Money Laundering means:
The implementation of KYC in banks primarily addresses which one of the following risks:
When banks sell third party products (such as insurance, mutual funds etc) as agents, the responsibility for ensuring compliance with KYC/AML/CFT regulations ……….
Under the KYC guidelines, banks need to conduct EDD - ‘Enhanced due diligence’ in all the following cases except in case of ….
As per KYC guidelines, which one of the following customers is having high risk?
The risk of money laundering or terrorist financing is lower in ……….
FATF is an inter-governmental body of G7 group of countries, a policy making body which sets standards to combat money laundering and financing of terrorism. FATF stands for …….
Unusual activities in respect of an customers account is/are -
Typically, money laundering involves three steps - Name the first step of money laundering.
Name the second step of money laundering
Name the third step of money laundering
Which of these is not a form of money laundering?
The risk-based approach to money laundering includes?
Which is not a recognised form of due diligence?
What would a money launderer use a car wash for (in addition to washing their car)?
Name the Netflix movie about the Panama Papers.
What is one way a money launderer can attempt to launder his money?
Which of these describes a shell company?
Which of the following best describes money laundering?
What does smurfing involve?
Which of the following is not an example of layering?
What are key effects of money laundering on countries? Choose three. i) Reputation risk ii) Losing control of regulatory policy iii) Being forced into adverse fiscal policies iv) Losing control of monetary policy
Which of the following are most vulnerable to the placement stage of money laundering? Choose two. i) Purchasing diamonds ii) Overpaying a credit card balance iii) Obtaining cashiers cheques iv) Internet casinos
Which of the following is a correct statement?