Number of Questions: 20
Time Allowed: 15 minutes.
You are allowed only one (1) attempt.
FATF Guidance on COVID-19 was issued when
________ 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?
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?
It is illegal to disclose the contents of a Suspicious Transaction Report to.
The Know Your Customer procedure involves:
________ involves money launderers using bank accounts of innocent individuals or business to store and move money round the world
In compliance terminology, red-flag means?
Which of the following applies to AML/CFT compliance?
Customer risk rating is:
The sequential order of Money Laundering stages is as follows:
Which of the following is an unusual activity?
Non-face-to-face customers, FEPs, PEPs are considered as?
Listed below are types of Money Laundering except:
What is willful blindness?
Depositing cash into several related accounts is an example of what stage of money laundering?
Money laundering is defined as the:
Listed below are controls of Customer Due Diligence i. Prevention ii. Detection iii. Correction iv. Direction
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
What is the purpose of AML/CFT compliance in banks?
