | 50% (25 marks) |
| Negative Marking | No |
Syllabus & Weightage
| Chapter No. | Chapter Name | Weightage |
|---|---|---|
| Part A | ||
| 1 | Intro to AML, CFT and Proliferation Financing (PF) | 6 |
| 2 | Prevention of Money Laundering Act, 2002 (PMLA) | 8 |
| 3 | Prevention of Money-laundering (Maintenance of Records) Rules, 2005 | 8 |
| Part B | ||
| 4 | Scheduled Offences | 3 |
| 5 | AML, CFT and PF Guidelines | 5 |
| 6 | SEBI Guidelines for AML Standards, CFT and PF | 7 |
| 7 | SEBI guidelines for KYC norms in Securities Market | 8 |
| 8 | Discussion on PMLA related Cases | 5 |
| Total Marks | 50 | |
Detailed Syllabus
Chapter 1: Intro to AML, CFT & PF
Concept & Stages of Money
Laundering- Global Initiatives (FATF, IMF,
Vienna)
- Indian Initiatives (PMLA, UAPA,
FEMA)
Chapter 3: Maintenance of Records Rules
- Nature and Value of Transactions
- Procedure for Maintaining &
Furnishing Info
- Client Due Diligence (Rule 9)
Chapter 5: AML CFT & PF Guidelines
- UAPA Section 51A
- Weapons of Mass Destruction Act
Section 12
Chapter 7: SEBI KYC Norms
- Uniform KYC, PAN, PoI, PoA
- Beneficial Ownership, Digital
KYC
- e-KYC, KUA/Sub-KUA, KRA
Guidelines
Chapter 2: PMLA 2002
- Key Sections: 2, 3, 4, 5, 12, 56
Chapter 4: Scheduled Offences
- Concept and List of Offences
Chapter 6: SEBI Guidelines for AML/CFT/PF
- Policies, CDD, Client
Identification
- Risk Management, Suspicious
Transactions (STR)
- Reporing to FIU-IND
Chapter 8: PMLA Cases Discussion
- FIU-IND vs Way2Wealth
- SEBI vs SKSE, Raima Equities,
Marfatia, Shreepathi