PRE-TEST

The three stage of money laundering are:

The Financial Intelligence Unit of the Philippines is:

The three government agencies that supervise/regulate covered persons are:

International standards to combat money laundering and terrorist financing are issued by:

A transaction in cash or other equivalent monetary instrument involving an amount in excess of P500,000 within one banking day is a:

When the client is not properly identified, the transaction is:

The Court of Appeals shall act on the application for Freeze Order within ______________ from filing.

Freeze order is effective for a maximum of:

The ________________________ is a technical unit in the Philippines that specializes in the assessment of the AML/CFT framework of Banks and Quasi-Banks.

Statement 1: One of the functions of the Anti-Money Laundering Council is to require the submission of Covered Transaction Reports and Suspicious Transaction Reports.

Statement 2: One of the functions of the Financial System Integrity Department is to check compliance, in the course of periodic or special examination, of covered persons under its regulation and supervision.