Started November 20, 2019 0 HC FINANCIAL Annual AML & CTF Training Assessment Please take your time and fill out all the answers to the best of your knowledge Please note you need a minimum of 9 out of 12 correct answers to pass the quiz Good Luck! Name: Email Address 1. Placement, layering and integration are the three stages in the Money Laundering process True False2. Which of the following are the three categories of Customer Due Diligence? Simplified Customer Due Diligence, Enhanced Due Diligence, Standard Due Diligence Satisfactory Customer Due Diligence, Enhanced Due Diligence, Standard Due Diligence Simplified Customer Due Diligence, Easy Due Diligence, Standard Due Diligence Simplified Customer Due Diligence, Enhanced Due Diligence, Significant Due Diligence3. Enhanced Customer Due Diligence must be applied to non-domestic PEPs only. True False4. Standard Due Diligence Factors which indicate lower risk includes EU member states. True False5. A Personal Data Breach should be notified to: Central Bank Office of the Data Protection Commissioner Competition & Consumer Protection Commission6. Under GDPR Retention policy, how long can personal data be kept for? For at least 6 years from date of last transaction To be kept on a “just in case” basis7. The Business risk assessment must be approved by senior management True False8. The outcome of the business risk assessment should inform the firm's risk-based approach and the design of AML/CFT controls. True False9. The threshold of 25% of ownership/control (shares, voting rights, capital) was removed for which category of beneficial owner: Company Partner Trust10. A formal training schedule should be developed and maintained to ensure all relevant staff are adequately trained at least annually. True False11. Which of the following bodies should an external Suspicious transaction report be made to? Central Bank of Ireland and Revenue Commissioner FIU via GoAML and Revenue Commissioner Revenue Commissioner and Pensions Authority12. The MLRO must report all suspicious transactions reported to him/her to the appropriate authorities True FalseTime is Up!