AML Training 2022
AML Training Quiz 2022
Test your knowledge on Anti-Money Laundering (AML) practices with our comprehensive quiz! This quiz is designed to help you understand key concepts, identify risks, and stay compliant with regulations.
Features of the quiz:
- 10 engaging questions
- Multiple choice and checkbox formats
- Test your understanding of PEPs, STRs, and more
1) Select the 4 types of risk
Country Risk
Customer Risk
Product & Services Risk
Business Activity Risk
Politically Exposed Persons Risk
Money Laundering Risk
Terrorism Financing Risk
Other
Please Specify:
2) Select the correct examples of immediate family member of PEP
Step-children
Sibling
Cousin
Spouse
Godparent
Life Partner
Grandparent
3) What is the timeline to lodge STR of any case being detected?
14 calendar days
15 business days
14 business days
15 calendar days
4) Select correct sample of documents that we need to keep for due diligence records.
Business card of the client's HR Manager
Bank statement of Directors
Employee organizational chart
Interview form of the client's Sales Director
Relevant news of the shareholder
Interview form and courses attended by employees
5) Which of the following are not high risk countries?
Belarus
South Korea
Tel Aviv
Barbados
Tanzania
South Sudan
Burkina Faso
6) Select 3 stages of Money Laundering
Placement
Layering
Integration
Collection
Disposition
Laundering
Mitigation
7) Which of the following are not considered as red flags of high risk behaviour?
Customer requests his/her sister in law to act as nominee shareholder
Customer disclose every layer of shareholding and beneficial ownership
Customer who avoids providing due diligence documentation
Customer who provides Indonesia passport as identification documents while he declared his nationality as Malaysian
Customer is a charitable or non-profit organization that is registered in Albania
Customer is a non-profit organization that is registered in Singapore
8) Arrange the risk assessment process by sequence
Identify Risks
Measure Risks
Analyse Risks
Review Risks
Mitigate Risks
9) Select the the action to be taken if the sole Director refuse to provide identification documents and proof of address
Not to carry out any transaction with the client
Terminate the existing business relationship with the client
Inform client to use our nominee director services to replace that Director
No action to be taken as long as the Director able to provide expired passport copy
Inform client to nominate his/her spouse as Director
10) Which of the following are indicators of high risk transactions?
Business relationship with charity organizations
Practising Corporate Social Responsibility
Providing services which are unusual and not related to the business activities of the company
Every communication since first approach are though email only
Anonymous business transactions with supplier/customer from different countries
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