Mar – May ’20 Quiz Issue: Vol. 19 No. 2 Table of Contents Please login or join today for member only downloads and resources. Take the Quiz 1. Beginning in 1945, TCR-1 reports had to be filed if any transactions involving $___ or more of currency in denominations of $__ or higher were deemed unusual, or for any transactions involving $10,000 or more currency in any denominations.* a. $5,000, $20 b. $5,000, $20 c. $5,000, $20 d. $1,000, $50 2. True or false: Funnel accounts are accounts where funds are deposited into an account at one geographic location that gives criminals immediate access to the money via withdrawals in a different geographic location within a short time window.* a. True b. False 3. Which of the following countries was placed on FATF’s blacklist for having strategic deficiencies related to DNFBPs, terrorist financing and sanctions, among other items?* a. Ethiopia b. Yemen c. Sri Lanka d. Tunisia 4. In which Canadian province do more than two-thirds of the country’s police-reported human trafficking violations occur?* a. Ontario b. British Columbia c. Alberta d. New Brunswick 5. What is the greatest risk in banking hemp?* a. The hemp involved is actually marijuana and the bankers do not know it. b. The hemp or CBD company has not followed any of the other state/federal program requirements. c. Both of the above d. None of the above Δ
