UNICEF Project

Money Laundering means

• Money from own origin

• Money from Illegal sources

• Money from the Bank

EDD and CDD are used to

• to customers or transactions that pose a higher risk of money laundering, terrorism financing

• to men or women that pose a higher risk of money laundering, terrorism financing

• to suppliers or entities that pose a higher risk of money laundering, terrorism financing

• All of them

EDD is used to verify

• the additional background checks.

• the senior management approval needed.

• Both of them

CDD is used to verify

• the basic ID verification

• the fundamental ID verification

• Both of them

UN sanction list is used to verity

• the blacked individuals and entities.

• the criminal individuals and entities.

• Both of them

The causes of fraud are

• Personal needs

• Weak controls

• Rationalisation

• All of them