Name:

Employee ID:

Training Name:

Date:

Signature:

1. Which of the following document is a Non-resident Customer requirement for remittance transaction as
per KYC policy?
a) Customer’s original business cards with ATM card or credit card
b) Customer’s original passport and visa with entry stamp
c) Visiting card along with passport copy
d) Valid original temporary UAE driving license

2. In Terrorist Financing the source of funds can only be from illegal income.
a) True
b) False

3. Purchasing luxury assets like property, artwork, jewellery or high end automobiles is common in the
last stage of ML.
True
False

4. Which of the following are the predicate offenses?

a) Illicit Trafficking in Stolen and Other Goods
b) Insider Trading and Market Manipulation
c) Counterfeiting and Piracy of Products
d) All of the above

5. From the below mentioned list, all are categorized under High Risk Customers except
a) Exchange House
b) Brokers/Dealers in Securities
c) Casinos, Travel Agencies and Mobile Traders
d) All are high risk institutions
6. What are the main stages of money laundering?
a) Reporting, Placement and Layering
b) Placement, Covering and Integration
c) Placement, Layering and Integration
d) Consolidation and recordkeeping

7. Tipping off means?

a) To tip off the service staff or the taxi drivers for their exceptional services
b) to move so that one side is higher than another side
c) a sum of money customarily given by a client or customer to certain service sector workers for the
service they have performed, in addition to the basic price of the service
d) a person makes a disclosure to a third party (customer or any other person) which is likely to
prejudice any investigation

8. The threat to loose goodwill of the company is which kind of risk?

a) Departmental Risk
b) Operational Risk
c) Reputational Risk
d) Legal Risk

9. It is a reasonable care taken for a research and analysis by a person, company, or organization done in
preparation for a business transaction to avoid harm to other people and their property
a) Financial Crimes
b) Customer Due Diligence
c) Anti-Money Laundering Act
d) Know Your Currency

10. A company/corporation without active business operations sometimes used to cover ownership from
the law/authority.
a) Remittance Company
b) Delivery Company
c) Shell Company
d) Exchange Company

11. Central Bank regulation states that customer records should be maintained for a period of:
a) 4 years
b) 5 years
c) 6 years
d) 7 years
12. Which of the following is NOT a high risk country?
a) North Korea
b) Germany
c) Iran
d) Iraq

13. Who is responsible in conducting Customer Due Diligence?

a) Customer Service Staff only
b) Business Development Staff
c) Compliance Staff only
d) All of the above

14. If you face any suspicious transaction or activity what should be done?
a) Immediately tell the customer regarding the doubtful transaction
b) Raise a suspicion and contact the compliance officer to seek guidance or further action
c) Call the police authority to investigate the customer
d) Pass the customer to another counter staff

15. DRIC Form is available to declare carrying cash and monetary bearer instrument amounting to AED
60,000 and above with the customs officials at Airports, Seaports and Border Crossings.

a) True
b) False

16. Diplomats or ambassadors are not treated as Politically Exposed Person

a) True
b) False

17. We must not accept societies such as Co-operative Societies, Charitable Societies, Social or
Professional Societies as customers unless they produce a certificate signed by H.E Minister of
Community Development.
a) True
b) False

18. A transaction is treated as a third party transaction when it is carried out by a person on behalf of
another natural person or a legal entity known as ‘the beneficial owner of funds’.
a) True
b) False

19. which of the following IDs is not acceptable ID to allow an individual to conduct a transaction are:
a) Emirates ID
b) Passport with valid visa
c) National ID of any country
d) GCC country ID

20. What do you mean by Money Laundering?

a) Process of filling out the declaration forms as per the guidelines of central bank
b) Breaking up large amounts of cash into less noticeable smaller sums and series of conversions or
movements of the funds to distance them from their source.
c) Refers to a transaction aimed at concealing or hiding the identity or the origins of illegally
obtained funds
d) It is a process through which clean money is converted into dirty money.