Podcast
Questions and Answers
What is the duty of banks or other financial institutions according to the case of Beezadhur T v Independent Commission Against Corruption & Anor?
What is the duty of banks or other financial institutions according to the case of Beezadhur T v Independent Commission Against Corruption & Anor?
- To report any suspicious financial transactions exceeding the prescribed limit to the Financial Intelligence Unit (correct)
- To report only large cash transactions to the Financial Intelligence Unit
- To report all financial transactions to the Financial Intelligence Unit
- To report all transactions to the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism
What is the main goal of the Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) counter measures?
What is the main goal of the Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) counter measures?
- To combat money laundering and terrorist financing at national, regional and international levels (correct)
- To monitor and report all financial transactions
- To increase the profit of banks and financial institutions
- To create awareness about financial transactions
What is established under Section 19A of the FIAMLA?
What is established under Section 19A of the FIAMLA?
- National Committee for Anti-Money Laundering and Combating the Financing of Terrorism (correct)
- Financial Intelligence Unit
- Anti-Money Laundering and Combating Financing of Terrorism Committee
- Independent Commission Against Corruption
What is the prescribed limit related to in the case of Beezadhur T v Independent Commission Against Corruption & Anor?
What is the prescribed limit related to in the case of Beezadhur T v Independent Commission Against Corruption & Anor?
What is the role of the Financial Intelligence Unit in preventing money laundering and terrorist financing?
What is the role of the Financial Intelligence Unit in preventing money laundering and terrorist financing?
What is the main focus of Section 14 of the FIAMLA 2002?
What is the main focus of Section 14 of the FIAMLA 2002?
What is the primary objective of the Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) counter measures and strategies?
What is the primary objective of the Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) counter measures and strategies?
What is the relationship between the Financial Intelligence Unit and the banks or financial institutions?
What is the relationship between the Financial Intelligence Unit and the banks or financial institutions?
What is the scope of the Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) counter measures?
What is the scope of the Anti-Money Laundering and Combating Financing of Terrorism (AML/CFT) counter measures?
What is the purpose of the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism?
What is the purpose of the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism?
