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AML Night

Authored by Jarret Tan

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Used 5+ times

AML Night
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10 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the role of the Governing Body in the 3 Line Model?

Review regulations and sets the direction of the company

Conduct daily meeting with employees

Liaise with business partners

None of the Above

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the purpose of COSMIC?

For FI to file STR

For FI to share information on customer and transactions that cross materiality threshold

For FI to share customer personal Data

For FI to retrieve latest trend by MAS

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of these are not part of employee training and awareness?

Snapshot awareness sessions

Annual AML refresher

CYS AML policy and directives

This is a trick question, all are correct

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the purpose of Onfido?

Transaction monitoring

Payment processing

Biometric Identification and screening

All of the above

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is CYS 3 lines of defense?

Placement, Layering & Integration

Governing body, Managment, Internal audit

On-boarding, Transaction monitoring, Mitigation

None of the above

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the Purpose of CYLYNX Program?

To monitor customers' transactions for any anomalies

To submit regulatory reports to MAS

To allow CYS to build a database of its customers

To replace the function of TMS

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is not mandatory during Transaction Monitoring (TM)?

Purpose of remittance

Sender - Beneficiary relationship

Source of funds

Gender of beneficiary

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