Podcast
Questions and Answers
Who would NOT be considered a Politically Exposed Person based on the text?
Who would NOT be considered a Politically Exposed Person based on the text?
- A Judge in a supreme court
- A Head of state
- A Deputy minister
- A Military officer (correct)
Why is it important to include family members in the PEP definition?
Why is it important to include family members in the PEP definition?
- To create a positive image for financial institutions
- To prevent them from engaging in politics
- To offer them financial benefits
- To identify potential money laundering risks (correct)
What type of relationships are considered close associates in the PEP definition?
What type of relationships are considered close associates in the PEP definition?
- Spouses of family members
- Extended family members
- Colleagues in the same workplace
- Friends or romantic partners outside the family (correct)
How does the Financial Action Task Force recommend treating PEP status?
How does the Financial Action Task Force recommend treating PEP status?
What industry was Isabel dos Santos accused of trying to control using her political connections?
What industry was Isabel dos Santos accused of trying to control using her political connections?
What was the main focus of the Luanda Leaks investigation involving Isabel dos Santos?
What was the main focus of the Luanda Leaks investigation involving Isabel dos Santos?
Which of the following was NOT a consequence of the Luanda Leaks investigation?
Which of the following was NOT a consequence of the Luanda Leaks investigation?
What was one of the main concerns arising from the financial records of Isabel dos Santos and her family?
What was one of the main concerns arising from the financial records of Isabel dos Santos and her family?
What was the significance of the Luanda Leaks investigation for international companies associated with Isabel dos Santos?
What was the significance of the Luanda Leaks investigation for international companies associated with Isabel dos Santos?
What is a key reason why PEPs are considered at higher risk for money laundering and related crimes?
What is a key reason why PEPs are considered at higher risk for money laundering and related crimes?
Why does the FATF require countries to ensure measures to prevent financial system abuse by PEPs?
Why does the FATF require countries to ensure measures to prevent financial system abuse by PEPs?
How does denying a business relationship with a PEP without any unacceptable risk violate FATF recommendations?
How does denying a business relationship with a PEP without any unacceptable risk violate FATF recommendations?
Which FATF recommendations emphasize measures to prevent financial system abuse by PEPs?
Which FATF recommendations emphasize measures to prevent financial system abuse by PEPs?
How do PEP requirements defined by the FATF aim to address PEP-related risks?
How do PEP requirements defined by the FATF aim to address PEP-related risks?
What is the intent behind the FATF's preventive PEP requirements?
What is the intent behind the FATF's preventive PEP requirements?
