Are Immediate family members, relatives, and close associates of PEPS classified as PEPS?

• A.Yes.
• B.No.
• C.Perhaps.

Comment: *

Name: *

Email: *

Verification: *

The overall control environment is the set of _________

• A.standards, processes, and structures that provide the basis for carrying out external control across the organization.
• B.risk standards, processes, and structures that provide the basis for carrying out internal control across the organization.
• C.standards, processes, and structures that provide the basis for carrying out internal control across the organization.

Comment: *

Name: *

Email: *

Verification: *

Why can Trusts pose a higher risk from a financial crime perspective?

• A.There is no major risk from a financial crime perspective? they are legitimate business instrument and that's why they are legal all around the world including in the United States, and Europe.
• B.They are in a physical paper form and ownership is controlled by the person who possesses the physical paper in hand.
• C.The trustee can use a trust in order to commit financial crime.
• D.They can be used to mask the true owner and actual business purpose.

Comment: *

Name: *

Email: *

Verification: *

Shell companies can only be established as single purpose entities?

• A.Yes.
• B.No.

Comment: *

Name: *

Email: *

Verification: *

What is the advantage of Bearer Shares? (SELECT 3)

• A.They can't be traced to a central registry because whoever carries them is the purported owner.
• B.They are a more affordable way of setting up a business in certain countries in the Caribbean.
• C.They are an excellent, quick effective way to set up a business in Delaware, Nevada, and Wyoming
• D.Tax haven countries and their strict secrecy laws can further conceal the true ownership.
• E.They can be held under agreement by professionals as another layer of secrecy.

Comment: *

Name: *

Email: *

Verification: *