Compliance

___________-focused are individuals who are motivated by growth and advancement.

• Network

• Promotion

• Prevention

• Career

Identify any one risk to institutions for violations of AML laws.

• Asset seizures.

• Civil money penalties.

• Loss of stock value.

• All of the above

Mention the most least method used for financing terrorism?

• Kidnapping for ransom

• Trafficking of humans

• Contributions of charities

• Wiring funds internationally

Which of the following best describes the “alternative remittance system”?

• The transfer of values between countries, outside of the legitimate banking system.

• A non-electronic data remittance system used in several foreign countries to report suspicious activities.

• Old-fashioned reporting requirements commonly used in non-cooperative countries and territories.

• The transfer of funds between two or more financial institutions using concentration accounts.

Project _____ is an initiative of El Camino Real promoting the IRS-CI Law Enforcement Assistance Program on identity theft.

• Green River

• Divining Rod

• Maestro

• Reveal

Unsupervised __ algo­rithms can be used to group customers into cohesive group­ings based on their behavior.

• Artificial intelligence

• Natural language processing

• Machine learning

• All of the above

Dormant/ in operative account means ____________.

• No debits/credits in account for a certain period

• Dead Account without any operation for long

• No debit entries, but certain credit entries for a certain period

• Fixed asset account of the bank

Indicators of suspicious transactions of a customer account are –

• Depositing high value third party cheques in favor of account holder.

• Sudden increase in cash deposits

• Receipt or payment of large sums of cash, which have no obvious purpose

• All of the above

The term Hawala is a ____________ word?

• Telugu

• English

• Arabic

• Islam

Which of the following committee is accountable for implementation of KYC guidelines at Apex level of the Financial Institution?

• Treasury Management Committee

• Risk Management Committee

• Audit Committee

• Branch Committee