Sep ’20 – Nov ’20 Quiz Issue: Vol. 19 No. 4 Table of Contents Please login or join today for member only downloads and resources. Take the Quiz 1. According to “Insured Against Financial Crime,” which of the following methods is used for money laundering in insurance? a. Purchasing premium annuities with a single payment b. Purchasing premium annuities under a fake name or shell company c. Purchasing life insurance policies through a third-party loan d. All of the above 2. Fill in the blank: The language of the ___ is very clear in its provision of civil liabilities to economic entities involved in terrorism and in offering a path for victims to obtain monetary compensation. a. Anti-Terrorism Act b. Justice Against Sponsors of Terrorism Act c. Justice for Victims of Trafficking Act d. None of the above 3. Which of the following organizations was delegated to examine the AML programs of MSBs in the U.S.? a. Financial Industry Regulatory Authority b. Securities and Exchange Commission c. IRS d. Financial Crimes Enforcement Network 4. True or false: The BSA made the act of money laundering a federal crime with significant prison time. a. True b. False 5. Which APAC city has become recognized as an international hub for illegal wildlife trade? a. Beijing b. Hong Kong c. Tokyo d. Jakarta Δ
