Jaiz Advanced Test - DataPro Limited

Welcome to your e-assessment.

Number of Questions: 15

Time Allowed: 10 minutes.

You are allowed only one (1) attempt.

By clicking Start, you consent to your personal information being processed in line with DataPro’s Privacy Policy.

Name

Organisation

A request for CDD exemption by a customer could be allowed

If customer is High Networth Individual

In line with policy and approval

If customer is a Tier 3

If customer is known to ED or a PEP

A transaction which is beyond a customer’s normal capability & wealth is known as?

All of the above

Unusual transaction

Normal transaction

Suspicious transaction

_____ is the transfer and export of nuclear, chemical or biological weapons; their means of delivery and related materials. This could include, inter alia, technology, goods, software, services or expertise

Transfer Pricing

Trade Based Money Laundering

Importer and Exporter

Proliferation

It is illegal to disclose the contents of a Suspicious Transaction Report to

Law Enforcement Agent

Staff

Nigerian Financial Intelligence Unit

Customer

A PND advised by the LEAs can be lifted by

Compliance

Court Order

Branch Leader

Undertaken from Relationship Manager

Non-face-to-face customers, FEPs, PEPs are considered as?

None of the above

High risk customers and we need to closely monitor their accounts / transactions

VIP customers and we need to offer them extra care & services

Normal customers and nothing extra should be done with them

ABC Limited offers construction services to River state. Therefore, ABC Limited is regarded as

a PEP

PEP Associate

Government Contractor

Government Contractor and a PEP

Listed below are controls of Customer Due Diligence

i. Prevention
ii. Detection
iii. Correction
iv. Direction

None of the above

i.ii

All of the above

i,ii,iv

The Know Your Customer procedure involves:

Verification of customers identity

Verification of the origin of the customer

Identification of customer’s ID

Monitoring the account of the customer

In compliance terminology, red-flag means?

A term used once the balance is negative or overdue.

The standard flag of countries not cooperative in fighting money laundering

None of the above

A warning sign used to bring attention to a potentially suspicious or risky transaction/activity.

Customer Due Diligence regarding A transfer instruction from a customer to a third party requires

CDD procedure to cover customer only

CDD procedure to cover transfer only

CDD procedure to cover customer and Third party only

CDD procedure to cover customer, transfer and third party only

What is the purpose of AML/CFT compliance in banks?

To satisfy Law Enforcement Agencies

To insulate the bank against the consequences of money laundering and terrorist financing

To showcase compliance to customers

To meet the requirements of the law

Customer risk rating is;

Something of great importance as High risk customers need more monitoring and due diligence

All of the above

marketing criteria which have nothing to do with combating money laundering

Not important as banks should treat their customers equally and without discrimination

Listed below are process of Customer Risk Assessment except?

Risk Identification & Risk Analysis

Mitigation and Control

Monitoring & Review

Report & Archive

A UBO is ?

a) A natural person who controls the mind and the management of another company

b) A natural person that owns 5% and above stake in another company

c) A corporate person that owns 5% and above stake in another company

d) a & b

1 out of 15

Training Assessment

Welcome to your e-assessment.

Title