Sep ’12 – Nov ’12 Quiz Issue: Vol. 11 No. 4 Table of Contents Please login or join today for member only downloads and resources. Take the Quiz 1. Product risk assessment must be incorporated in every AML program in order to ensure all risks are identified and adequately mitigated with appropriate controls.* True False 2. In which way do real estate businesses differ from country-to-country?* A) Their regulations differ at the national and local level B) Their cultural habits and values differ C) The size of their market differs D) All of the above 3. AML specialists line of thinking has changed from an aggressive imposed path to one in which the team members performing the task believe they are making a difference by taking action against crime.* True False 4. Which country faces significant AML/CFT risks and played a major role in facilitating the transfer of illegal drugs to Western European markets?* A) Turkey B) South Africa C) Japan 5. Supervisory bodies are empowered to conduct inspections to determine compliance with the FIC Act by applying two exceptions, namely registration with the FIC and reporting to the FIC.* True False Δ
