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WorksheetsOverview on AML & CFT
Total questions: 10
Worksheet time: 5mins
The offences, by committing which within or outside the country, the money or property derived from is laundered or attempt to be laundered is known as
Money Laundering Offence
Predicate Offence
Criminal Offence
When the objective is to conceal the criminal origin proceeds or to disguise the source, ownership, location of the fund, it is known as
Placement
Integration
Layering
One of the common money laundering red flags is
Inconsistent Account Activity
Licit Fund
Wire Transfer
A corporation without any active business operations or assets is called
Associate Company
Shell Company
Unlimited Company
Funds used for ______ may be sourced from legal origin.
Terrorist Financing
Shell Company
Placement
When the objective is to absorb illegal funds into the financial system, appearing legitimate, it is known as
Placement
Integration
Layering
______ involves fake, non-existent investment schemes in which the investors are tricked into investing on the promise of unusually attractive returns.
Panama Scheme
Ponzi Scheme
Paradise Scheme
When the objective is to introduce funds or the proceeds of crime into the financial system, it is called
Placement
Integration
Layering
Under invoicing and over invoicing are two of the most common techniques used in
Credit Backed Money Laundering
Structuring
Trade Based Money Laundering
Money trail for terrorist financing is often
Circular
Linear
Quadratic
