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  1. Surveys
  2. 2017
  3. January
  4. A
  5. AML
0%
Exit Survey
 
 
A number of recomendations have been made by whom?
 
Financial Action Task Field
 
Financial Aging Terror Fund
 
Fincial Action Task Force
 
Finacial Laundering Task Force

 
 
 
Under FATF guidelines companies have a duty of care called what?
 
Know Your Customer
 
Monitor Customers manually
 
Customer Due Care
 
Customer Due Diligence
 
 
 
Why is it so important to know that your client is the person they claim to be
 
 
Because it is the law
 
Because the relationship is based on the integrity of the representations
 
Because identity theft is quite common
 
 
 
Who are categorized as exposed persons?
 
Persons with credit exposures
 
Persons whose hidden dealings are discovered
 
Persons who have a level of influence, or who has been entrusted with prominent public functions
 
 
 
Know Your Customer (KYC) - Customers are required to provide what compulsory documents when they become clients?
 
Passport
 
Proof of residential address
 
Reference letter
 
Birth Certificate
 
Client Profile
 
Driving Licence

 
 
 
How long are verification records required to be kept
 
5 Years
 
2 Years
 
6 Months
 
3 Years
 
 
 
If I see something that looks suspicious what should I do?
 
Say nothing and hope that it will go away
 
Inform your Supervisor or Manager
 
Inform the MLRO immediately
 
Contact the Police
 
 
 
Failure to report suspicious activities can result in penalties or legal action against you and your company?
 
True
 
False
 
 
 
If I don't report activity that is deemed suspicious and is later discovered has been involved in money laundering - what will happen?
 
You could be held guilty of an offence and liable to a fine or imprisonment.
 
Landmark will be fined
 
The MLRO will be held guilty of an offence and liable to a fine or imprisonment.
 
Nothing will happen