Name *

First Name

Last Name

Completion Date

MM

DD

YYYY

1. What is the primary purpose of the Fighting Financial Crime training? *

a) To provide investment strategies

b) To explain employee benefits

c) To understand financial crime, its impact, and legal obligations

d) To create marketing strategies

2. Which of the following is NOT considered financial crime? *

a) Insider dealing

b) Market manipulation

c) Offering a discount on services

d) Money laundering

3. What is the maximum jail term for the offence of "tipping off" under POCA? *

a) 3 years

b) 5 years

c) 10 years

d) 14 years

4. What does "Layering" in money laundering involve? *

a) Depositing cash into the financial system

b) Creating complex transactions to disguise the origin of funds

c) Purchasing assets to make illicit funds appear legitimate

d) Reporting suspicious activities

5. Which legislation includes provisions for combating terrorist financing? *

a) Serious Crime Act 2007

b) Proceeds of Crime Act 2002

c) Counter-Terrorism (Sanctions) (EU Exit) Regulations 2019

d) Bribery Act 2010

6. What does Customer Due Diligence (CDD) primarily focus on? *

a) Verifying the identity and assessing the risks associated with customers

b) Offering financial services to politically exposed persons

c) Reducing corporate tax liabilities

d) Avoiding customer background checks

7. Which of the following is NOT a key component of CDD? *

a) Identity verification

b) Risk assessment

c) Beneficial ownership analysis

d) Corporate tax evaluation

8. What is the purpose of a Suspicious Activity Report (SAR)? *

a) To freeze a customer’s assets immediately

b) To report suspicions of money laundering or terrorist financing

c) To declare income for tax purposes

d) To track market manipulation activities

9. What is the consequence for an individual found guilty of offences under the Bribery Act? *

a) Unlimited fines

b) Up to 10 years of imprisonment

c) Loss of key business relationships

d) All of the above

10. Who qualifies as a Politically Exposed Person (PEP)? *

a) A customer who regularly conducts high-volume transactions

b) Someone with a prominent public position or their close associates

c) An individual on a government sanctions list

d) Any employee within a financial institution