DNFBP Quiz

1. Money laundering is a

• Civil offense

• Criminal offense

• Commercial offense

• Not an offense

The crimes of money laundering under UAE federal laws is applicable to UAE free zones.

• Yes

• No

Under the UAE federal laws, Tax crimes, fraud is a

• Civil offense

• Commercial offense

• Punishable offense

• Criminal offense

One of the stages of money laundering is

• Due diligence

• Accounting

• Placement

• Transportation

Under the provisions applicable to Designated Non financial Businesses and Professions

following are all covered except:

• Stock exchange brokers

• Real estate brokers & agents

• Professionals including Auditors, Accountants, & Tax Advisors

• Dealers in precious metals & precious stones

A High Risk Customer could be

• Customer paying through local bank cheque

• Customer from North Korea

• Customer negotiating price before buying

• Customer enquiring real estate prices, location and rental

The last date for registration for Designated Non financial Businesses and Professions is

• March 15, 2021

• March 31, 2020

• March 31, 2021

• Dec 31, 2021

For every person who is in Designated Non financial Businesses and Professions, appointment of

compliance officer is

• Optional

• Compulsory

Tipping off a customer of his involvement in a criminal activity is an offense

• Yes

• No

system on the website of UAE Central Bank to report suspicious activity is called

• STR system

• GoAML

• Google authenticator

• Anti Money laundering system