Number of Questions: 20
Time Allowed: 20 minutes.
You are allowed only one (1) attempt.
In compliance terminology, red-flag means?
Non-face-to-face customers, FEPs, PEPs are considered as?
The Know Your Customer procedure involves:
FATF Guidance on COVID-19 was issued when
________ involves money launderers using bank accounts of innocent individuals or business to store and move money round the world
Which of the following applies to AML/CFT compliance?
What is the purpose of AML/CFT compliance in banks?
Which of the following should make you exercise greater caution when dealing with new customers?
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?
The sequential order of Money Laundering stages is as follows:
Customer risk rating is:
________ are individuals hired to deposit criminal proceeds into bank accounts under the guise of ordinary financial activity
Depositing cash into several related accounts is an example of what stage of money laundering?
Listed below are types of Money Laundering except:
Which of the following is an unusual activity?
Listed below are controls of Customer Due Diligence i. Prevention ii. Detection iii. Correction iv. Direction
What is willful blindness?
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
It is illegal to disclose the contents of a Suspicious Transaction Report to.
Money laundering is defined as the: