Which one of the following might indicate micro-structuring?
Cuckoo smurfing features which three of the following? i. An unwitting bank account owner ii. An insider in a financial institution iii. An accomplice in a foreign country who deposits cash iv. Concentration of funds
What is the best way to guard against the risk of money laundering by bank staff?
Why are credit unions (building societies) vulnerable to money laundering?
At which stages of money laundering are credit cards used? Choose two. i) Layering ii) Structuring iii) Integration iv) Placement
Which of the following are money laundering risks at insurance companies? Choose two: i) Early cancellation capabilities of car insurance ii) Salesmen are incentivised iii) Underpaying insurance and requesting refunds iv) Cancelling life policies during the 'free look' period
Gold is most attractive to money launderers because it can be used in the placement phase?
Gold is most attractive to money launderers because it can be used in the layering phase?
Gold is most attractive to money launderers because it can be easily melted down?
Why are travel agents vulnerable to money launderers? Choose one.
Lawyers are more useful in money laundering than company formation agents because of the following reason:
Real estate is most often associated with and Layering and Integration
Under valuing exports are used to:
What is double invoicing?
What are the main differences between terrorist financing and money laundering?
Why does FATF recommend a risk-based approach?
Which of the following industries does the FATF guidelines not cover:
Which of the following statements is correct?
Which group of banking products is the highest risk: