AML and terrorist financing training materials—post-training assessment questions
AML and terrorist financing training materials—post-training assessment questions

The following Risk & Compliance precedent provides comprehensive and up to date legal information covering:

  • AML and terrorist financing training materials—post-training assessment questions

How to use this test

These questions are designed to test your understanding after your attendance at training on anti-money laundering and counter-terrorist financing.

After you have completed this test, please return it to [insert name].

General

Name of person completing test[Insert name]
Role[Insert role]
Date[Insert date]

Circle the correct answer.

The law and red flags

Circle the correct answer.

QuestionMultiple choice answers
1. What is money laundering?(a) The process through which proceeds of crime and their true origin and ownership are changed so that the proceeds appear legitimate
(b) Soliciting or accepting a bribe
(c) Employees taking money from customer accounts and using it to fund crime
2. What is terrorist financing?(a) Terrorising customers by demanding money
(b) Providing/collecting funds from legitimate or illegitimate sources for terrorist acts
(c) Providing/collecting funds from illegitimate sources for terrorist acts
3. What are red flags?(a) Warning signs of money laundering and terrorist financing
(b) A formal label attached to risky customers in a SAR
(c) An indication that a customer is low risk
4. What would put you on notice in relation to a customer?(a) An angry customer
(b) An obstructive or secretive customer
(c) A wealthy customer
5. What is not a red flag in relation to the instructions?(a) Retainers involving high-risk third countries
(b) Retainers where at least one party is outside the UK
(c) Transactions with no clear logical, economic or legal purpose
6. What

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