Combating Financial Crime – Quiz 10

Last Updated: June 2024

Table of Contents

CISI – Combating Financial Crime Quiz 10 is covered –
know the role of the Global Financial Innovation Network (GFIN)
know how regulated financial institutions implement CDD procedures • Know Your Customer (KYC) • ongoing monitoring • non-face-to-face • correspondent banking • Politically Exposed Persons (PEPs) • reliance on others
understand how firms implement a risk-based approach
know Enhanced Due Diligence (EDD) requirements for higher risk situations
know how financial institutions implement sanctions screening procedures
know examples of Politically Exposed Persons (PEPs)
know standards for dealing with PEPs • The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations (MLR 2017) as amended, and the FCA’s Financial Crime Guide: the treatment
know how and why regulated financial institutions report suspicious transactions, trading activity and order reports
know the circumstances in which financial services firms are obliged to report currency transactions and those circumstances that are exempt
know what is meant by a “consent regime”

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