Podcast
Questions and Answers
What is the primary purpose of the Cash Transaction Report (CTR)?
What is the primary purpose of the Cash Transaction Report (CTR)?
- To monitor financial institutions' compliance with AMLATFA
- To investigate and prosecute money laundering cases
- To expose money laundering at its most vulnerable point (correct)
- To identify and report suspicious transactions
What is the threshold amount for cash transactions that must be reported in a business day?
What is the threshold amount for cash transactions that must be reported in a business day?
- RM25,000-00 (correct)
- RM10,000-00
- RM50,000-00
- RM100,000-00
What type of report is required when a financial institution suspects that a transaction involves proceeds of unlawful activity?
What type of report is required when a financial institution suspects that a transaction involves proceeds of unlawful activity?
- Suspicious Transaction Report (STR) (correct)
- Terrorism Financing Report (TFR)
- Money Laundering Report (MLR)
- Cash Transaction Report (CTR)
What is the primary goal of the Suspicious Transaction Report (STR)?
What is the primary goal of the Suspicious Transaction Report (STR)?
What type of transactions are also subject to reporting requirements under AMLATFA?
What type of transactions are also subject to reporting requirements under AMLATFA?
What is the primary role of the payment system operated by the relevant authority?
What is the primary role of the payment system operated by the relevant authority?
What is the primary goal of layering in money laundering?
What is the primary goal of layering in money laundering?
What is the purpose of the 'Know Your Customer' policy?
What is the purpose of the 'Know Your Customer' policy?
What is the primary responsibility of financial institutions in relation to money laundering?
What is the primary responsibility of financial institutions in relation to money laundering?
Which of the following is NOT a principle of the 'Know Your Customer' policy?
Which of the following is NOT a principle of the 'Know Your Customer' policy?
What is the purpose of record keeping and system testing in the context of anti-money laundering?
What is the purpose of record keeping and system testing in the context of anti-money laundering?
What is a suspicious transaction typically detected by?
What is a suspicious transaction typically detected by?
Who do banks submit their Suspicious Transaction Reports (STRs) to?
Who do banks submit their Suspicious Transaction Reports (STRs) to?
What protection do bank employees have when reporting suspicions of money laundering?
What protection do bank employees have when reporting suspicions of money laundering?
What is the purpose of the Monetary Policy Committee in Bank Negara Malaysia?
What is the purpose of the Monetary Policy Committee in Bank Negara Malaysia?
What is the Overnight Policy Rate (OPR) as of 3 November 2020?
What is the Overnight Policy Rate (OPR) as of 3 November 2020?
What does SWIFT (Society for Worldwide Interbank Financial Telecommunications) not do?
What does SWIFT (Society for Worldwide Interbank Financial Telecommunications) not do?
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