NISM AcademyNISM Series XXIV AML & CFT Provisions in Securities Markets: exam pattern, syllabus and mock tests
A short certification on anti-money laundering rules for securities market staff. NISM Series XXIV covers anti-money laundering (AML) and combating the financing of terrorism (CFT) in the securities market: core concepts, the Prevention of Money Laundering Act, 2002, scheduled offences, KYC and due diligence, suspicious transaction reporting and proliferation financing.
NISM Series XXIV exam pattern at a glance
- Questions
- 50
- Duration
- 60 minutes
- Total marks
- 50
- Passing score
- 50% (25/50)
- Negative marking
- None
- Exam fee
- ₹885 + charges
- Certificate valid
- 3 years
50 multiple-choice questions, 1 mark each. Fees and pattern are set by NISM and can change, so confirm on the official NISM Series XXIV page before you book.
Who should take NISM Series XXIV?
Employees of securities market intermediaries, especially front office, operations and compliance staff.
Why you need it: A voluntary benchmark that many intermediaries use to train staff on their AML and CFT obligations.
NISM Series XXIV syllabus: 8 chapters
- Introduction to Anti Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Proliferation Financing (PF)
- Prevention of Money Laundering Act, 2002 (PMLA)
- The Prevention of Money-laundering (Maintenance of Records) Rules, 2005
- Scheduled Offences
- Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT) and Proliferation Financing (PF) Guidelines
- SEBI Guidelines for Anti Money Laundering (AML) Standards, Combating the Financing of Terrorism (CFT) and Proliferation Financing (PF)
- SEBI guidelines for KYC norms in Securities Market
- Discussion on PMLA related Cases
How to prepare for NISM Series XXIV
Short and focused: 50 questions, no negative marking, 50% to pass. A week of reading and practice is usually enough.
Not sure where you stand?
Take the free NISM Series XXIV level check. It takes about 30 minutes, needs no payment, and tells you which chapters to study first. Launch offer: free for our first 100 users. Log in and every mock test, note and flashcard is unlocked.
Start the level checkNISM Series XXIV FAQs
What is NISM Series XXIV?
NISM Series XXIV is the AML & CFT Provisions in Securities Markets Certification Examination conducted by the National Institute of Securities Markets. A voluntary benchmark that many intermediaries use to train staff on their AML and CFT obligations.
How many questions are in NISM Series XXIV?
The exam has 50 multiple-choice questions, 1 mark each, for a total of 50 marks. You get 60 minutes.
What is the passing score for NISM Series XXIV?
You need 50%, which is 25 out of 50 marks.
Is there negative marking in NISM Series XXIV?
No. There is no negative marking, so attempt every question.
How should I prepare for NISM Series XXIV?
Short and focused: 50 questions, no negative marking, 50% to pass. A week of reading and practice is usually enough.
How do I register for NISM Series XXIV?
Create an account on NISM’s certification portal, choose the exam, pick a test centre or remote-proctored slot, and pay the fee online. NISM Academy can’t register you; we link you to the official portal.
How long is the NISM Series XXIV certificate valid?
Three years from the date you pass.