Sep ’24 – Nov ’24 Quiz Issue: Vol. 23 No. 4 Please login or join today for member only downloads and resources. Take The Quiz 1. True or false: Shell companies are only created to hide the origins of illicit funds; there are no legitimate reasons for creating them. True False 2. According to the article “Global Push for Beneficial Ownership Transparency,” the Financial Action Task Force issued the first beneficial ownership standard in what year? A) 1989 B) 2001 C) 2003 D) 2016 3. The International Labor Organization (ILO) estimates that the profits from forced labor exceed what amount? A) $236 billion B) $321 billion C) $343 billion D) $400 billion 4. When did the Institute of Internal Auditors issue a major update to the Three Lines Model (formerly the Three Lines of Defense)? A) April 2019 B) August 2015 C) January 2023 D) July 2020 Δ
