Podcast
Questions and Answers
A customer's willingness to provide information about a transaction is an example of an objective indicator.
A customer's willingness to provide information about a transaction is an example of an objective indicator.
False
Professional judgment is a type of objective indicator used in Transaction Monitoring.
Professional judgment is a type of objective indicator used in Transaction Monitoring.
False
The four-eyes principle is a type of internal control measure that involves the Financial Intelligence Unit.
The four-eyes principle is a type of internal control measure that involves the Financial Intelligence Unit.
False
Compliance professionals are always involved in the internal procedure after the four-eyes principle.
Compliance professionals are always involved in the internal procedure after the four-eyes principle.
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The Central Bank of a country is responsible for supervising compliance with money laundering laws and regulations.
The Central Bank of a country is responsible for supervising compliance with money laundering laws and regulations.
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The Financial Intelligence Unit is responsible for taking action against financial institutions that fail to comply with regulations.
The Financial Intelligence Unit is responsible for taking action against financial institutions that fail to comply with regulations.
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Transaction Monitoring is a relatively new concept in the field of anti-money laundering.
Transaction Monitoring is a relatively new concept in the field of anti-money laundering.
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The mitigation phase of the risk pyramid includes the four-eyes principle and Compliance measures.
The mitigation phase of the risk pyramid includes the four-eyes principle and Compliance measures.
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Internal control measures can include both the four-eyes principle and external reporting to the Financial Intelligence Unit.
Internal control measures can include both the four-eyes principle and external reporting to the Financial Intelligence Unit.
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The Financial Intelligence Unit is a supervisory authority that can take action against financial institutions that fail to comply with regulations.
The Financial Intelligence Unit is a supervisory authority that can take action against financial institutions that fail to comply with regulations.
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