Nature of ML, TF, PF and Offences

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Name

Organisation

_______ is the unlawful use, or threatened use, of force or violence against individuals or property to intimidate or coerce governments or societies, often to achieve political, religious & ideological objectives

Terrorist

Terrorism

Terrorism Financing

All of the above

Which of the following is an unusual activity?

Employees unwilling to take a vacation

Customer with a lot of musty bills for deposit

Large volume of deposits into a dormant account

All of the above

What are the attributes of Offshore Financial Centers (OFC)?

The bulk of the financial sector activity is offshore on both sides of the balance sheet

The transactions are initiated elsewhere

The Majority of the institutions involved are controlled by non-residence

All of the above

The sequential order of Money Laundering stages is as follows:

Placement, Integration, Layering

Placement, Willful Blindness, Integration

Placement, Layering, Integration

Smurfing, Placement, Integration

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

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

None of the above

__________ involves collecting and analyzing data, information and facts about a customer that should enable the bank assess the extent to which the customer is exposed to a range of risks i.e ML, TF, Fraud, etc

Know Your Customer

Customer Due Diligence

Transaction Monitoring

All of the above

_____ 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

The Know Your Customer procedure involves:

Verification of customer identity

Verification of the origin of the customer

Identification of customer’s ID

Monitoring the account of the customer

Money laundering is defined as the:

Process of physical cleaning of dirty money from traces of drugs and cocaine

Conversion or transfer of money, or property knowing it is derived from a criminal offense, for the purpose of concealing or disguising its illicit origin.

Process of cleaning money or gold by using special washing machines and detergents

None of the above

Housing, Healthcare, Education, Social Services, etc are major provisions made by ___ NPOs

First Lady’s NPOs

Expressive NPOs

Service NPOs

All of the above

1 out of 10

Nature of ML, TF, PF and Offences

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