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Audit & Compliance Awareness

Authored by Yazie Zariana

English

Professional Development

Used 5+ times

Audit & Compliance Awareness
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mr. A purchase a life insurance policy with Single Premium amounting RM 500,000 with EDD conducted. Then, within

3 months make a Top up of RM1.5million and subsequently make a partial withdrawal against the policy. Are the transactions suspicious?

Yes. Hence, the branch staff to reporting iSTR to the branch head for reviewing and further escalation if needed

Yes. Hence, the branch staff reporting directly to MY.AML.Reporting@aia.com and cc the branch manager in email.

No. Since EDD conducted.

No. This is customer choice for making any changes on the policy.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who breaking up large sums of money into smaller deposits or purchases, which can then be integrated into legitimate financial transactions is under which stage of Money Laundering?

Serious Offences

Placement

Layering

Integration

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customer just bought the policy for two months with large Sum assured and walk into branch to request withdrawal of policy loan on maximum cash value available. Is this Suspicious and staff require to raise iSTR?

YES

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Customers walk into branch and request to appoint beneficiary but reluctant to provide information concerning identity such as address, business activities, financial activity. Is this Suspicious and to raise iSTR?

YES

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

After reviewing the iSTR reporting from the team, the Branch Manager finds the certificate no X123456A, the partial withdrawal transaction is suspicious. As such, the manager will need to email to: -

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Anti-Money Laundering/Counter Financing Terrorism (“AML/CFT”) policy in relation to the collection of CDD requirements by insurers has been in place since which year?

2020

2019

2013

2014

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Below is Mandatory information to be obtain for CDD-Individual, except?

Occupation

Date of Birth

Residential Address

Office Address

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