Anti-Money Laundering Quiz

November 18, 2014
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Test Your AML Knowledge

Money laundering is ‘the process by which criminals convert the proceeds of illegal activities into legitimate funds’. So that criminals can use the proceeds of illegal activities without their original source being detected, they will resort to money laundering. This process attempts to make funds appear perfectly 'clean' with an apparently legitimate reason for their existence. Try our quick quiz below and test your knowledge of anti-money laundering.

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Which of the following may be an indicator of money laundering?

Correct! Wrong!

Which of these is the biggest potential risk area?

Correct! Wrong!

Customer identification is needed for all new customers before dealing with them. How long should this information be kept for?

Correct! Wrong!

Which of the following is NOT an acceptable proof of identity?

Correct! Wrong!

Who assumes responsibility for AML supervision?

Correct! Wrong!

Test Your AML Knowledge
Want to learn how to recognise money laundering and how to prevent it occurring in your business? Take a look at our AML & Financial Crime Course.

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Business Law and ComplianceFinancial