Number of Questions: 20
Time Allowed: 20 minutes.
You are allowed only one (1) attempt.
________ are individuals hired to deposit criminal proceeds into bank accounts under the guise of ordinary financial activity
It is illegal to disclose the contents of a Suspicious Transaction Report to.
Listed below are controls of Customer Due Diligence i. Prevention ii. Detection iii. Correction iv. Direction
In compliance terminology, red-flag means?
What is willful blindness?
________ involves money launderers using bank accounts of innocent individuals or business to store and move money round the world
Non-face-to-face customers, FEPs, PEPs are considered as?
The sequential order of Money Laundering stages is as follows:
Listed below are COVID-19 scams and schemes i. Impersonation of Government Officials, Counterfeiting essential goods such as medical supplies ii. Fundraising for Fake charities, Fraudulent Investment Schemes iii. Email and SMS phishing attacks, Business email compromise scams iv. Ransomware Attacks, Human Trafficking & Exploitation of Workers v. Online Child Exploitation, Organized Property Crime
What is the purpose of AML/CFT compliance in banks?
A transaction which is beyond a customer’s normal capability & wealth, but which the customer is able to justify with required documents is known as?
Which of the following is an unusual activity?
The Know Your Customer procedure involves:
Which of the following should make you exercise greater caution when dealing with new customers?
Customer risk rating is:
Listed below are types of Money Laundering except:
Which of the following applies to AML/CFT compliance?
Depositing cash into several related accounts is an example of what stage of money laundering?
Money laundering is defined as the:
FATF Guidance on COVID-19 was issued when
