Shell companies can only be established as single purpose entities?

• A.Yes.
• B.No.

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What is the Primary Money Laundering Regulation in the United Kingdom?

• A.UK AML Sanctions Regime
• B.Proceeds of Crime Act
• C.Proceeds of Terrorism Act
• D.The Money Laundering and Terrorist Financing (Amendment) Regulation 2019

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The Source of Funds and the Source of Wealth must be? (SELECT 2)

• A.Explained.
• B.Provided
• C.Consistant.
• D.Verified.

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For secondary forms of non-documentary verification. Is the act of someone from the institution ringing up the individual and confirming the verification sufficient?

• A.Depends on the client.
• B.Yes.
• C.No.

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If a customer is a PEP and they are using private wealth services from banks, and also appear to have obtained a fair amount of wealth is this a red flag?

• A.No.
• B.Depends on the exact circumstances.
• C.Yes.

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