Career Day - Cash Ops Quiz

What is the definition of Money Laundering?

• The process of conducting financial transactions with the proceeds of criminal activity in such a manner as to conceal the source, illicit origin or true ownership of the assets.

• The motivation behind it is ideological, as opposed to profit seeking. Funds are destined for a “purpose” rather than for profits.

• The ‘dirty’ money is washed in the washing machine and later dried and used to purchase luxury items or assets.

• The process of applying legal funds to purchase assets or investments.

When incidents occur staff may talk to media/family/friends/ and discuss about the disaster in detail

• True

• False

What should you do in case you come across suspicious transactions?

• Cancel the instruction

• Go ahead and process the transaction

• Keep quiet about it

• Consult with Line Managers

Select the Sanctions authorities:

I. Her Majesty’s Treasury (HMT)

II. Office of Foreign Assets Control (OFAC)

III. United Nations

IV. Country’s Central Bank

• I, II, III and IV

• I, II and III

• I & II

• III and IV

Which one of the following items fall under the Zero Tolerance items?

I. Security breach

II. SV, call back not performed

III. EOD reconciliation not done

IV. Password sharing

• I & II

• III and IV

• I, II and III

• I, II, III and IV

In Group Code of Conduct, there are 15 codes to adhere by all members of staff in SCB. Which code listed below is NOT part of the Group code of Conduct?

• Do the right thing

• Speak up

• Protect confidential information

• Take part in Insider Dealing

You are on leave, your team leader calls you stating that in office many staff not truned to office - unplanned leaves and a transaction needs to be processed immediately and he needs your system user ID and Password

• Your ID has only making access, no checking access is available hence can be given to TL

• Check with your manager and if says OK you can share the ID and Password

• Report to your manager and advise him that you have received a call and you will not able to share.

You get a call from a person who claims to be a staff in other department and he need account information of a particular account

• You take the account number from the person and give him the details he require over the phone

• Take his mail ID and send him a screen print

• Advise him to send a formal request to you with a CC to your manager and discuss this with you manager

What is the best way of ensuring that anti virus software is regularly updated in your computer?

• switch off your computer at the end of the day

• switch on the computer and leave for the day

• press ctrl+alt+del

SWIFT is an efficient ________ system.

• Messaging

• Payment

• Clearing

• None of the above