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