Financial Crime Training - Sanction Legislations and Financial Crime

Question 1

All actors in charge of AMLCFT standards are responsible for setting standards and issuing directives and enforcing them

Accepted Answer

False

Question 2

Which of these is not a type of economic sanction?

Accepted Answer

Imprisonment

Question 3

Economic sanctions can target the following entities:

Accepted Answer

Political regimes & Countries, Key economic sectors, Specific individuals

Question 4

The sanctions are usually relative to the gravity and frequency of the offence

Accepted Answer

True

Question 5

What is the estimated total amount of money that gets laundered (AML) worldwide annually?

Accepted Answer

1.6 trillion USD

Question 6

There is a clear and straightforward process for transaction analysis in the transportation sector

Accepted Answer

False

Question 7

Which of these following events have you heard of before?

Accepted Answer

Société Générale & Sudan, Libya and Cuba's transactions, BNPP & Sudan's transactions, Hong Kong & Xinjiang, Commerzbank US & Sudan, Cuba, Burma and Iran's transactions

Question 8

What are the different components to fight against financial crime?

Accepted Answer

Anti-Bribery & Anti-Corruption (ABC), Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT), Anti-Fraud & Tax evasion

Question 9

Financial crime is defined as an illegal act committed by an individual or a group of individuals to obtain:

Accepted Answer

Professional advantage, Political power, Financial advantage

Financial Crime Training - Sanction Legislations and Financial Crime

Questions 9

Financial Crime Training - Sanction Legislations and Financial Crime

Questions 9