10 Questions
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.
False
The compliance professional is responsible for reporting unusual transactions to the Financial Intelligence Unit.
False
Blocking transactions is an external control measure.
False
The Central Bank of the country is responsible for investigating suspicious transactions.
False
The Financial Intelligence Unit is a database where all transactions are collected and shared with relevant parties.
False
The mitigation phase consists of only escalation measures.
False
The subjective indicator is a gut feeling developed by using one's professional judgment over time.
True
The internal procedure can be followed without the four-eyes principle.
True
ABN AMRO has never paid a fine to the Dutch Central Bank for non-compliance with money laundering regulations.
False
Learn the basics of Transaction Monitoring, a crucial component of Anti-Money Laundering (AML) and Know Your Customer (KYC) processes. This course covers the definition, evolution, and legislation of Transaction Monitoring, as well as its work process and mitigation factors.
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