AIS AML-CTF Training Quiz

Name:

The process by which criminals attempt to conceal the true origin and ownership of the proceeds of their criminal activities.

An internal suspicious transaction report is primarily made to:

The money laundering offence where a person provides information to the suspected money launderer or some other person which prejudices or is likely to prejudice an investigation into alleged money laundering is:

Who is the MLRO for AIS Financial Group?

A written report which sets out and contains the grounds for which a financial institution holds a suspicion about a particular client and/or transaction or series of transactions that may involve the proceeds of criminal conduct or an offence under a specific legislation which criminalizes money laundering is a Transaction Monitoring Report

Individuals who are or have been entrusted with prominent public functions, including heads of state or of government, senior politicians, senior government, judicial or military officials, senior executives of publicly owned corporations and important political party officials are:

Structured cash deposits and withdrawals, and international funds transfers to high-risk jurisdictions conducted at multiple branches of the same reporting entity and/ or multiple low- value domestic transfers to a single account and cash deposits made by multiple third parties, which could be indicative of fundraising for terrorism financing are potential indicators of:

The act where any person, provides or makes available funds or financial services, whether directly or indirectly, to persons with the intention or knowledge that such funds are to be used in whole or in part for, amongst other things, the manufacturing, development, production, distribution, or supply of nuclear, chemical, or biological weapons for use in terrorist acts.

Financial crime can only be committed by external parties to an organization.

Only the compliance department are expected to be alert to money laundering, fraud, bribery, corruption, financial sanctions and all other forms of financial crime.

There are three (3) stages of Money Laundering, place the below stages in order by dragging (on the left) or clicking the arrows (on the right) each stage in the correct position:

Financial Institutions who intentionally make or provide false or misleading statements or omit a material fact, will be subject to imprisonment of 5 years or to a fine of up to $500,000 or both.

Failure to report a STR – imprisonment for a term of up to five years or to a fine of up to $500,000 or both.