AML Quiz
- 1.Who is our Deputy Money Laundering Reporting Officer?
- A.
Chris Kirkham
- B.
Steve Templeman
- C.
Lisa Karran
- D.
H Dewar
- 2.Which are the stages of money laundering?
- A.
Entering in the system
- B.
Placement
- C.
Legitimising
- D.
Integration
- E.
Whitening
- F.
Layering
- 3.It is not easy to launder large volume of cash from online gambling sites. Launderers typically use gambling accounts as means to acquire funds by: ______________ and ___________________.
- A.
Hedging
- B.
Depositing funds using stolen credit cards
- C.
Bonus seekers
- D.
Identity fraud
- 4.Indicate whether the following statement is True or False.Criminals almost always launder money solely through banks and other financial institutions. Therefore anti-money laundering compliance is not a serious issue for other types of businesses
- A.
True
- B.
False
- 5.Reported suspicions will be fully evaluated and documented by the Fraud Team Manager.
- A.
True
- B.
False
- 6.John made an initial deposit of GBP 2,500 to his 138.com account. Upon requesting withdrawal, he would need to go through verification. As proof of identification, he presents his Visa Credit card. This is a satisfactory identification before a withdrawal can be made
- A.
True
- B.
False
- 7.We do not accept Politically Exposed Person (PEP) as customers due to their prominent public function. Their position of influence can be used easily for bribery and corruption
- A.
True
- B.
False
- 8.Probationary employees have no liability and are exempted from receiving monetary penalties/ 2 year imprisonment for Tipping off offenses.
- A.
True
- B.
False
- 9.Launderers are most vulnerable to being caught during the Integration stage – where money is returned to the criminal from what seem to be legitimate source.
- A.
True
- B.
False
- 10.The laundering stage that separates the illicit money from its source. They obscure the audit trails and sever links with original crime to make it appear like a normal financial transaction
- A.
Entering in the system
- B.
Legitimising
- C.
Layering
- D.
Placement
- E.
Integration
- 11.Select the potential risks to the company if we fail to implement counteractive measures in preventing AML
- A.
Loss of revenue
- B.
Attract the wrong kind of business
- C.
Removal of license to operate
- D.
Directors may be fined
- E.
All of the above
- F.
None of the above
- 12.Disclosing that an investigation is being contemplated on the customer’s account is considered as:
- A.
Layering
- B.
Suspicious transaction reporting
- C.
Failure to disclose
- D.
Tipping off
- E.
Integration
- 13.What is our threshold transaction amount?
- A.
EUR 3,000
- B.
GBP 2,000
- C.
CAD 3,000
- D.
USD 2,000
- 14.How long should we retain player records (Documents/Photo Identification cards)?
- A.
2 years from the end of relationship with player
- B.
6 years from the end of relationship with player
- C.
We can delete upon customer request provided that the account is deactivated
- D.
We cannot remove player records at all. These are retained as paper trail
- 15.Select 3 possible indicators to look for in Money Laundering.
- A.
Unusual volume of payment destinations, often with the same provider
- B.
Holding 2 different credit cards, both of which are not 3D secured
- C.
Numerous withdrawals, just under the qualifying threshold
- D.
Individual resides in one country, but owns a condominium unit in another
- E.
Multiple and frequent deposits followed by multiple and frequent withdrawals, either shortly afterwards or overlapping further deposits
- F.
All of the above
- G.
None of the above
- 16.We know that everyone’s excited about Friday’s Pageant Parade, and in our excitement we’d like to take pictures.But please be reminded that we are NOT allowed to take pictures around the operations and other sensitive areas.We advise everyone to only take pictures in the Lounge and Pantry. Thank you for your cooperation. 大家都在兴奋的期待周五的巡游，我们也理解大家届时会拍照留恋。但是请注意在运营区和其他敏感区域是禁止拍照的，因此建议大家只在休息区和饭厅拍照，谢谢合作！
- A.
Option 1
- B.
Option 2
- C.
Option 3
- D.
Option 4
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