Multiple questions on finance, terrorist financing and AML Sanctions policy.
Understand the Problem
The image contains multiple questions about finance, terrorist financing, and AML sanctions policy. Specifically, it addresses how terrorist activities are funded, key funding sources for terrorists, identifying accounts that don't need senior management approval, and identifying high-risk accounts under AML policy.
Answer
Terrorist financing: Using money to fund terrorism. Key funding sources: Donations, Robbery, Kidnapping, sale of drugs. Account needing no approval: Pensioner. High-Risk account: All of the above.
- Which of the following best describes terrorist financing? Using money to fund terrorism
- Some key funding sources for Terrorist Financers are:- A, B, C & D
- Which of the following account(s) does not need approval of senior management? Pensioner
- As per "HBL AML & Sanctions Policy on risk based approach", which of the following is a High Risk account? All of the above
Answer for screen readers
- Which of the following best describes terrorist financing? Using money to fund terrorism
- Some key funding sources for Terrorist Financers are:- A, B, C & D
- Which of the following account(s) does not need approval of senior management? Pensioner
- As per "HBL AML & Sanctions Policy on risk based approach", which of the following is a High Risk account? All of the above
More Information
Terrorist financing involves various methods of raising and using funds to support terrorist activities. Money laundering is closely related, as it disguises the origins of illegally obtained money to make it appear legitimate. AML (Anti-Money Laundering) and CFT (Combating the Financing of Terrorism) are crucial measures to prevent these activities.
Tips
When answering questions about terrorist financing, consider all potential sources of funds, both legal and illegal. For high-risk accounts, consider the nature of the business and the potential for illicit financial flows.
Sources
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