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Quiz time - SG LDD

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

Under normal circumstances, do we need to screen Alias and/ or Former names of customer/ customer controllers/ beneficial owners and authorized signers?

a)

Yes

b)

No

2.

For the Alias and / or Former Name of client entity, under related parties tab in CDD, which of the following is correct for party type and purpose of Related Party?

a)

Other Related Parties; tag to both Country Due Diligence Requirements ‘Singapore’ and Corporate Requirement

b)

Other Related Parties; tag to Country Due Diligence Requirements ‘Singapore’

c)

Other Related Parties; tag to Corporate Requirement

d)

Board Member/Director; tag to Corporate Requirement

3.

For High Risk (including all foreign PEPs and domestic high risk PEPs), how many customer controllers that need to verify?

a)

1

b)

2

c)

3

d)

All customer controllers

4.

Can we use ACRA/ other company registries extracted from reliable/ independent sources for the verification of identity of a customer controller?

a)

Yes

b)

No

5.

For non high risk and non SDD, which of the following information that need to identify and verify for customer controllers?

a)

1) Full names (including any aliases, and former names); 2) Unique ID no; 3) Existing Residential address

b)

1) Full names (including any aliases, and former names); 2) Unique ID no; 3) Existing Residential address; 4) DOB

c)

1) Full names (including any aliases, and former names); 2) Unique ID no

d)

1) Full names (including any aliases, and former names); 2) Unique ID no; 3) Existing Residential address; 4) DOB; 5) Nationality

6.

For Independent Directors, do we need to identify and add for screening?

a)

Yes

b)

No

7.

For uploading SG (APAC) consent letter in CDD, which effective date should be selected?

a)

Signing date of consent letter

b)

Date of uploading the consent letter

c)

No specific requirement

8.

Which of the following document cannot be certified by client's customer controller or in-house lawyer/ auditor/ notary or company secretary?

a)

Memorandum and Articles of Association

b)

Identification document of other customer controllers

c)

His/ Her own identification document

d)

Board Resolution

9.

For certification, which of the following information is not required to be included about the individual certifying:  

a)

Full name

b)

DOB

c)

Signature of the certifier

d)

Position/Capacity in which they are certifying

10.

Which of the following is not classified as Institutional Investor?

a)

An entity that is wholly and beneficially owned, directly or indirectly, by a central government of a country 

b)

An approved Designated Market-Maker by SGX-ST

c)

Privately held company

d)

A Central Bank in a jurisdiction other than Singapore