NEW
Font size
WorksheetsAML/CFT & TFS - MAY 2022
Total questions: 15
Worksheet time: 30mins
Objective of AML/CFT is
To ____________ Merchantrade Services from being used to transfer fund earned through illegal/ unlawful means or exchange/transfer fund for ____________________.
allow, illegitimate
prevent, unlawful/illegal purpose.
avoid, lawful/legal purpose.
enlarge, prohibited
What is Money Laundering?
____________ of converting money/ property, which is derived from ___________ activities to give it legitimate appearance.
a series of action, prohibited
remain, legal
process, unlawful
preserve, legitimate
The stage of money laundering at which illicit money first enters the financial system called
Integration
Placement
Layering and Integration
Placement and Layering
What is terrorism financing (TF)?
The act of providing ____________________ to carried out ___________________.
monetary bear, legitimate activities.
economic support, lawful activities.
financial support, terrorist activities
money, profit organization
Example of Unlawful Activities?
I. Bombing
II. Donation
III. Campaign
I only
II only
I and II only
I and III only
________________________________ refers to the act of providing funds or financial services which are used, in whole or in part, for the manufacture, acquisition, possession, development, export, trans-shipment, brokering, transport, transfer, stockpiling or use of nuclear, chemical or biological weapons and their means of delivery and related materials (including both technologies and dual use of goods used for non-legitimate purposes). In contravention of national laws or, where applicable, international obligations.
Proliferation Financing
Terrorism Financing
Money Laundering
Anti-Money Laundering
KYC policy is to ___________ the Company from being used, intentionally or unintentionally, by criminal elements for money laundering activities.
prevents
ensures
allows
accepts
ODD is the part of ______________ process where transaction data of customers is monitored to identify __________________ or ___________________.
monetary bear, legitimate activities, illegitimate activities
risk monitoring, irregular transaction pattern, suspicious transaction activities
financial support, lawful, unlawful
money laundering, terrorism, financing
When to perform CDD?
Establishing business relations (New Customer).
It has any doubt about the accuracy or adequacy of previously obtained information
It has any suspicion of ML/TF regardless of the amount
All the above
ECDD are:
Non face-to-face relationship
High risk customer / transaction based on Risk Matrix calculation
Customer originate from High Risk Countries or transaction to High Risk Countries
All of the above
PEPs are ____________ and _________________ entrusted with prominent public functions which include their immediate family members and close associates, who obviously benefit significantly from being close to the PEPs and have similar reputation risks as the PEPs themselves.
resident, local
local,foreigner
internal,core
main, non-resident
STR should submit to:
str@mtradeasia.com
compliance.unit@mtradeasia.com
compliance.division@mtradeasia.com
bpu@mtradeasia.com
Below are the factors of risk based approach EXCEPT
Product and Services
Payment Mode
Transaction
System
Which are the following the two types of suspicious transaction
Countable and Uncountable
Quantitative and Qualitative
Legal and illegal
Lawful and Unlawful
What is money muling ?
A money mule is a person who receives money from a third party in their bank account and transfers it to another one.
Called "smurfer"
All of the above
