Mar ’16 – May ’16 Quiz Issue: Vol. 15 No. 2 Please login or join today for member only downloads and resources. Take the Quiz 1. The following is an example of which risk type? Example: Scenarios are not aligned to identify known typologies of money laundering and financial crime consistent with the unique products, services and geographies of the organization.* A) Model Design Risk B) Model Input Risk C) Model Performance Risk D) Model Output and Use Risk 2. Which of the following does not describe a high-risk casino patron?* A) Citizen or resident of a high-risk country for illicit activity B) Brings large amounts of money to the casino and plays high-stakes games C) Participates in games less susceptible to money laundering D) Known to be entrusted with an important public position 3. What is lulling?* A) Moving assets or money rapidly out of the country B) A fraudulent investment scam promising high rates of returns with little risk to investors C) A flawed and inefficient way to lure wealthy entrepreneurs who could benefit the economy D) When a fraudster contacts a victim via mail in order to deceive the victim into a false sense of security and to delay them from notifying authorities 4. On February 2016, a decision was made to not reinstate the sanctions against Russia.* A) True B) False 5. Victims of ________ scams believe the money they give to fraudsters is an investment in a ________ relationship, and not necessarily an opportunity to receive a financial windfall.* A) Career opportunity; Business B) Computer; Cyber C) Romance; Romantic D) Advance fee; Business Δ
