WorksheetsTest AMLA 2001 AML/CFT/CPF TRAINING: INTERMEDIATE
Total questions: 10
Worksheet time: 20mins
Which of the following is NOT a requirement of the CDD/ODD process under BNM's AML/CFT guidelines?
Verifying the customer's identity using official identification documents
Determining the customer’s risk level for money laundering or terrorism financing
Monitoring customer transactions on a continuous basis
Collecting customer financial data solely through verbal confirmation without documentation
When the objective is to introduce funds or the proceeds of crime into the financial system, it is called
Placement
Integration
Layering
Legitimate
Which of the following is NOT considered a red flag for money laundering under the AML/CFT guidelines by BNM?
Unusually large and frequent cash transactions without a clear business purpose.
Transactions with countries known for weak AML/CFT regulations.
Regular business transactions aligned with the customer’s profile and industry norms.
Customers who avoid providing complete information or submit inconsistent documents.
Which governing body is the competent authority for the enforcement of Anti Money Laudering Act (AMLA) 2001 for AML/CFT and TFS for DNFBPs and NBFI ?
Companies Commission of Malaysia (SSM)
Securities Commission Malaysia (SC)
Bursa Malaysia
Bank Negara Malaysia
Which of the following is NOT part of the 9 core information requirements for identifying an individual customer and beneficial owner?
Full name of the individual
Nationality
Purpose of the business relationship
Social media handles
Who is NOT considered a Politically Exposed Person (PEP)?
A senior government official, such as a minister or head of a government agency.
A family member or close associate of a prominent public figure.
A senior management of a state-owned enterprise.
A mid-level manager working in a private company with no government links.
True or False
A person who directly owns 25% of a company’s shares is always considered a Beneficial Owner
True
False
Who is responsible for submitting an i-STR (Internal Suspicious Transaction Report) Form in Borneo Housing ?
CEO
Compliance Officer
HOD
All the BH staff
Transaction records and existing customer identification records should kept at least ____ years from date of transaction, the termination of business relationship or after the date of the occasional transaction.
10
7
3
6
All i-STR (internal Suspicious Transaction Report) form submission must escalate the matter directly to ___?
Head of Department
CEO
Compliance Executive/Clerk
Compliance Officer
