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WorksheetsFinancial Crime
Total questions: 10
Worksheet time: 7mins
In the short term, financial crime is perceived as being nontraumatic. However, in the longer term, deceitful behaviour has a traumatic impact on businesses and communities.
True
False
The following are components of financial crime except
It is deceitful
It breaches trust
It is intentional
it involves a fair consideration of the third party
The following are forms of financial crime except
Fraud or dishonesty
Bribery and corruption
Armed robbery
Market misconduct, including the misuse of information relating to a financial market
--------- is the first stage of money laundering
(a)
The second stage of money laundering is --------
(a)
----------- is the final stage of money laundering
(a)
There are about 100 countries and jurisdictions committed to implementing the FATF recommendations and standards
True
False
---------- is the only FATF observer country
(a)
The following are FATF 40 recommendations except
Risk-based approach to AML
Implementation of a national policy to AML
Top-down approach combat of AML
The use of sanctions
FATF 40 PLUS 9 recommend
Criminalizing the financing of terrorism and associated money laundering
International cooperation
Freezing and confiscating terrorist assets
Reporting suspicious transactions related to terrorism
