Sa Plus Amla Exam
Mandatory AMLA Exam for Service Advisors1. You must get 90%2. You may take the exam as many times as you want until required grade is met.3. Select one item for each answer then proceed.4. There is no time limit for this exam.-Bench Francisco
- 1.
Non-financial institution that provides automated systems network infrastructure, including a network of accredited agents utilizing the systems:
- A.
Electronic Money Issuer (EMI)
- B.
Electronic Money Network Service Providers (EMNSP)
- C.
Electronic Money Network
- D.
None of the above
Correct Answer
B. Electronic Money Network Service Providers (EMNSP) -
- 2.
Which is not an electronic instrument as applicable to Electronic Money Issuer and Electronic Money Network Service Providers (EMNSP)?
- A.
Cash Cards
- B.
E-Wallet device
- C.
Stored Value Cards
- D.
None of the above
Correct Answer
D. None of the above -
- 3.
Which is not a classification of Electronic Money Issuer
- A.
Bank (called as EMI-Bank)
- B.
Non-Bank Financial Institution supervised by the BSP
- C.
Non-Bank Institution registered with the BSP as money transfer agent.
- D.
None of the above
Correct Answer
D. None of the above -
- 4.
Pertaining to AML, the following are the duties of a covered institution, except for:
- A.
Customer Identification and Due Diligence
- B.
Record Keeping and Retention
- C.
Know Your Competitor
- D.
Reporting of Covered and Suspicious Transaction
Correct Answer
C. Know Your Competitor -
- 5.
A valid ID contains original photo bearing official document issued by an official authority.
- A.
True
- B.
False
Correct Answer
A. True -
- 6.
Which is not an Official Authority
- A.
Private Entities registered or supervised by BSP or SEC
- B.
Political Subdivisions
- C.
Government owned and/or controlled corporations (GOCCs)
- D.
None of the above
Correct Answer
D. None of the above -
- 7.
Which is not a valid ID
- A.
Smart e-Money ID
- B.
Makati BLU Senior Citizen ID
- C.
Timezone PowerCard
- D.
Integrated Bar of the Philippines ID
Correct Answer
C. Timezone PowerCard -
- 8.
No new account shall be opened and be created without face-to-face contact and personal interview with exceptions on accounts opened through trustee, agent, outsourcing arrangement and TPAs.
- A.
True
- B.
False
Correct Answer
A. True -
- 9.
High Risk or enhanced due diligence is applicable to regular employment or economically productive activity.
- A.
True
- B.
False
Correct Answer
A. True -
- 10.
Low/Normal Risk or reduced/average customer due diligence is applicable to an account who extensively uses high risk products which can be abused (wire transfers, money orders and other products used to cover cash.
- A.
True
- B.
False
Correct Answer
A. True -
- 11.
Unless a higher amount is approved by BSP, an E-Money instrument issued shall be subject to an aggregate monthly load limit of
- A.
Php 105,000
- B.
Php 150,000
- C.
Php 100,000
- D.
Php 100,100
Correct Answer
C. Php 100,000 -
- 12.
This refers to a person or entity that offers to remit, transfer or transmit money on behalf of any person to another person and/or entit
- A.
Remittance Agent (RA)
- B.
Money Courier
- C.
Money Transmission Agent
- D.
All of the above
Correct Answer
D. All of the above -
- 13.
During validation in KYC: name and signature in SMAF / encashment and sending slip should match the name and signature in the ID provided by the customer.
- A.
True
- B.
False
Correct Answer
A. True -
- 14.
One valid and unexpired photo bearing identification card should be presented by customer during SMAF application, encashment and sending of request.
- A.
True
- B.
False
Correct Answer
A. True -
- 15.
What should a SMART Money Center do?
- A.
Examine the documents presented
- B.
Perform Due diligence
- C.
Prevent and Detect attempts to use the Smart Money in illegal activities.
- D.
All of the above
Correct Answer
D. All of the above -
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Current Version
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Mar 16, 2022Quiz Edited by
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Jul 08, 2016Quiz Created by
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