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WorksheetsFinal Assessment - Fundamental of Banking Operation
Total questions: 20
Worksheet time: 20mins
Below are the foreign commercial banks in Malaysia except:
Mizuho Bank (M) Berhad
Sumitomo Mitsui Banking Corporation Bank (M) Berhad
Industrial and Commercial Bank of China (M) Berhad
Deutsche Bank Akteingesellschaft
One of the roles of Investment Bank is:
Provision of guarantee for loans
Provide deposit services and current account facilities
Manage investment portfolio
Provide product & services based on Syariah Law
Bank Negara Malaysia was established on:
26 January 1956
26 January 1959
29 January 1956
29 January 1959
The maximum possible penalty imposed for breaching the FSA/IFSA is:
Jail term of 5 years or RM8 million fine or both
Jail term of 10 years or RM50 million fine or both
Jail term of 5 years or RM10 million fine or both
Jail term of 10 years or RM10 million fine or both
Which of the following Act is not repealed by the FSA/IFSA?
Banking and Financial Institution Act 1989
Payment System Act 2003
Hire Purchase Act 2003
Islamic Banking Act 1983
Non-compliance of Section 248/259 (FSA/IFSA) can result in:
Jail term not exceeding 10 years / fine not exceeding RM50 million or both
Jail term not exceeding 5 years / fine not exceeding RM5 million or both
Jail term not exceeding 8 years / fine not exceeding RM25 million or both
Jail term not exceeding 10 years / fine not exceeding RM10 million or both
Under AMLATFA 2001, failure to retain client's records for minimum 6 years from date of account closure is subject to:
a fine not exceeding RM1 million or 1 year imprisonment
a fine not exceeding RM3 million or 3 years imprisonment
a fine not exceeding RM3 million or 5 years imprisonment
a fine not exceeding RM5 million or 5 years imprisonment
Which of the following statement is false?
Money laundering is a process of converting dirty monies to clean monies to give it the appearance of having been obtained from a legitimate source
All front line staff is subject to annual training as per Group AML/CFT Policies and Procedures
Tipping-off refers to anyone who discloses to any other person, information or any other matter which is likely to prejudice the investigation and if convicted, will be liable to a fine not exceeding RM1 million or jail not exceeding 1 year or both
The 3 stages of money laundering generally start with placement followed by integration and layering
Which of the following is not an offence under AMLATFA 2001?
Bribery / misuse of position
Tax evasion
Carrying on a business with a valid deposit taking license
Criminal breach of trust
Which of the following is not a deposit account transaction?
Withdrawal with passbook
Encashment of cheque
Transfer through MoneyGram
Renewal with interest on maturity
Savings and Current Account will be classified as "Dormant Account" when it is inactive for more than.......
1 year
3 years
5 years
7 years
The minimum age for an individual to open a current account is:
21 years old
12 years old
18 years old
20 years old
The minimum age for an individual to open a fixed account is:
21 years old
12 years old
18 years old
25 years old
The minimum amount to open a fixed deposit account for 1 month is:
RM 1,000.00
RM 2,000.00
RM 5,000.00
RM 10,000.00
The following fund transfers are transacted in RM except:
Local Fund Transfer
IBG
RENTAS
SWIFT transfer
FSA / IFSA came into force on:
30 January 2013
30 June 2013
30 July 2013
30 April 2013
Non-compliance of Section 137/149 (FSA/IFSA) can result in:
Jail term not exceeding 10 years / fine not exceeding RM50 million or both
Jail term not exceeding 5 years / fine not exceeding RM5 million or both
Jail term not exceeding 8 years / fine not exceeding RM25 million or both
Jail term not exceeding 10 years / fine not exceeding RM10 million or both
Non-compliance of Section 133/145 (FSA/IFSA) can result in:
Jail term not exceeding 10 years / fine not exceeding RM50 million or both
Jail term not exceeding 5 years / fine not exceeding RM10 million or both
Jail term not exceeding 8 years / fine not exceeding RM25 million or both
Jail term not exceeding 10 years / fine not exceeding RM10 million or both
The 3 stages of money laundering are:
Placement, Integration & Layering
Placement, Layering & Integration
Integration, Layering & Placement
Layering, Placement & Integration
Donations, business sponsorship to support their activities and favoring underground financial system is normally the preferred choice for:
Money Laundering
Terrorist Financing
