Screening Process Quiz

1. What is the primary focus of the CASA screening process mentioned in the meeting?

• A) Validating customer information

• B) Ensuring regulatory compliance

• C) Preventing money laundering

• D) Identifying politically exposed persons

2. According to Odwa, what is the consequence of not accurately capturing a customer's name during the sanction screening process?

• A) Incorrect risk rating

• B) Delayed application processing

• C) Regulatory issues and potential fines
  

• D) Increased risk of money laundering

3. What is the procedure for handling applications with a pending approval (AP) status?

• A) Escalate to management immediately

• 
  B) Provide all necessary documents within three days

• C) Log an incident with the customer screening team

• 
  D) All of the above

4. What is the significance of accurately capturing a customer's nationality and country of residence during the screening process?

• A) Ensures correct risk rating

• B) Prevents money laundering

• 
  C) Ensures regulatory compliance

• D) All of the above

5. How should non-resident customers be handled during the screening process?

• A) As temporary residents
  

• B) With their nationality and country of residence accurately captured

• C) With a higher risk rating

• D) As local customers

6. What is the process for addressing screening errors?

• A) Move the matter to the pending queue and log an incident

• B) Escalate to management immediately

• C) Update the status to "continue" and proceed
  

• D) Ignore the error and proceed

7. What is the importance of CASA screening for Absa?

• A) Ensures regulatory compliance

• B) Prevents relationships with high-risk individuals

• C) Identifies politically exposed persons

• D) All of the above

8. What is the follow-up process for applications with a pending approval (AP) status?

• A) Log an incident with the customer screening team

• B) Provide all necessary documents within three days

• C) Ensure continuous communication to resolve the status

• 
  D) All of the above

9. Why is it important to accurately capture a customer's name during the sanction screening process?

• A) To avoid incorrect screenings and potential regulatory issue

• B) To ensure correct risk rating
  

• C) To prevent money laundering

• 
  D) To identify politically exposed persons

10. Who will follow up with management on certain issues raised during the training session?

• 
  A) Odwa
  

• B) Sylvia

• 
  C) Lunga

• D) Thembi