WorksheetsSuspicious Transaction Quiz
Total questions: 20
Worksheet time: 10mins
What is a Suspicious Transaction?
Any transaction involving high amounts
Any transaction reported to law enforcement
A transaction that suggests potential involvement in ML/TF/PF
Any international transaction
Which of the following is NOT typically an indicator of suspicious transactions?
Complex transactions
Transactions matching peer behavior
Bulk cash deposits
Dealings between unrelated businesses
The term "reasonable grounds" refers to:
Evidence-based conclusions only
Internal policy requirements
An informed judgment based on all available facts
A legal finding by a court
Which of the following would NOT likely be a red flag for suspicious activity?
Dormant accounts suddenly active
Low-volume accounts
Transactions just below reporting thresholds
Unusual wire transfers
One role of frontline staff in detecting suspicious activity is to:
Freeze accounts immediately
Approve all transactions
Alert the compliance department
Contact law enforcement directly
Which is NOT part of the detection framework?
Staff training
Legal enforcement
Software & automation
Periodic reviews
Which platform is used for STR/SAR reporting in the UAE?
AML Watch
SAR Portal
GoAML
STRLink
In a non-expedited case, how long does a Compliance Officer have to file a SAR after determination?
24 hours
5 days
15 days
30 days
A good SAR narrative should NOT include:
Chronological sequence
Technical acronyms
Customer information
A brief summary of suspicion
One of the most common mistakes in SAR filings is:
Using XML format
Filing too early
Leaving the narrative blank
Including too much supporting documentation
Which detail is critical to include in STR data fields?
Zip code
Social media profiles
Identity documents
Education level
In the case of complex investigations, a follow-up STR must be submitted within how many days?
15 days
30 days
45 days (15 + 30)
60 days
Following the filing of a SAR, institutions should NOT:
Reassess the customer’s risk
Revise KYC
Notify the customer
Document the decision to continue or exit the relationship
Defensive filing refers to:
Filing SARs as required by regulation
Filing SARs without suspicion to avoid penalties
Filing STRs only when required by the client
Filing SARs on international transactions
Tipping off is considered:
An internal procedure
Best practice for transparency
A federal crime
Required under specific conditions
The 2nd Line of Defence includes:
Internal audit
Frontline staff
MLRO and compliance functions
Senior management only
The 3rd Line of Defence is responsible for:
Recruiting AML officers
Filing STRs
Independent auditing of AML/CFT effectiveness
Conducting interviews with customers
Which of the following is a regulatory expectation post-SAR filing?
Freezing all accounts
Notifying law enforcement
Revising internal risk assessments
Changing the customer’s industry classification
What is the purpose of management reporting in AML/CFT programs?
Filing SARs faster
Tracking sales targets
Informing management about AML performance and alerts
Avoiding FIU scrutiny
Which of the following is NOT a feature of the GoAML platform?
Save attachments
Submit anonymous reports
Receive online acknowledgments
Upload XML files
