AML Compliance Quiz
Authored by Chirag G
Professional Development
Professional Development
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Prevention of Money Laundering Act, 2002 (PMLA) came into effect from _______________
1-Jul-2005
1-Jul-2004
1-Jul-2006
None of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the stages of money laundering which are resorted to by the launderers & insurance institutions
Integration-Layering-Placement
Layering-Placement-Integration
Placement-Layering-Integration
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
____________ is filled with financial, regulatory and operational dangers
Compliance
Non-Compliance
Both of the above
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
AML Guidelines for Insurance institutions came w.e.f_________________
1-Jul-2006
1-Jul-2005
1-Aug-2006
None of the above
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the ____________ stage, multiple accounts, intermediaries, banks, trusts, countries used to disguise source of the funds.
Placement
Integration
Compliance
layering
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________________is mandatory for the Insurer and intermediaries.
Compliance
Non-Compliance
Both of the above
None of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the ________________ stage, illegal funds/assets are brought into the financial system.
Placement
Integration
layering
Compliance
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