Started 15 days ago 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. Is it permissible to use previously obtained Customer Due Diligence (CDD) for an individual customer? Yes, provided any photo ID remains in date and proof of address is within the policy time limits No Maybe Yes2. What does PEP stand for? Previously Employed Person Nothing Positively Exempt Politicians Politically Exposed Person3. What factors must be taken into account in an AML Customer Risk Assessment? Customer and Transaction Type Country/Geographical Location Service and Delivery Channels All of the above4. What factors must be taken into account within a Business Wide Risk Assessment? Type of customer and transactions Geographical and Country Risk Services and Delivery Channels All of the above5. What does STR stand for? Suspicious Transaction Report Suspect Terrorist Report Straight Through Reporting Sounds Tense Report6. Who is the Competent Authority overseeing AML compliance for Financial Services The DSP The CBI The PRSA The FSPO7. Is AML training mandatory for Financial Institutions under Irish legislation? No Yes for all staff Yes but only if you have a role in the AML team Not unless you are customer facing8. Your client is a Company - what must the (Customer Due Diligence) CDD on this client include? Proof the company exists e.g. certificate of incorporation List of directors and shareholders ID and POA for at least 1 Director All of the above9. Which of the roles below fall within the definition of Politically Exposed Person? Gardai Some Judges Clerks Doctors10. What does CTF stand for? Capture the Flags Counter Terrorist Financing Complete Technical Fault Nothing11. What are the stages of Anti-Money Laundering? Integral, Layering & Placement Layering, Planning & Integration Placement, Layering & Integration None of the Above12. Which Anti-Money Laundering Stage involves the money launderer introducing the illicit funds, or dirty money, into the financial system? Layering Placement Integration None of the aboveTime is Up!