Anti Money Laundering

1. How long are verification records required to be kept by Boylesports?

5 Years

2 Years

6 Months

3 Years

5 Years - All records including any information obtained about the customer including proof that we have carried out a name and address check on the customer

Explanation

5 Years - All records including any information obtained about the customer including proof that we have carried out a name and address check on the customer

2. If I don't report activity that is deemed suspicious and is later discovered has been involved in money laundering - what will happen?

You could be held guilty of an offence and liable to a fine or imprisonment.

Boylesports will be fined

The MLRO will be held guilty of an offence and liable to a fine or imprisonment.

Nothing will happen

It is up to each individual to be vigilant to combat money laundering. The law sees no excuse in those who do not react

Explanation

It is up to each individual to be vigilant to combat money laundering. The law sees no excuse in those who do not react

3. A number of recomendations have been made by whom?

Financial Action Task Field

Financial Aging Terror Fund

Fincial Action Task Force

Finacial Laundering Task Force

FATF is the task force assigned to advise governments of their AML requirements

Explanation

FATF is the task force assigned to advise governments of their AML requirements

4. If I see something that looks suspicious what should I do?

Say nothing and hope that it will go away

Inform your Supervisor or Manager

Inform the MLRO immediately

Contact the Police

Your first priority is to bring the transactions to your Supervisor who in turn is obliged to report it to his/her manager should it be deemed necessary

Explanation

Your first priority is to bring the transactions to your Supervisor who in turn is obliged to report it to his/her manager should it be deemed necessary

5. Know Your Customer (KYC) in Boylesports - Customers are required to provide what compulsory details when registering?

Name, Address & DOB

Name, Address, DOB and Telephone number

Name, Address & Credit Card

Name & Address

Name and address and DOB are very important but so also is a customers telephone number - many records can be checked using a customers telephone number and there may be many instances where we will need to contact the customer

Explanation

Name and address and DOB are very important but so also is a customers telephone number - many records can be checked using a customers telephone number and there may be many instances where we will need to contact the customer

6. Under FATF guidelines companies have a duty of care called what?

Know Your Customer

Monitor Customers manually

Customer Due Care

Customer Due Diligence

Customer Due Diligence is the responsibility of the company to verify and monitor all customers transactions to ensure they are not acting in an unlawful way - it is up to every memeber of boylesports to be vigilent for this

Explanation

Customer Due Diligence is the responsibility of the company to verify and monitor all customers transactions to ensure they are not acting in an unlawful way - it is up to every memeber of boylesports to be vigilent for this

7. Which Countries are not allowed gamble?

Australia, Cuba & Italy

Australia, Cuba, Italy & Korea

Ireland

UK

There are a long list of countries from which gambling is not allowed you should familiarise yourself with these countries

Explanation

There are a long list of countries from which gambling is not allowed you should familiarise yourself with these countries

8. Who is Boylesports MLRO (Money Laundering Relations Officer)

Mark Matthews

Camilla Gilson

John Boyle

Michael Bent

Michael Bent is the appointed MLRO office whose job it is to report any breaches or suspicious activity to the relevant authorities

Explanation

Michael Bent is the appointed MLRO office whose job it is to report any breaches or suspicious activity to the relevant authorities