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Questions and Answers
The customer's willingness to provide information about a transaction is an objective indicator of money laundering.
The customer's willingness to provide information about a transaction is an objective indicator of money laundering.
False
The four-eyes principle is a measure taken by the Financial Intelligence Unit to mitigate money laundering.
The four-eyes principle is a measure taken by the Financial Intelligence Unit to mitigate money laundering.
False
The compliance professional is responsible for reporting unusual transactions to the Financial Intelligence Unit.
The compliance professional is responsible for reporting unusual transactions to the Financial Intelligence Unit.
False
Blocking transactions is an external control measure.
Blocking transactions is an external control measure.
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The Central Bank of the country is responsible for investigating suspicious transactions.
The Central Bank of the country is responsible for investigating suspicious transactions.
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The Financial Intelligence Unit is a database where all transactions are collected and shared with relevant parties.
The Financial Intelligence Unit is a database where all transactions are collected and shared with relevant parties.
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The mitigation phase consists of only escalation measures.
The mitigation phase consists of only escalation measures.
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The subjective indicator is a gut feeling developed by using one's professional judgment over time.
The subjective indicator is a gut feeling developed by using one's professional judgment over time.
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The internal procedure can be followed without the four-eyes principle.
The internal procedure can be followed without the four-eyes principle.
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ABN AMRO has never paid a fine to the Dutch Central Bank for non-compliance with money laundering regulations.
ABN AMRO has never paid a fine to the Dutch Central Bank for non-compliance with money laundering regulations.
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