Online Training Module 1 Pre-test
.
- 1.1. What are the 3 stages of Money Laundering?
- A.
Placement, Lingering, Integration
- B.
Placement, Layering, Integrated
- C.
Layering, Integration, Placement
- D.
Placement, Layering, Integration
- 2.RA 9160 is also known as the "Anti-Money Laundering Act of _______________?
- A.
2000
- B.
2001
- C.
2002
- D.
2003
- 3.The Financial Intelligence Unit of the Philippines.
- A.
AMLC
- B.
BSP
- C.
Covered Person
- D.
None of the Above
- 4.It is an act to disguise "dirty money" as "clean money"
- A.
Terrorist Financing
- B.
Anti-Money Laundering
- C.
Money Laundering
- D.
Suspicious Transaction
- 5.No underlying legal or trade obligation, purpose or economic justification is an example of
- A.
Covered Transaction
- B.
Suspicious Transaction
- C.
Relevant Business Transaction
- D.
None of the above
- 6.A transaction exceeding P500,000.00 within 1 banking day.
- A.
Covered Transaction
- B.
Suspicious Transaction
- C.
Relevant Business Transaction
- D.
None of the above
- 7.Files should be organized, with label and safely kept.
- A.
Record keeping and Retention
- B.
Record Filling
- C.
Record Checking
- D.
None of the above
- 8.For how long should we keep our records?
- A.
Until there is a pending AML case
- B.
4 Years
- C.
5 Years
- D.
A and C
- 9.Any person who, directly or indirectly, willfully and without lawful excuse, possesses, provides, collects or uses property or funds or makes available property, funds or financial service or other related services to support acts of Terrorism
- A.
Money Laundering
- B.
Terrorist Financing
- C.
Suspicious Transaction
- D.
Covered Transaction
- 10.Covered person must perform________ and________ to identify their clients and ascertain relevant information pertinent to doing financial business.
- A.
KYC and CDD
- B.
KYC and STR
- C.
STR and CTR
- D.
STR and CDD
- 11.An individual who is or has been entrusted with prominent public positions in the Philippines or in foreign state
- A.
OFAC
- B.
PEP
- C.
FRAUD
- D.
NEGATIVE MEDIA
- 12.What are the duties of a covered person?
- A.
CT/ST Reporting and Recording Keeping
- B.
KYC/CDD and Annual Training
- C.
Risk Asserting, KFC/CD, Recording, ST/CT Scan and Annual Treating
- D.
Both A and B
- E.
All of the above
- 13.Banks, Casinos, Insurance companies, pawnshop, money changer and remittance are example of?
- A.
Suspicious Persons
- B.
Covered Persons
- C.
Entities
- D.
Launderers
- 14.Educational background and Family history of the customer are part of the minimum requirement required.
- A.
True
- B.
False
- 15.Refers to any act or omission or series or combination thereof involving or having relation to kidnapping for ransom at Anti-Fencing Law
- A.
Lawful Activity
- B.
Unlawful Activity
- C.
Probable Activity
- D.
Transaction
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