Anti-Money Laundering Quiz

Which international body is primarily responsible for setting global standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT)?

• Interpol

• World Bank

• Financial Action Task Force (FATF)

• International Monetary Fund (IMF)

What is the primary objective of Anti-Money Laundering (AML) regulations?

What does the term "proliferation financing" refer to?

What is the main role of Suspicious Activity Reports (SARs) in the context of AML?

Which type of transaction is most likely to raise a red flag for money laundering?

• ATM withdraws

• Large cash deposits made in multiple small amounts

• Regular salary deposits

• Monthly mortgage payments

What is the main focus of proliferation financing controls?

Which document sets out measures to prevent, detect, and combat the financing of terrorism and proliferation of Weapon of Mass Destructions?

• The Basel III Accord

• The Kyoto Protocol

• The FATF 40 Recommendations

• The Universal Declaration of Human Rights

What is the primary purpose of the FATF's 40 Recommendations?

Which of the following areas is NOT directly covered by the FATF's 40 Recommendations?

• Customer due diligence

• International trade tariffs

• Beneficial ownership transparency

• Reporting of suspicious transactions

Recommendation 16 of the FATF's 40 Recommendations specifically deals with: