International Sanctions and Policies Quiz

<p>The Anti-Foreign Sanctions Law (B)</p> Signup and view all the answers

<p>All of the above (D)</p> Signup and view all the answers

<p>Adverse impact on vulnerable groups in affected jurisdictions. (B)</p> Signup and view all the answers

<p>Promoting economic cooperation, human rights, and democracy. (B)</p> Signup and view all the answers

<p>To promote international cooperation (C)</p> Signup and view all the answers

<p>They primarily focus on imposing sanctions against countries who have placed sanctions against them. (B)</p> Signup and view all the answers

<p>To target individuals and entities deemed to be taking ‘discriminatory restrictive measures’ against China (B)</p> Signup and view all the answers

<p>Spending illicit money at a supermarket (A)</p> Signup and view all the answers

<p>To make criminal proceeds appear legitimate (A)</p> Signup and view all the answers

<p>Money laundering methods can be sophisticated or simple depending on the situation. (B)</p> Signup and view all the answers

<p>Consistent spending at grocery stores (A)</p> Signup and view all the answers

<p>Criminal proceeds can stem from various crimes, not just cash-based ones. (A)</p> Signup and view all the answers

<p>To conceal the illegal origin of criminal proceeds. (B)</p> Signup and view all the answers

<p>Because they might not have access to the necessary resources. (D)</p> Signup and view all the answers

<p>Money laundering can be used to disguise the source of illegal proceeds. (D)</p> Signup and view all the answers

<p>Companies are taking advantage of loopholes in international VAT regulations. (B)</p> Signup and view all the answers

<p>Company B acts as a middleman to facilitate the purchase of goods by the final consumer. (A)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>Criminals exploit the complexity of the global financial system and differences in national laws. (C)</p> Signup and view all the answers

<p>The EPPO investigates and prosecutes cross-border VAT fraud cases across EU member states. (B)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>Moving the funds through stable financial systems, such as those in the US. (C)</p> Signup and view all the answers

<p>Crimes that are targeted by AML efforts, regardless of the specifics of the crime. (A)</p> Signup and view all the answers

<p>It requires a high level of power to be effective. (D)</p> Signup and view all the answers

<p>It undermines the legitimacy of institutions by allowing for private gain. (C)</p> Signup and view all the answers

<p>Treating all property derived from any criminal activity as subject to money laundering legislation. (A)</p> Signup and view all the answers

<p>Money laundering helps to hide the source of funds derived from corrupt activities. (C)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>It hinders anti-corruption efforts by making it more difficult to trace the origins of illicit funds and hold offenders accountable. (C)</p> Signup and view all the answers

<p>All of the above. (D)</p> Signup and view all the answers

<p>Proliferation financing utilizes both legitimate and criminal funds, while money laundering solely deals with criminal funds. (B)</p> Signup and view all the answers

<p>They are only considered dual-use if they meet certain strict performance standards. (C)</p> Signup and view all the answers

<p>They often exploit the system through illicit intermediaries, front companies, and illegal trade brokers to conceal the final recipient or purpose. (B)</p> Signup and view all the answers

<p>Specialized knowledge and experience regarding the potential for misuse. (A)</p> Signup and view all the answers

<p>It makes it more difficult to identify and regulate dual-use items due to their constantly evolving nature. (B)</p> Signup and view all the answers

Fraudulent activities exploiting VAT exemptions in cross-border sales.

A type of tax fraud involving repeated transactions between companies to exploit VAT.

Missing Trader Intra-Community Fraud where VAT is never paid due to missing traders.

The process of concealing the origins of illegally obtained money.

Providing financial support for terrorist activities, often through laundered funds.

Nations with weak anti-money laundering controls, attractive to criminals.

Movement of money for investment across borders, often scrutinized for legality.

Guidelines from the Financial Action Task Force to combat money laundering.

Goods that can be used for civilian and military purposes.

Funding derived to support the proliferation of weapons.

Chlorine can purify water but also create chemical weapons.

Individuals or groups that facilitate the spread of weapons.

Proliferation financing may use legitimate funds unlike traditional money laundering.

Measures imposed to influence a country's behavior or policy.

A UN body that can enforce international peace via sanctions.

Efforts to work together economically among countries.

EU policy framework to guide foreign relations and security.

Negative effects resulting from actions like sanctions.

The abuse of entrusted power for private gain.

A defined list of criminal acts targeted for anti-money laundering efforts.

A method where any property from any crime is subject to money laundering laws.

Corruption often facilitates money laundering and vice versa.

Corruption undermines democracy and the rule of law.

Corruption can occur in both public offices and private sectors.

Actions aimed at reducing corruption, often focused on public officials.

The three phases typically include placement, layering, and integration.

The initial stage where illicit funds are introduced into the financial system.

The stage where transactions are made to obscure the origins of the money.

The final stage where laundered money is reintroduced into the economy as legitimate.

Any asset obtained through illegal means, such as stolen money.

Different legal areas where money laundering can take place.

Simple tactics like depositing cash directly into bank accounts.

The environment where adherence to regulations is prioritized by senior management.

The potential dangers a firm faces from sanctions that could affect operations.

A list of individuals and entities restricted by China for discriminating actions against it.

China's law enacted to counter foreign economic sanctions imposed on it.

Regulations that govern the export of sensitive items to ensure national security.