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Question 1 of 10
1. Question
Select all the statements that are true about the compliance officer’s challenge is to convince management:
Correct
compliance officer’s challenge is to persuade the administration that an AML/CFT program is a vital cost to secure the institution to deflect legitimate issues and reputational hurt.
Incorrect
compliance officer’s challenge is to persuade the administration that an AML/CFT program is a vital cost to secure the institution to deflect legitimate issues and reputational hurt.
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Question 2 of 10
2. Question
Select all the rules for strengthening AML/CFT compliance culture in monetary institutions:
Correct
The guidelines for strengthening AML/CFT compliance culture in monetary institutions: Leadership must actively Efforts to oversee and relieve AML/CFT insufficiencies and hazards must not be compromised by income interface.
Incorrect
The guidelines for strengthening AML/CFT compliance culture in monetary institutions: Leadership must actively Efforts to oversee and relieve AML/CFT insufficiencies and hazards must not be compromised by income interface.
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Question 3 of 10
3. Question
For higher-risk clients, FATF also prescribes getting the approval of senior administration to:
Correct
For higher-risk clients, FATF too suggests getting the endorsement of senior administration to commence or proceed with the commerce relationship and requiring the primary installment to be carried out through an account within the customer’s title with a bank subject to comparable CDD guidelines.
Incorrect
For higher-risk clients, FATF too suggests getting the endorsement of senior administration to commence or proceed with the commerce relationship and requiring the primary installment to be carried out through an account within the customer’s title with a bank subject to comparable CDD guidelines.
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Question 4 of 10
4. Question
In the event that national law permits for non-face-to-face account opening, banks should take:
Correct
In case national law permits for non-face-to-face account opening, banks should take under consideration the specific dangers related to this strategy. Client recognizable proof and confirmation procedures should be similarly compelling and comparative to those actualized for face-to-face interviews
Incorrect
In case national law permits for non-face-to-face account opening, banks should take under consideration the specific dangers related to this strategy. Client recognizable proof and confirmation procedures should be similarly compelling and comparative to those actualized for face-to-face interviews
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Question 5 of 10
5. Question
How the bank should verify the identity of the customer?
Correct
The bank should confirm the personality of the client using reliable, independent source documents, data, or information.
Incorrect
The bank should confirm the personality of the client using reliable, independent source documents, data, or information.
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Question 6 of 10
6. Question
After the verification of the person, what should the banks do for further verification?
Correct
Banks should to confirm the identity of that person as well. Banks should too take reasonable steps to confirm the personality of the advantageous proprietors. However, the exact account opening procedures.
Incorrect
Banks should to confirm the identity of that person as well. Banks should too take reasonable steps to confirm the personality of the advantageous proprietors. However, the exact account opening procedures.
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Question 7 of 10
7. Question
What should the aim of Financial institutions to apply their acceptance policy procedures for customers?
Correct
the aim of Financial institutions to apply their acceptance policy procedures for customers Risk management framework on a global basis to all of their offices, branches, and subsidiaries identification, the process for monitoring higher-risk accounts.
Incorrect
the aim of Financial institutions to apply their acceptance policy procedures for customers Risk management framework on a global basis to all of their offices, branches, and subsidiaries identification, the process for monitoring higher-risk accounts.
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Question 8 of 10
8. Question
Who can take action to maintain or restore international peace and security under of the which state?
Correct
UN Sanctions are overseen by UN Security Board Committees. The UN Security Committee can take activity to preserve or reestablish universal peace and security beneath the United Nations Constitution
Incorrect
UN Sanctions are overseen by UN Security Board Committees. The UN Security Committee can take activity to preserve or reestablish universal peace and security beneath the United Nations Constitution
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Question 9 of 10
9. Question
According to Article 215 select the statement which is true about the Treaty on the Functioning of the European Union.
Correct
Article 215 of the Arrangement on the Working of the European Union (TFEU) gives a lawful premise for the intrusion or diminishment, in portion or totally, of the Union’s financial and money related relations with one or more third nations
Incorrect
Article 215 of the Arrangement on the Working of the European Union (TFEU) gives a lawful premise for the intrusion or diminishment, in portion or totally, of the Union’s financial and money related relations with one or more third nations
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Question 10 of 10
10. Question
The sanctions programs are represented by:
Correct
The sanctions programs are represented by a number of laws and directions and are subject to alter.
Incorrect
The sanctions programs are represented by a number of laws and directions and are subject to alter.