Podcast
Questions and Answers
The Financial Intelligence Unit (FIU) is a stand-alone government agency where suspicious transactions from Financial Institutions and other companies must be reported.
The Financial Intelligence Unit (FIU) is a stand-alone government agency where suspicious transactions from Financial Institutions and other companies must be reported.
True
Unusual transactions are transactions which do not fit the client profile, and must be reported to the FIU.
Unusual transactions are transactions which do not fit the client profile, and must be reported to the FIU.
True
The Egmont Group is a group of international FIUs that cooperate without any government intervention.
The Egmont Group is a group of international FIUs that cooperate without any government intervention.
False
The Financial Action Task Force (FATF) is a group that countries must adhere to, and they regularly monitor each other to ensure compliance with FATF recommendations.
The Financial Action Task Force (FATF) is a group that countries must adhere to, and they regularly monitor each other to ensure compliance with FATF recommendations.
Signup and view all the answers
The Netherlands is the only country that requires reportable companies to report suspicious transactions to the FIU.
The Netherlands is the only country that requires reportable companies to report suspicious transactions to the FIU.
Signup and view all the answers
The FIU analyzes transactions to determine if they are suspicious, and if deemed suspicious, this information can then be disseminated to various entities, including the police, national prosecutors, or even other international FIUs.
The FIU analyzes transactions to determine if they are suspicious, and if deemed suspicious, this information can then be disseminated to various entities, including the police, national prosecutors, or even other international FIUs.
Signup and view all the answers
Countries on a gray or black list may suffer economic consequences as a result.
Countries on a gray or black list may suffer economic consequences as a result.
Signup and view all the answers
The GO AML portal is used by all FIUs around the world to report financial transactions.
The GO AML portal is used by all FIUs around the world to report financial transactions.
Signup and view all the answers
If a report is rejected by the FIU, the financial institution is still seen as in violation of the anti-money laundering act.
If a report is rejected by the FIU, the financial institution is still seen as in violation of the anti-money laundering act.
Signup and view all the answers
The FIU automatically analyzes the report and matches it with the police system and the Central Judicial Collection Agency.
The FIU automatically analyzes the report and matches it with the police system and the Central Judicial Collection Agency.
Signup and view all the answers
The National Public Prosecutor can only request information from the FIU after a police investigation has been completed.
The National Public Prosecutor can only request information from the FIU after a police investigation has been completed.
Signup and view all the answers
The FIU always receives a Dissemination notification within 14 days of a suspicious transaction report.
The FIU always receives a Dissemination notification within 14 days of a suspicious transaction report.
Signup and view all the answers
The FIU's own investigation is the final step in the process of analyzing a suspicious transaction report.
The FIU's own investigation is the final step in the process of analyzing a suspicious transaction report.
Signup and view all the answers
The Central Judicial Collection Agency can only initiate further pursuit to collect money if the police have a claim that a criminal owes a lot of money.
The Central Judicial Collection Agency can only initiate further pursuit to collect money if the police have a claim that a criminal owes a lot of money.
Signup and view all the answers
The FIU only shares information with the police and the Central Judicial Collection Agency.
The FIU only shares information with the police and the Central Judicial Collection Agency.
Signup and view all the answers
If a financial institution does not receive a Confirmation of Receipt from the FIU, they do not need to take any further action.
If a financial institution does not receive a Confirmation of Receipt from the FIU, they do not need to take any further action.
Signup and view all the answers
