Professional Documents
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Chapter 1 - AML Quiz
Chapter 1 - AML Quiz
Question 1
Under no circumstances business should enter into a relationship with any
Complete individual or organization or entity that is named under SDN/Black list. What
Mark 2.00 out of is the risk behind this?
2.00
Select one:
a. Credit Risk
b. Market Risk
Question 2 Who advised through regulations the following statement, "Banks shall
Complete ensure in regard of AML/CFT that their business is conducted in conformity
with high ethical standards and that banking laws and regulations are
Mark 2.00 out of
adhered to"?
2.00
Select one:
a. FBR
b. Ministry of Finance
c. SBP
Question 5 In context of AML/CFT regulations, why should bank pay special attention on
Complete large and complex transactions, which in fact may generate more revenue
for the bank as compare to small transactions?
Mark 2.00 out of
2.00
Select one:
a. Because these always pertains to Corporate Customers.
Question 6 Employees who violate any of the AML/CFT regulations or the policies and
Complete procedures outlined in the KYC-AML Handbook will be subjected to?
b.
Yes, we are bound to provide our customer info to our correspondent
bank.
b.
within 5 days
c. within 3 days
Question 9
What is the first stage of Money laundering?
Complete
b. Integration
c. None of a & b
Question 10
What are those individuals called in regulatory terms, who are or have been
Complete entrusted with prominent public functions, including head of states or
Mark 2.00 out of government, senior politicians, judicial or military officials, senior executives
2.00 of publicly owned corporations?
Select one:
a. Valuable Persons
c. PEPs
Question 11
KYC / Customers due Diligence is one time exercise to be done strictly at the
Complete time of account opening. Is it TRUE?
Mark 2.00 out of
2.00 Select one:
a. TRUE- Only for Medium risk accounts
b. FALSE
c. TRUE
Question 12 At integration stage, the money launderers place/take the laundered funds
Complete back into the banking system / economy?
Question 13
As per AML/CFT Regulation R4 (STRs/CTRs), Banks are advised to implement
Complete systems which could flag out of what?
Mark 2.00 out of
2.00 Select one:
a. Pattern of transactions for reporting suspicious transactions
Question 15 In Money Laundering Process the source of funds will always be linked with
Complete a………………….