<div>Anti-Money Laundering</div> <div> </div> <div>You need to pass 3 of 5 questions in order to verify that you have successfully completed this course</div>

Which is not a 'triggering activity'?

Smythe calculates our client's payroll, pays the employees and CRA from Smythe's bank account with subsequent reimbursement from the client

Smythe calculates our client's payroll and pays the employees and CRA from the client's bank account

Smythe receives a fully completed and signed client's cheque payable to the CRA for their personal income taxes which it hand delivers to the CRA

Smythe has client signed cheques payable to the CRA - Smythe calculates and fills out the amount of GST payable and delivers the cheques to the CRA

Which choice is not a possible consequence of the failure to adhere to AML legislation?

Which one of the following activity is not required to be reported to FINTRAC?

A suspicious transaction

Being in possession of terrorist property

Cash receipts over $10,000

'Business relationships' as defined by AML legislation

Which statement is false? (I.e. not Smythe policy?)

When identifying 'triggering activity', details of the activity should be entered into a log with a email notification to Suki Gill and CC Martin Poller

Smythe may accept a client's on-line banking sign-on credentials in cases where Smythe can't make a payment

Smythe may accept cash for the payment of professional fees provided that they are lower than $2,000 (excl. taxes)

Smythe should mail back any cash received through the mail immediately once it has identified the sender

Anti-Money Laundering

You need to pass 3 of 5 questions in order to verify that you have successfully completed this course

More Quizzes

Anti-Money Laundering You need to pass 3 of 5 questions in order to verify that you have successfully completed this course

More Quizzes

Anti-Money Laundering

You need to pass 3 of 5 questions in order to verify that you have successfully completed this course