nasbd2000
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Basic Aml quiz

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nasbd2000
Created by nasbd2000 about 10 years ago
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AML

Question 1 of 10

1

What is money laundering

Select one of the following:

  • Money laundering can be referred to as a means of hiding the proceeds of crime

  • Money laundering can be referred to as a means of committing crimes

  • Money laundering can be referred to as a means of Gambling

  • Money laundering can be referred to as a means of hiding victims of crime

Explanation

Question 2 of 10

1

which option best describes the money laundering process?

Select one of the following:

  • placement, layering,integration

  • layering,placement ,integration

  • integration,layering,placement

  • placement, layering,investment

Explanation

Question 3 of 10

1

which option best describes the money laundering process?

Select one of the following:

  • placement, layering,integration

  • layering,placement ,integration

  • integration,layering,placement

  • placement, layering,investment

Explanation

Question 4 of 10

1

which of these options describes a money laundering scheme/technique?

Select one or more of the following:

  • Smurfing

  • illegal Cash importation

  • Cash structuring

  • Use of mules

Explanation

Question 5 of 10

1

Which one of these options is not a predicate offense to money laundering?

Select one of the following:

  • Tax evasion

  • Drugs smuggling

  • Human trafficking

  • Vandalism

Explanation

Question 6 of 10

1

Which one of these options is not a predicate offense to money laundering?

Select one of the following:

  • Tax evasion

  • Drugs smuggling

  • Human trafficking

  • Vandalism

Explanation

Question 7 of 10

1

The source for terrorism financing can be both from legal as well as illegal sources

Select one of the following:

  • True
  • False

Explanation

Question 8 of 10

1

The difference between money laundering and terrorist financing is that the source of funds for money laundering can only be from proceeds of crime while terrorist financing can be from both legal and illegal sources

Select one of the following:

  • True
  • False

Explanation

Question 9 of 10

1

Which one of these institutions is vulnerable to money laundering

Select one or more of the following:

  • Non-Governmental Organizations (NGOs)

  • Banks

  • Money service business

  • All of the above

Explanation

Question 10 of 10

1

Which of these law(s) and regulation support the fight on AML/CFT in Nigeria

Select one or more of the following:

  • Money Laundering Prohibition Act,2011

  • Central Bank of Nigeria AML/CFT regulations

  • BOFIA 2004

  • All of the above

Explanation