Cross-Border Transactions Quiz

Which of the following is a common method for laundering money using trade?

• Over- or under-invoicing

• Investment in startups

• ATM withdrawals

• Buying real estate in regulated markets

Which activity involves creating fake loans from shell lenders to justify illicit fund inflow?

• Smurfing

• Front running

• Fake financing agreements

• Structuring

A spa operating from 12 PM to 3 AM with no online presence is most likely:

• Low risk

• Medium risk

• High risk

• Not applicable

A public sector pension protection fund is considered:

• Very high risk

• Medium risk

• High risk

• Low risk

Mr. S Hoss, based in Iran with companies in multiple high-risk jurisdictions, is likely:

• Low risk

• High risk

• Medium risk

• No risk

The UAE NRA helps in identifying, assessing, and ______ risks.

• Creating

• Ignoring

• Mitigating

• Encouraging

Which of the following is NOT a predicate offense under the UAE NRA?

• Environmental crime

• Tax evasion

• Internet use

• Kidnapping

What type of risk refers to the threats before applying any controls?

• Residual

• Managed

• Inherent

• External

What type of risk remains after mitigating measures are applied?

• Internal

• Structural

• Residual

• Client

Which of the following is a mitigating measure?

• Criminal records

• Client income statements

• Customer due diligence

• Annual turnover