AML QUIZ

Create a professional and engaging infographic that represents anti-money laundering concepts, featuring symbols of finance, law enforcement, and money flow charts.

AML Awareness Quiz

Test your knowledge about Anti-Money Laundering (AML) practices and terminology in this engaging quiz. Whether you are a beginner or have some familiarity with the concepts, this quiz is designed to enhance your understanding of vital AML principles.

11 challenging questions
Test your understanding of AML regulations
Improve your skills with practical examples

11 Questions3 MinutesCreated by InsightfulData202

What is Money Laundering?

Exposing the origins of illegally obtained funds

The origin of illegally obtained funds

Hiding legal tender

Concealment of the origins of illegally obtained funds

What does the “P” in the abbreviation AML/CFT&P stands for?

Propagation

Prevention of Weapons of Mass Destruction

Proliferation of Weapons of Mass Destruction

Prevention

Identify the stages of Money Laundering.

Placement, Layering and Integration

Identity Fraud, Hedging and Gradation

Placement, Layering, Hedging

Placement, Hedging and Integration

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.

True

False

What is smurfing?

Making small deposits over time to avoid suspicion of money laundering

Smuggling money to avoid suspicion of money laundering

Concealment of the origins of legally obtained funds

Integration of illegally obtained funds

As required by the regulator, which of the following reports must be submitted within 24 hours?

Cash Transaction and Liquidity Reports

Cash Transaction and Suspicious Transaction Reports

Cash Transaction and AML Reports

Cash Transaction and Daily Reports

The difference between the KYC of a politically exposed person (PEP’s) and low risk client is that;

Managing Director and the Head of Legal or Internal Control must sign the KYC of PEP’s

Relationship Manager and Branch Head must sign the KYC of PEP’s

Relationship Manager, Branch Head and Head of CEU must sign the KYC of PEP’s

Relationship Manager, Branch Head, Head of CEU and Head of Compliance must sign the KYC of PEP’s

What type of customer due diligence must Kuukua a Customer Service Officer, do for a Politically Exposed Person’s?

Enhanced Due Diligence (EDD)

Customer Due Diligence (CDD)

Political Due Diligence (PDD)

Medium Risk Due Diligence

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