nasbd2000
Quiz by , created over 5 years ago

Basic Aml quiz

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nasbd2000
Created by nasbd2000 over 5 years ago
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Question 1

Question
What is money laundering
Answer
  • 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

Question 2

Question
which option best describes the money laundering process?
Answer
  • placement, layering,integration
  • layering,placement ,integration
  • integration,layering,placement
  • placement, layering,investment

Question 3

Question
which option best describes the money laundering process?
Answer
  • placement, layering,integration
  • layering,placement ,integration
  • integration,layering,placement
  • placement, layering,investment

Question 4

Question
which of these options describes a money laundering scheme/technique?
Answer
  • Smurfing
  • illegal Cash importation
  • Cash structuring
  • Use of mules

Question 5

Question
Which one of these options is not a predicate offense to money laundering?
Answer
  • Tax evasion
  • Drugs smuggling
  • Human trafficking
  • Vandalism

Question 6

Question
Which one of these options is not a predicate offense to money laundering?
Answer
  • Tax evasion
  • Drugs smuggling
  • Human trafficking
  • Vandalism

Question 7

Question
The source for terrorism financing can be both from legal as well as illegal sources
Answer
  • True
  • False

Question 8

Question
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
Answer
  • True
  • False

Question 9

Question
Which one of these institutions is vulnerable to money laundering
Answer
  • Non-Governmental Organizations (NGOs)
  • Banks
  • Money service business
  • All of the above

Question 10

Question
Which of these law(s) and regulation support the fight on AML/CFT in Nigeria
Answer
  • Money Laundering Prohibition Act,2011
  • Central Bank of Nigeria AML/CFT regulations
  • BOFIA 2004
  • All of the above