Providus Bank Test

Customer risk rating is:

Depositing cash into several related accounts is an example of what stage of money laundering?

The sequential order of Money Laundering stages is as follows:

What is willful blindness?

________ 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?

Which of the following should make you exercise greater caution when dealing with new customers?

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

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

In compliance terminology, red-flag means?

Which of the following applies to AML/CFT compliance?

Money laundering is defined as the:

The Know Your Customer procedure involves:

________ are individuals hired to deposit criminal proceeds into bank accounts under the guise of ordinary financial activity

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?

Listed below are types of Money Laundering except:

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

FATF Guidance on COVID-19 was issued when

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

Listed below are controls of Customer Due Diligence

        i. Prevention

         ii. Detection

          iii. Correction

          iv. Direction