Which country is NOT a member of the Financial Action Task Force (FATF)?
a) France
b) Germany
c) Russian Federation
d) Singapore
What is the maximum penalty for tipping-off in relation to a disclosure made during an investigation?
a) Imprisonment of 2 years and a fine of HK$1 million
b) Imprisonment of 3 years and a fine of HK$500,000
c) Imprisonment of 14 years and a fine
d) Imprisonment of 3 months and a fine of HK$50,000
Risk assessment, client acceptance and ongoing monitoring are NOT the key AML/KYC procedures mentioned in the BOSCI Anti-Money Laundering Manual?
a) True
b) False
The potential penalties for contravening a specified provision in the Anti-Money Laundering and Counter-Terrorist Financing Ordinance is Imprisonment and fines.
True
False
What should be done if a transaction or activity is suspected to be related to money laundering?
a) Ignore it and continue with business as usual.
b) Report it internally to the MLRO without undue delay.