Trade Finance

The three stages of money laundering:

• Layering -> Placement -> Integration

• Integration -> Layering -> Placement

• Placement -> Integration -> Layering

• Placement -> Layering -> Integration

It is always reasonable that goods shipped are inconsistent with the customer's industry or operations, or unrelated to the customer's business nature.

• True

• False

If TBML local laws are different from CUB internal policies, overseas offices are required to adopt the stricter one.

• True

• False

When an employee identifies a Red Flag, he/she should immediately contact client and inform client that the transaction is suspicious and under investigation by the bank.

• True

• False

An employee can only report a suspicious TBML case to manager/ AML officer for further consultation/investigation if he/she finds concrete evidence that it is a true fraud/ crime.

• True

• False

On verifying trade transaction, it's important to make sure prices indicated on invoices and other shipping documents should not be inconsistent or significantly different from fair market values.

• True

• False