Sep ’15 – Nov ’15 Quiz Issue: Vol. 14 No. 4 Please login or join today for member only downloads and resources. Take the Quiz 1. New investors do not favor contemporary artists because their work cannot be easily verified.* A) True B) False 2. In which money laundering phase can virtual currencies be used?* A) Layering B) Integration C) Placement D) All of the above 3. _________ authentication requires individuals to enter a pin number, username and password or to answer a security question in order to verify their identity.* A) Single-factor B) Multi-factor C) Document 4. What can financial institutions do to help push FIFA to make the necessary cultural changes to diminish their corruption?* A) Hold them to higher due diligence standards B) Rate individuals or entities as high-risk customers or exit customer relationships C) Frequently question or deny transactional activity D) All of the above 5. In order to clarify that financial institutions should not label entire categories of businesses as high risk, _______ announced that institutions “should examine their customer relationships on a case-by-case basis and not by industry.”* A) FATCA B) FinCEN C) FDIC D) FATF Δ
