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DNFBP Quiz

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

1. Money laundering is a

a)

Civil offense

b)

Criminal offense

c)

Commercial offense

d)

Not an offense

2.

The crimes of money laundering under UAE federal laws is applicable to UAE free zones.

a)

Yes

b)

No

3.

Under the UAE federal laws, Tax crimes, fraud is a

a)

Civil offense

b)

Commercial offense

c)

Punishable offense

d)

Criminal offense

4.

One of the stages of money laundering is

a)

Due diligence

b)

Accounting

c)

Placement

d)

Transportation

5.

Under the provisions applicable to Designated Non financial Businesses and Professions

following are all covered except:

a)

Stock exchange brokers

b)

Real estate brokers & agents

c)

Professionals including Auditors, Accountants, & Tax Advisors

d)

Dealers in precious metals & precious stones

6.

A High Risk Customer could be

a)

Customer paying through local bank cheque

b)

Customer from North Korea

c)

Customer negotiating price before buying

d)

Customer enquiring real estate prices, location and rental

7.

The last date for registration for Designated Non financial Businesses and Professions is

a)

March 15, 2021

b)

March 31, 2020

c)

March 31, 2021

d)

Dec 31, 2021

8.

For every person who is in Designated Non financial Businesses and Professions, appointment of

compliance officer is

a)

Optional

b)

Compulsory

9.

Tipping off a customer of his involvement in a criminal activity is an offense

a)

Yes

b)

No

10.

system on the website of UAE Central Bank to report suspicious activity is called

a)

STR system

b)

GoAML

c)

Google authenticator

d)

Anti Money laundering system