Compliance Training Quiz
Compliance Training Quiz
Test your knowledge on essential compliance training concepts and regulations with our engaging quiz. Whether you are a professional in the financial sector or a curious learner, this quiz is designed to enhance your understanding of important compliance practices.
Key Features:
- 11 multiple-choice questions
- Immediate feedback on correct answers
- Enhance your compliance knowledge
Where non-nationals are unable to provide a Banker’s reference when establishing a relationship, the following can be accepted
An original or online bank statement from their foreign bankers, no older than three (3) months
Job letter
Reference from local business
None of the above
True or false: A property owner who rents or leases houses, apartments and/or buildings for commercial or residential purposes for less than three (3) years and is NOT a Real Estate Agent is required to be registered with FIUTT.
True
False
The process whereby fraudsters purporting to reside in foreign countries create Facebook profiles using stolen photographs of handsome men for the purpose of luring unsuspected women to contact them is known as
Dating
Commingling
Romance Fraud
Chargeback transactions
Who is the Designated Compliance Officer at the Branch Level whereby all unusual or suspicious transactions should be reported?
Compliance Officer
Customer Service Supervisor
Board Appointed Official
Account Manager
What is the threshold whereby customers will now be permitted to establish a Personal RIM record and personal deposit account to facilitate their banking needs?
$20K per month
$90K per month
$500K per annum
$1M per annum
The document to confirm a customer’s address must now be no older than
3 months
2 months
4 months
6 months
What document is required if a staff member observes or has suspicions as to the validity of the transaction or activity?
Proposal
Suspicious Activity Report
Unusual Activity Report
Admin Reporting Portal
What document is used at the on-boarding stage to determine whether the customer is considered High, medium or Low risk?
National ID, Passport or DP
Job Letter or Pay Slip
AML Customer Risk Rating Form – AML 5
Customer Information Form-AML 4
What documents are non-salaried persons required to advise how they will fund their accounts (e.g. Via allowances or stipend etc.)?
Evidence of income from spouse of otherwise
They are required to advise how they will fund their accounts (e.g. Via allowances or stipend etc.). However, they are not required to submit documentary evidence to justify same.
Completion of customer information sheet
Letter from customer indicating how they will fund the account
Name the three stages of Money Laundering process
Placement, Layering, Investigation.
Layering, Intergration, absorption
Layering, Acceptance, Placement
Placement, Layering, Intergration.
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