Anti-Money Laundering and Combating Financial Crime
Description: Anti-Money Laundering and Combating Financial Crime Quiz | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: aml cft financial regulation |
What is the primary objective of Anti-Money Laundering (AML) regulations?
What is the term used to describe the process of disguising the source, ownership, or destination of illegally obtained funds?
Which international organization is responsible for setting global standards for AML and CFT?
What is the term used to describe the process of identifying and reporting suspicious transactions to the relevant authorities?
What is the purpose of Customer Due Diligence (CDD) in AML compliance?
What is the term used to describe the process of freezing or seizing assets suspected to be derived from illegal activities?
What is the primary responsibility of a Financial Intelligence Unit (FIU) in the fight against money laundering and terrorist financing?
What is the term used to describe the process of recovering assets that have been obtained through illegal activities?
What is the term used to describe the process of identifying and reporting cross-border transactions that exceed a certain threshold?
What is the term used to describe the process of identifying and reporting transactions that involve large amounts of cash?
What is the term used to describe the process of identifying and reporting transactions that involve the transfer of funds to or from countries that are considered high-risk for money laundering and terrorist financing?
What is the term used to describe the process of identifying and reporting transactions that involve the use of alternative remittance systems, such as hawala or hundi?
What is the term used to describe the process of identifying and reporting transactions that involve the use of virtual assets, such as cryptocurrencies?
What is the term used to describe the process of identifying and reporting transactions that involve the use of prepaid cards or stored value cards?
What is the term used to describe the process of identifying and reporting transactions that involve the use of bearer shares or bearer bonds?