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Guide for Certified Transaction Monitoring Associate

Quiz Certified Transaction Monitoring Associate

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/ 10

Quiz

1/10
John has reached out to the client asking for a Formal I.D in the periodic reassessment after an alert
caused the KYC file to be refreshed. The client has email back a copy of their drivers licence, Is this
acceptable?
Select the answer
1 correct answer
A.
Yes
B.
No
C.
Depends

Quiz

2/10
Letters of Credit are a well known __________ Product?
Select the answer
1 correct answer
A.
Finance
B.
Credit
C.
Trade Finance
D.
Fixed-Income

Quiz

3/10
With regards to data and security, financial institutions must provide? (SELECT 2)
Select the answer
2 correct answers
A.
Best Practice
B.
Duty of Care
C.
Optional Choice
D.
Legal Obligation

Quiz

4/10
For a State Owned Enterprise to be officially a SOE, What are the levels of state involvement are
requited
Select the answer
3 correct answers
A.
Majority
B.
Full
C.
Half
D.
Significant
E.
Low

Quiz

5/10
When are you allowed to refuse or terminate a relationship with a customer?
Select the answer
1 correct answer
A.
Only at the beginning of the investigation.
B.
Only after the client has been onboarded, then the relationship can be terminated.
C.
only after the transaction monitoring has been done but not the KYC.
D.
At anytime during the onboarding process.

Quiz

6/10
An Transaction Monitoring Analyst has found out that a company in which the alert has been generated
from is using bearer shares for the formation of the company. Is this client allowed in the United States?
Select the answer
1 correct answer
A.
Yes
B.
No
C.
Depends on the jurisdiction of the entity

Quiz

7/10
Joey a Transaction Monitoring analyst has discovered that after the risk assessment, There is no
evidence of money laundering, terrorist financing, or economic sanctions. What is the next stage for Joey
here/
Select the answer
1 correct answer
A.
Clear Alert
B.
Escalate to Compliance
C.
Escalate to his Senior Manager.
D.
Report to Law Enforcement

Quiz

8/10
What Technologies are very active in Transaction Monitoring right now and in the future?
Select the answer
2 correct answers
A.
Cloud Computing
B.
Machine Learning
C.
Artificial Intelligence
D.
Neural Networks

Quiz

9/10
When do Financial Criminals mostly focus on tailoring their relationship with a bank?
Select the answer
1 correct answer
A.
Before the formal relationship starts
B.
At the beginning of the banking relationship
C.
During the banking Relationship
D.
End of the Banking Relationship

Quiz

10/10
What are some elements of a Shell Company? (SELECT 2)
Select the answer
2 correct answers
A.
No assets or operations
B.
Sometimes legitimate but low-risk
C.
Sometimes facilitate money laundering
D.
Appear legitimate and mask ownership
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Info quiz:

  • Quiz name:Certified Transaction Monitoring Associate
  • Total number of questions:160
  • Number of questions for the test:50
  • Pass score:80%

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