Block 1 - Money Laundering

Question 1

Process

Question 2

Illegal sources

Question 3

Legal economy

Question 4

Criminal

Question 5

Placement

Question 6

Layering

Question 7

Integration

Question 8

Bank

Question 9

Stock Market

Question 10

Property property purchase

Question 11

Risk

Question 12

Customer due diligence

Question 13

Politically exposed person

Question 14

Layering

Question 15

Subsequent transactions

Question 16

Overseas bank transfer

Question 17

Cash-based business

Question 18

Cash-based business

Question 19

Stage

Question 20

Regulator

Question 21

Point of satisfaction

Question 22

Leisure and amusement industry

Question 23

MLRO

Question 24

MLRO

Question 25

Policies and procedures

Question 26

Appoint

Question 27

Communication

Question 28

Working paper

Question 29

Sufficient, appropriate audit evidence

Question 30

Client screening

Question 31

Skeptical

Question 32

Suspicious activity

Question 33

Vigilance

Question 34

Review

Question 35

Internal control department

Question 36

Audit committee

Question 37

Robustness

Question 38

High-risk clients

Question 39

Client records

Question 40

Regulatory investigation

Question 41

Regulatory authority

Question 42

Tip off

Question 43

Confidentiality

Question 44

Implication

Question 45

Circumstance

Question 46

Audit Senior

Question 47

Nature of business

Question 48

Draft financial statements

Question 49

Explanation

Question 50

Owner-managed

Question 51

Checks and balances

Question 52

Authorization

Question 53

Nature of reporting/communication

Question 54

Skeptical threshold

Question 55

Materiality

Question 56

Sample size

Question 57

Audit Procedures

Question 58

Client integrity level

Question 59

Suspicion

Question 60

Fictitious

Question 61

Related party transaction