Sep ’13 – Nov ’13 Quiz Issue: Vol. 12 No. 4 Table of Contents Please login or join today for member only downloads and resources. Take the Quiz 1. Which are the two prominent virtual currency schemes that the ECB report profiles?* A) Bitcoin and Amazon Coins B) Bitcoin and Second Life Linden Dollars C) Bitcoin and Nintendo Points D) Second Life Linden Dollars and frequent flyer points 2. Which of the following is false?* A) Fraud analytics offers a sophisticated way to spot fraudulent activities after they occur B) Fraud analytics can be used for threat analysis and telephone link analysis C) Fraud analytics detects anomalies, red flags and patterns within a large amount of data 3. According to a 2012 report on organized crime, illicit drugs and money laundering, published by Chatham House, which country has become the number one provider of illicit drugs to the U.S.?* A) China B) Mexico C) Colombia 4. According to the article “The Case for Centralized KYC,” which one of these is a great way to resolve the inefficiencies and weaknesses in the current KYC process?* A) Require each financial institution (FI) to evaluate every documentation and to conduct various background and blacklist checks before accepting clients and to repeat the process B) Create a universal set of documentation requirements, so that there is consistency throughout the industry C) Require FIs to spend more time invested in the front office, rather than generating well-trained KYC staff 5. ________ is the first step in any outreach program.* A) Regulations B) Communication C) Organization Δ
