Compliance Training Quiz

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Compliance Training Quiz

Test your knowledge on essential compliance training concepts and regulations with our engaging quiz. Whether you are a professional in the financial sector or a curious learner, this quiz is designed to enhance your understanding of important compliance practices.

Key Features:

11 multiple-choice questions
Immediate feedback on correct answers
Enhance your compliance knowledge

11 Questions3 MinutesCreated by ReviewingFocus32

Where non-nationals are unable to provide a Banker’s reference when establishing a relationship, the following can be accepted

An original or online bank statement from their foreign bankers, no older than three (3) months

Job letter

Reference from local business

None of the above

True or false: A property owner who rents or leases houses, apartments and/or buildings for commercial or residential purposes for less than three (3) years and is NOT a Real Estate Agent is required to be registered with FIUTT.

True

False

The process whereby fraudsters purporting to reside in foreign countries create Facebook profiles using stolen photographs of handsome men for the purpose of luring unsuspected women to contact them is known as

Dating

Commingling

Romance Fraud

Chargeback transactions

Who is the Designated Compliance Officer at the Branch Level whereby all unusual or suspicious transactions should be reported?

Compliance Officer

Customer Service Supervisor

Board Appointed Official

Account Manager

What is the threshold whereby customers will now be permitted to establish a Personal RIM record and personal deposit account to facilitate their banking needs?

$20K per month

$90K per month

$500K per annum

$1M per annum

What document is required if a staff member observes or has suspicions as to the validity of the transaction or activity?

Proposal

Suspicious Activity Report

Unusual Activity Report

Admin Reporting Portal

What document is used at the on-boarding stage to determine whether the customer is considered High, medium or Low risk?

National ID, Passport or DP

Job Letter or Pay Slip

AML Customer Risk Rating Form – AML 5

Customer Information Form-AML 4

What documents are non-salaried persons required to advise how they will fund their accounts (e.g. Via allowances or stipend etc.)?

Evidence of income from spouse of otherwise

They are required to advise how they will fund their accounts (e.g. Via allowances or stipend etc.). However, they are not required to submit documentary evidence to justify same.

Completion of customer information sheet

Letter from customer indicating how they will fund the account

Name the three stages of Money Laundering process

Placement, Layering, Investigation.

Layering, Intergration, absorption

Layering, Acceptance, Placement

Placement, Layering, Intergration.

Compliance Training Quiz

Compliance Training Quiz

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