WorksheetsAML Quiz
Total questions: 10
Worksheet time: 85secs
Which of the following is NOT a step in Money Laundering?
Placement
Layering
Spending
Integration
What is the term for breaking up large sums of money into smaller amounts for deposit?
Smurfing
Shorting
Shrinking
Smuggling
Which of these activities might require a suspicious activity report?
A customer cancels a transaction and requests to do a second transaction for a less amount in order to avoid providing ID
A customer appears nervous and asks unusual questions
A customer tries to bribe a teller
All these activities
Select possible indicators to look for in Money Laundering.
Unusual volume of payment destinations, often with the same provider
Player wagers on both casino and sportsbook
Numerous withdrawals, just under the qualifying threshold
Multiple and frequent deposits followed by multiple and frequent withdrawals, either shortly afterwards or overlapping further deposits
Player uses an E-wallet
What is the laundering stage that separates the illicit money from its source, obscures the audit trail and severs links with the original crime to make it appear like a normal financial transaction called?
Legitimising
Placement
Integration
Layering
During which stage that money launderers are the most vulnerable to being caught?
Intergration
Placement
Layering
Sub nodes that's splits into further sub-nodes called ___________.
Root nodes
Decision nodes
Leaf nodes
None of the above
The Decision Tree algorithm belongs to the supervised learning algorithm.
True
False
The SVM’s are less effective when:
The data is linearly separable
The data is clean and ready to use
The data is noisy and contains overlapping points
Logistic regression mainly used for Regression
True
False
