| 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?
|
DFSA & CBUAE
Who is/are the regulators for money laundering?
|
1. Compliance/AML policies and procedures
2. Contact person with the regulator and the authorities 3. SAR 4. Deliver training
List 4 responsibilities of a CO/MLRO
|
1. Bribery, corruption, fraud
2. Capital adequacy 3. Manipulation
Name 3 severe regulatory breaches
|
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. Dealinf in UAE dirhams 4. Directly insure risks located within UAE
List 3 activities IGI is not licenced to undertake
|
Wrong
IGI does not hold or process personal and sensitive data.
|
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?
|
example
How insurance can be used for money laundering?
|
|
No
We are obliged to follow sanctions imposed by the UAE, OFAC, EU, UN
|
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. Economic
2. Travel ban 3. Sports
Name 3 types of sanctions
|
|
Wrong
Every WB is protected by the legal framework of the country is based and the legal lframework of their home country as their citizents
|
1. Beneficial owners
2. Country of origin 3. Product or service 4. Financial situation
Name 4 risks related to the customer/client
|
FALSE!!!!
Our company doesn't have a Whistleblowing Policy, because we have in place a Data Protection Policy to safeguard confidentiality.
|
The unknown
What is risk?
|
Yes
Can IGI act as an insurer?
|
|
Suspicious Activity Report
Suspicious Transactions Report To the CO/MLRO
What is a SAR and what is a STR? To whom these are reported and who submits them to the authorities?
|
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 IGID.
|
False
Compliance is the responsibility of the senior management and the CO/MLRO
|
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