| High Bets | Medium Bets | Play and Win | 1 million questions | Final round |
|---|---|---|---|---|
|
1. Integrity - 2. Due skill, care and diligence
3. Management, systems and controls 4. Resources - 5. Market conduct 6.Information - 7. CoI 8. Suitability - 9. Customer assets 10. Relations with the regulators 11. Compliance & Corporate Governance 12. Remuneration policies
List the principles (12) for the authorized companies
|
Dubai International Financial Center
Free zone
What is the DIFC?
|
1. NO
2. NO 3. NO
MSH can or cannot do the following:
1. Dealing in the UAE Dirham 2. Accepting deposits from the UAE market 3. Hold claims monies |
Terrorist Financing is the financial support, in any form, of terrorism or those who encourage, plan or engage in it
What is the definition of "terrorism financing"
|
CO/MLRO
Where should i report a suspicion i have about money laundering and/or terrorism financing?
|
|
1. Integrity
2. Due skill, care and diligence 3. Relations with the DFSA 4. Management, Systems and Controls 5. Compliance 6. Market conduct
List the principles (6) for individuals
|
Dubai Financial Services Authority
The regulator of the free zone (DIFC)
What is the DFSA?
|
True
Sanctions may be decided on a company level
|
1. Placement
2. Layering 3. Integration
What are the stages of money laundering
|
True
The CBUAE's laws, regulations, etc are also compulsory for companies located in the free zones
|
|
1. Internal Audit
2. Compliance 3. Risk Management
Name 3 functions of Internal Control
|
1. CO/MLRO, SEO
2. Immediately upon receipt 3. In writing and in full detail
To whom should i report a complaint from a client?
When and how? |
Insurance Management
MSH is licenced to conduct....
|
30 days since the business relationship is initiated
The new customer's approval by compliance must be completed within......
|
1. Economic
2. Travel ban 3. Sports
Name 3 types of sanctions
|
|
ENGLISH
What is the official language of the DFSA?
|
1. Beneficial owners
2. Country of origin 3. Product or service 4. Financial situation
Name 4 risks related to the customer/client
|
Money laundering is the process by which illegally obtained money is given the appearance of having originated from a legitimate source
What is the definition of "money laundering"
|
1. Transactions with no apparent purpose
2. Transactions requested by a person without reasonable explanation 3. size or pattern of transactions 4. customer refuses to provide the information 5. customer who has just entered into a business relationship uses the relationship for a single transaction or for only a very short period of time 6. an extensive use of offshore accounts 7. unnecessary routing of funds 8. unusual transactions without an apparently profitable motive
Name 3 indicators of suspicious activity
|
Yes
Are we obliged to follow the OFAC Sanctions?
|
|
N/A
What is the definition of "terrorism"
|
Sanctions are preventive measures which allow the Organization that imposes them to respond swiftly to political challenges and developments that go against its objectives and values
What are the sanctions?
|
TRUE
Failing to submit a SUSPICIOUS report is a federal crime
|
FALSE!!!!!
Declaration of outside the company business activities must be reported only when they are related to the same industry of MSH.
|
False
Compliance is the responsibility of the senior management and the CO/MLRO
|
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