Anti Money Laundering
Questions relating to money laundering and the ways and means of preventing it.
- 1.A number of recomendations have been made by whom?
- A.
Financial Action Task Field
- B.
Financial Aging Terror Fund
- C.
Fincial Action Task Force
- D.
Finacial Laundering Task Force
- 2.Which Countries are not allowed gamble?
- A.
Australia, Cuba & Italy
- B.
Australia, Cuba, Italy & Korea
- C.
Ireland
- D.
UK
- 3.Under FATF guidelines companies have a duty of care called what?
- A.
Know Your Customer
- B.
Monitor Customers manually
- C.
Customer Due Care
- D.
Customer Due Diligence
- 4.Know Your Customer (KYC) in Boylesports - Customers are required to provide what compulsory details when registering?
- A.
Name, Address & DOB
- B.
Name, Address, DOB and Telephone number
- C.
Name, Address & Credit Card
- D.
Name & Address
- 5.How long are verification records required to be kept by Boylesports?
- A.
5 Years
- B.
2 Years
- C.
6 Months
- D.
3 Years
- 6.If I see something that looks suspicious what should I do?
- A.
Say nothing and hope that it will go away
- B.
Inform your Supervisor or Manager
- C.
Inform the MLRO immediately
- D.
Contact the Police
- 7.If I don't report activity that is deemed suspicious and is later discovered has been involved in money laundering - what will happen?
- A.
You could be held guilty of an offence and liable to a fine or imprisonment.
- B.
Boylesports will be fined
- C.
The MLRO will be held guilty of an offence and liable to a fine or imprisonment.
- D.
Nothing will happen
- 8.Who is Boylesports MLRO (Money Laundering Relations Officer)
- A.
Mark Matthews
- B.
Camilla Gilson
- C.
John Boyle
- D.
Michael Bent
Questions: 26 | Attempts: 8711 | Last updated: Aug 12, 2020
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Sample QuestionTHE PATRIOT ACT DOES NOT REQUIRE WHICH OF THE FOLLOWING AS PART OF AN APPROPRIATE AML PROGRAM?
Questions: 15 | Attempts: 4781 | Last updated: Jun 19, 2020
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Sample QuestionDisclosing that an investigation is being contemplated on the customer’s account is considered as:
Questions: 20 | Attempts: 3438 | Last updated: Sep 22, 2020
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Sample QuestionA customer gives you a box of chocolates to be shared with your team as a thank you gift, would you accept or refuge?
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