Dec ’09 – Feb ’10 Quiz Issue: Vol. 9 No. 1 Please login or join today for member only downloads and resources. Take the Quiz 1. The FBI’s Terrorist Financing Operations Section believes that terrorist and criminals have reverted back to informal channels due to increased monitoring and reporting requirements of the financial system. What system could they be using?* A) Hawala B) MSB C) Ponzi scheme D) Both A and B 2. What is a Ponzi scheme?* A) Red flags B) Multi-level marketing C) Investor is not affiliated with the investment 3. As discussed in the ACAMS Today article "An Operational Risk Management Perspective," which one of these is not a principle of ORM?* A) Take no unnecessary risks B) Accept risk when benefits outweigh cost C) Make risk decision at appropriate levels D) Unplanned risks 4. Change can be unsettling, but in the financial industry change is not constant and changes to an institution’s AML program and policy are no exception.* True False 5. Financial Institutions implementation of ________ ensure that ACH payments meet OFAC requirements and effective AML transaction monitoring?* A) FCPA (Foreign Corrupt Practices Act) B) SARs C) IAT (International ACH Transaction) Δ
