Transaction monitoring v.2

Except from reporting potentially suspicious activity Financial Institutions are also required to report all transactions meeting certain criteria, without determine first, whether the transaction is suspicious. This process is called:

• Non-suspicious activity report

• Automatic Reporting

• Blind Reporting

• Threshold Reporting

SWIFT means:

• Secure Worldwide Interbank Financial Transfer
• System for Worldwide Interbank Financial Transactions
• Society for Worldwide International Financial Transactions
• Society for Worldwide Interbank Financial Telecommunication

SEPA means:

• Single Euro Payments Area
• Secure Electronic Payment Authorization
• Standard European Payment Agreement
• South East Payment Association

SORBNET was created to settle payments in PLN. Does it provide payments in EUR?

• Yes

• No

The algorithm that teaches the AST to recognize words and/or names

that it is supposed to ignore is called:

• Pause word algorithm
• Halt word algorithm
• Cease word algorithm
• Inequalities list (known as a ‘White List’)

Why SWIFT is one of the most commonly used payment method?

• Because it is the fastest payment method available
• Secure and standardized messaging system
• SWIFT is not commonly used for payments
• It is the cheapest payment method

The BIC is:

• Bank Identifier Code
• Basic Income Credit
• Bureau of Internal Control
• Business Investment Calculator

SWIFT message breakdown: in the field 52a we can find information about:

• Beneficiary

• Sender’s reference

• Currency/Transaction Amount

• Account Servicing Institution

"VASP" means:

• Virtual asset service provider

• Visual Application for Simulation Processing
• Virtual Analysis and Simulation Platform
• Very Advanced Simulation Program

what are the two general filtering used in sanction screening :

• Color screening and size screening
• Number screening and email screening
• Name screening and transaction screening
• Date screening and location screening