Dec ’14 – Feb ’15 Quiz Issue: Vol. 14 No. 1 Table of Contents Please login or join today for member only downloads and resources. Take the Quiz 1. Unlike gold and silver, diamonds cannot be used as a currency.* True False 2. Which of the following can help financial institutions identify supporters of ISIS or other terrorist organizations?* A) Look for periods of transaction dormancy B) Check social media postings C) Check IP logins in or near areas of conflict D) Inspect wire transfers to areas of conflict E) All of the above 3. ___________ are bank customers that provide payment processing services to merchants and other business entities.* A) Merchant account providers B) Shell corporations C) Third-party payment processors D) None of the above 4. Which of the following is known to have developed in Colombia and arose from the need of Colombian exporters to turn dollars earned from the sale of goods to pesos that the exporters could use in Colombia?* A) Trade-Based Money Laundering B) Black Market Peso Exchange C) Colombian Exporter Exchange D) Colombian Money Laundering Dollar Exchange 5. In the FIN-2014-A007 advisory, FinCEN outlines eight key principles that will help foster a culture of compliance in any institution.* True False Δ
