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AML Compliance Quiz-IT

Authored by Qamar Ak

Professional Development

Professional Development

Used 1+ times

AML Compliance Quiz-IT
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a predicate offence to money laundering under UAE law?

Tax evasion

Insider trading

Environmental crime

Bankruptcy

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary role of the Financial Intelligence Unit (FIU)?

Conduct criminal investigations

Prosecute financial criminals

Receive and analyze suspicious transaction reports

Supervise financial institutions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which sector is now facing stricter AML/CFT regulations due to emerging risks?

Agriculture

Real estate

Virtual assets and fintech

Education

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these best defines a Politically Exposed Person (PEP)?

Any person with a large amount of money

An individual holding a prominent public function

A person under investigation

A high-risk customer based on occupation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What kind of system is recommended for screening PEPs?

Manual reports only

Automated screening systems

In-person verification

None required

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What risk does cloud computing introduce to AML systems?

Higher transaction fees

Improved system performance

Data breaches and unauthorized access

Reduced data redundancy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The UAE has how many Free Trade Zones (FTZs)?

5

12

24

More than 37

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