Stages of Money Laundering:

* Wrong Answer Un-checked Account Opening, KYC & Layering

* Correct Answer Checked Placement, Layering & Integration
* Wrong Answer Un-checked Layering, Concealing & Legalizing
* Wrong Answer Un-checked Placing, Transforming & embodiment
FATF means
* Wrong Answer Un-checked Financial Agency for Tariff & Forms
* Wrong Answer Un-checked Foundation for action on Trade & Finance
* Correct Answer Checked Financial Action Task Force
* Wrong Answer Un-checked Financial Agency for Trade & Finance

International standard seller for AML & CFT:

* Correct Answer Checked FATF
* Wrong Answer Un-checked PEPS
* Wrong Answer Un-checked UNC9TNDPS
* Wrong Answer Un-checked MLPA

Both Asset freezing and prohibition to prevent funds on other assets

from being made available is called
* Correct Answer Checked Targeting Financing Sanction
* Wrong Answer Un-checked Terrorist Financial Sanction
* Wrong Answer Un-checked Terrorist Fund Sanction
* Wrong Answer Un-checked Targeted Fund Sanction

Countries should implement targeted Financial Sanction, regimes to

comply with UN securities council resolution relating to prevention &
suppression terrorism and terrorist financial. It is requirement of
* Correct Answer Checked FATF recommendation 6
* Wrong Answer Un-checked UNSC resolution
* Wrong Answer Un-checked UN General Assembly Resolution 1267
* Wrong Answer Un-checked FATF recommendation 7

Global Program against Money Laundering, Head Quarter in

* Correct Answer Checked Viena, Austria
* Wrong Answer Un-checked Saigon, Vienam
* Wrong Answer Un-checked Basel, Switzerland
* Wrong Answer Un-checked Newyork, USA

International Convention against Transnational Organizational Crime

(2000) signed in
* Correct Answer Checked Palermo
* Wrong Answer Un-checked Viena
* Wrong Answer Un-checked Washington
* Wrong Answer Un-checked London

Fundamental concept of Money Laundering is the process by which proceeds

from criminal activity is disguised to conceal their illicit origin.

Correct Answer Checked True

Un-checked False
Terrorist Financing can be defined as financial support of terrorism or
of those who encourage, plan or engage in terrorism.

Correct Answer Checked True

Un-checked False

Effective efforts to contract ML & TF cannot be carried out without

cooperation of Bank and Financial Institutions, their supervisory
authorities & Law enforcement agencies.
Correct Answer Checked True
Un-checked False

Financial Action Task Force (FATF) is a policy making body which brings
together legal, financial & law enforcement experts to achieve national
legislation and regulatory AML and CFT reforms. It was originally formed by
* Correct Answer Checked G-7 countries
* Wrong Answer Un-checked G-20 countries
* Wrong Answer Un-checked E 11 countries
* Wrong Answer Un-checked ASEAN countries

FATF adopted a set of recommendations to prevent money laundering &

combat terrorism, these are
* Correct Answer Checked 40+9 recommendations
* Wrong Answer Un-checked 30+20 recommendations
* Wrong Answer Un-checked 40+11 recommendations
* Wrong Answer Un-checked 50+3 recommendations

NCCTs Means:
* Wrong Answer Un-checked Non Commission countries & Terrorists
* Correct Answer Checked Non Cooperative countries & Terrorists
* Wrong Answer Un-checked Non Competent countries & Terrorists
* Wrong Answer Un-checked Non Cooperative countries & Tribes

Asia Pacific group of Money Laundering founded in 1997 in:

* Wrong Answer Un-checked Singapore
* Correct Answer Checked Bangkok
* Wrong Answer Un-checked Kualalampur
* Wrong Answer Un-checked Jakarta

CAMLCO means
* Correct Answer Checked Chief Anti Money Laundering Compliance Officer
* Wrong Answer Un-checked Chief Anti Money Laundering Coordinating
Officer
* Wrong Answer Un-checked Chief Anti Money Laundering Coordination
Officer
* Wrong Answer Un-checked Chief Anti Money Laundering Completion Officer

BAMLCO Means
 * Wrong Answer Un-checked Bangladesh Anti Money Laundering Cooperation
Officer
* Wrong Answer Un-checked Bank Anti Money Laundering Coordination Officer
* Correct Answer Checked Branch Anti Money Laundering Compliance Officer
* Wrong Answer Un-checked Bank Anti Money Laundering Compliance Officer

AML-CFT policy, Customer Acceptance Policy, Customer Due Diligence

(CDD), Transaction Monitoring, Self Assessment, Independent Testing
Procedure, Employee Screening and record keeping & Monitoring to BF9u is
the components of:
* Correct Answer Checked AML & CFT Compliance Program
* Wrong Answer Un-checked Banks Internal Principle
* Wrong Answer Un-checked Board of Directors Instructions
* Wrong Answer Un-checked Board Audit Committee Decision

Which is not included in the statement of commitment of CEO/MD?

* Wrong Answer Un-checked Emphasizing on effective implementation of
Bank AML-CFT program
* Wrong Answer Un-checked Point of clarification in case of any
ambiguity arise
* Wrong Answer Un-checked Clear indication of balance between business
& Compliance risk and mitigation measures
* Correct Answer Checked Promotion Policy & Compensation
CCU stands for:
* Wrong Answer Un-checked Central Coordination Unit
* Correct Answer Checked Central Compliance Unit
* Wrong Answer Un-checked Central Cooperation Unit
* Wrong Answer Un-checked Central Cognigence Unit
Which is not a job of CAMLCO
* Wrong Answer Un-checked CAMLCO should act on his own authority
* Wrong Answer Un-checked CAMLCO must ensure AML-CFT compliance of the
bank
* Wrong Answer Un-checked CAMLCO shall maintain day to day operation
of bank on AML-CFT compliance
* Correct Answer Checked CAMLCO shall report directly to the BFiu.
Which of the following is not the reporting agency as per MLP Act 2012
* Wrong Answer Un-checked Stock Broker
* Wrong Answer Un-checked Real Estate Developer
* Correct Answer Checked Travel Agent
* Wrong Answer Un-checked Dealer in precious metals or stones
How many predicate offenses are there according to MLP Act 2012?
* Wrong Answer Un-checked 32
* Correct Answer Checked 27
* Wrong Answer Un-checked 29
* Wrong Answer Un-checked 25
Failure to report suspicious activities can result in penalties or legal
action against you and your bank.
Correct Answer Checked True
Un-checked False

FATF new standard has

* Wrong Answer Un-checked 49 recommendations
* Correct Answer Checked 40 recommendations
* Wrong Answer Un-checked 42 recommendations
* Wrong Answer Un-checked 47 recommendations

Which of the following is not high risk business according to KYC/Risk

Profile?
* Correct Answer Checked Software Business
* Wrong Answer Un-checked Shell Company
* Wrong Answer Un-checked Casino
* Wrong Answer Un-checked Jewelry
As per MLP Act 2012, BFIU can impose freezing order up to maximum
* Wrong Answer Un-checked 03 Months
* Wrong Answer Un-checked 03 Months
* Correct Answer Checked 07 Months
* Wrong Answer Un-checked 03 Months
As per MLP Act 2012 investigation & prosecution of money laundering case
is vested with
* Wrong Answer Un-checked BFIU
* Correct Answer Checked ACC
* Wrong Answer Un-checked FATF
* Wrong Answer Un-checked DGFI
UNSCR 1267 is also known as
* Wrong Answer Un-checked EU sanction list
* Wrong Answer Un-checked OFAC list
* Wrong Answer Un-checked UN terrorist list
* Correct Answer Checked UN sanction list
Which of the following is NOT a step in Money Laundering
* Wrong Answer Un-checked Placement
* Wrong Answer Un-checked Layering
* Correct Answer Checked Spending
* Wrong Answer Un-checked Integration

Which of the following terms is used to describe the process of sending

money through multiple financial institutions to make it difficult to track?
* Wrong Answer Un-checked Camouflage
* Correct Answer Checked Layering
* Wrong Answer Un-checked Placement
* Wrong Answer Un-checked Integration