Which of the following is an unusual activity?
FATF Guidance on COVID-19 was issued when
Depositing cash into several related accounts is an example of what stage of money laundering?
What is willful blindness?
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?
What is the purpose of AML/CFT compliance in banks?
Non-face-to-face customers, FEPs, PEPs are considered as?
In compliance terminology, red-flag means?
Listed below are types of Money Laundering except:
Which of the following applies to AML/CFT compliance?
________ involves money launderers using bank accounts of innocent individuals or business to store and move money round the world
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
________ are individuals hired to deposit criminal proceeds into bank accounts under the guise of ordinary financial activity
The sequential order of Money Laundering stages is as follows:
Listed below are controls of Customer Due Diligence
Money laundering is defined as the:
It is illegal to disclose the contents of a Suspicious Transaction Report to.
The Know Your Customer procedure involves:
Which of the following should make you exercise greater caution when dealing with new customers?