Quiz on due diligence of branch operations

1.  CBS menu to report suspicious transaction?

• a.    STRRPT

• b.    AMLALERT

• c.    AMLREPORT

• d.    AMLRPT

2.  All cash transaction of the value of more than Rupees -------------- or its equivalent in foreign currency to be reported as CTR?

• a.    100000

• b.    500000

• c.    1000000

• d.    2000000

3.  CBS menu to generate report of Money Laundering Risk Categorization?

• a.    AMLRPT

• b. MLRCRPT

• c.    RPTRA

• d.    None of above

4.Which of these can be termed as a type of suspicious transaction?

• a.    Transactions Involving Large Amounts of Cash

• b.    Transactions that do not make Economic Sense

• c.    Not consistent with the Customer’s Business

• d.    All of above

5.  Which of these reports are to be submitted to FIU-IND?

• a.    Cash Transaction Report

• b.    Suspicious Transaction Report

• c.    Counterfeit Currency Report

• d.    All of above

6.  A transaction appears to have no economic rationale or bonafide purpose to be reported as?

• a.    Cash Transaction Report

• b.    Counterfeit Currency Report

• c.    Suspicious Transaction Report

• d.    No reporting required

7.  Full form of FIU-IND?

• a.    Financial Investigation Unit-India

• b.    Financial Intelligence Unit-India

• c. Fraud Investigation Unit-India

• d.     None

8.By which date of the succeeding month report of Non Profit Organization Transaction is reported to FIU-IND ?

• a. 7th

• b. 10th

• c. 12th

• d. 15th

10. 9. What is the periodicity of review of risk categorization of customers at branch ?

• a. quarterly

• b.   monthly      

• c. half yearly

• d.  yearly

10.  Enhanced Due Diligence (EDD) is not required in which of the following customers?

• a.    Non Resident Customers

• b.    High Net Worth Customers

• c.    Trusts

• d.    Farmers