| High Bets | Medium Bets | Play and Win | 1 million questions | Final round |
|---|---|---|---|---|
|
1. Compliance
2. Risk Management 3. Internal Audit
What are the internal controls of a company?
|
Dubai International Financial Center
Free zone
What is the DIFC?
|
a person who reports a regulatory concern
What is the definition of a WB?
|
6 years as per the DFSA
Our retention period is...
|
CO/MLRO
Where should i report a suspicion i have about money laundering and/or terrorism financing?
|
|
1. Accept deposits from the UAE market
2. Retail 3. Dealing in UAE dirhams 4. Directly insure risks located within UAE
Name 3 restrictions that apply to Volante's regime (free zone)
|
Dubai Financial Services Authority
The regulator of the free zone (DIFC)
What is the DFSA?
|
1. Country
2. Organizations 3. Company 4. Individual
Who can impose sanctions?
|
the financial support, in any form, of terrorism or those who encourage, plan, or engage in it
What is terrorist financing?
|
True
The CBUAE's laws, regulations, etc are also compulsory for companies located in the free zones
|
|
1. Insurance Management
2. Insurance Intermediation
Our licenced activities are
|
1. CO/MLRO, SEO or Legal
2. Immediately upon receipt 3. In writing and in full detail
To whom should i report a complaint from a client?
When and how? |
1. Chairman of the Board
2. Group Compliance Officer 3. Group Legal Officer
If there is suspicion of a fraud case, where the SEO and the CO/MLRO are involved, to whom should i report the incident?
|
a natural person (and includes, where relevant, a family member or close associate) who is or has been entrusted with a prominent public function, whether in the State or elsewhere
What is a PEP? Can a company be a PEP?
|
1. No transaction
2. No service to be provided 3. Terminate or suspend any existing business relationship 4. Return any monies or assets received 5. Consider if this is a red flag...SAR
When we are unable to complete a CDD, what are the actions that should apply?
|
|
30
How many days do we have to onboard a new client, before it is recorded as a breach?
|
Only AML related regulations
The CBUAE has the power to release regulations which apply on the free zone
|
FALSE!!!!
Our company doesn't have a Whistleblowing Policy, because we have in place a Data Protection Policy to safeguard confidentiality.
|
sanctions which are against particular
individuals, entities, groups, or undertakings
What are the targeted financial sanctions?
|
No!
Are we obligated to follow the OFAC Sanctions?
|
|
NO!
It is safe to use our CORPORATE mobile devices for receiving and sending attachments through diferrent applications
|
1. Primary offence - intentionally
2. Secondary offence - i) SAR, ii) tipping-off
Name the 2 offences of money laundering
|
Does NOT exist
What is the definition of terrorism
|
FALSE!!!!!
Declaration of outside the company business activities must be reported only when they are related to the same industry of Volante.
|
Trafficking, drugs, smuggling, fraud, terrorism, sexual exploitation, corruption, cyber crime, etc
Name some of the FATF offences
|
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