AMLA FUNDAMENTALS ASSESSMENT

What is the government body that fights against Money Laundering?

• ADB

• AMLC

• DBP

• PNP

Which of the following is not a predicate crime?

• HIGH TREASON

• KIDNAP FOR RANSOM

• ILLEGAL NUMBER OF GAMES

• ILLEGAL LOGING

What is Money Laundering?

• WASHING BILLS AND COINS TO MAKE THEM CLEAN

• PROCESSING OF INCOME TAX

• MAKING PROCEEDS FROM ILLEGAL/CRIMINAL ACTS SEEM LEGAL

• DEPOSITING MONEY FROM JUSTIFIED INCOME

The Anti-Money Laundering Act of 2001 is what under?

• RA 1000

• RA 10173

• RA 9160

• RA 3765

Who is the Head of the AMLC?

• HEAD OF INSURANCE COMMISSION

• BSP GOVERNOR

• SECURITIES AND EXCHANGE COMMISSIONER

• PDIC

What are kind of transactions to be reported to AMLC?

• COVERED TRANSACTIONS

• SUSPICIOUS TRANSACTIONS

• NONE

• A AND B

How many predicate crimes are connected to Money Laundering?

• 24

• 14

• 9

• 36

What are the three members under the Anti-Money Laundering Council?

• BSP, IC, SEC

• BSP, PNP, SEC

• SEC, IC, PNP

• BSP, DOJ, PNB

What are the stages of Money Laundering?

• DEPOSITING, PROCESSING, WITHDRAWING

• PLACEMENT, LAYERING, INTEGRATION

• CONCEALMENT, APPLICATION, REMOVAL

• CUSTOMER DUE DILIGENCE, TRANSACTION REPOERTING, RECORDING