Listed below are process of Customer Risk Assessment except?
The Know Your Customer procedure involves:
A PND advised by the LEAs can be lifted by
______ is the imposition of Asset Freezing or prevention of the direct or indirect movements of funds for the benefits of an individual, entities, groups or organisation that are sanctioned.
ABC Limited offers construction services to River state. Therefore, ABC Limited is regarded as
The sequential order of Money Laundering stages is as follows:
Money laundering is defined as the:
_____ is defined as the management of regulatory and statutory risks
_____ 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
Pillars of Customer Due Diligence includes____
The ultimate responsibility to drive compliance is that of the
A request for CDD exemption by a customer could be allowed
Customer Due Diligence regarding a transfer instruction from a customer to a third party requires
What is the purpose of AML/CFT/CPF compliance in banks?
It is illegal to disclose the contents of a Suspicious Transaction Report to.
The most current of the following acts/regulations was signed in the year _____
- Money Laundering (Prevention & Prohibition) Act (MLPPA)
- Terrorism (Prevention & Prohibition) Act (TPPA)
- Proceeds of Crime (Recovery & Management) Act (POCA)
- Central Bank of Nigeria (Anti Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing of Weapons of Mass Destruction in Financial Institutions) Regulations
__________ 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
In compliance terminology, red-flag means?
____ is a natural person who stands to gain the ultimate benefit of a transaction but who may not nominally be involved in the day to day running of the organisation.
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
