Suspicious Transaction Quiz

What is a Suspicious Transaction?

• Any transaction involving high amounts

• Any transaction reported to law enforcement

• A transaction that suggests potential involvement in ML/TF/PF

• Any international transaction

Which of the following is NOT typically an indicator of suspicious transactions?

• Complex transactions

• Transactions matching peer behavior

• Bulk cash deposits

• Dealings between unrelated businesses

The term "reasonable grounds" refers to:

• Evidence-based conclusions only

• Internal policy requirements

• An informed judgment based on all available facts

• A legal finding by a court

Which of the following would NOT likely be a red flag for suspicious activity?

• Dormant accounts suddenly active

• Low-volume accounts

• Transactions just below reporting thresholds

• Unusual wire transfers

One role of frontline staff in detecting suspicious activity is to:

• Freeze accounts immediately

• Approve all transactions

• Alert the compliance department

• Contact law enforcement directly

Which is NOT part of the detection framework?

• Staff training

• Legal enforcement

• Software & automation

• Periodic reviews

Which platform is used for STR/SAR reporting in the UAE?

• AML Watch

• SAR Portal

• GoAML

• STRLink

In a non-expedited case, how long does a Compliance Officer have to file a SAR after determination?

• 24 hours

• 5 days

• 15 days

• 30 days

A good SAR narrative should NOT include:

• Chronological sequence

• Technical acronyms

• Customer information

• A brief summary of suspicion

One of the most common mistakes in SAR filings is:

• Using XML format

• Filing too early

• Leaving the narrative blank

• Including too much supporting documentation