Block 1 - Money Laundering Flashcards
1
Q
Process
A
2
Q
Illegal sources
A
3
Q
Legal economy
A
4
Q
Criminal
A
5
Q
Placement
A
6
Q
Layering
A
7
Q
Integration
A
8
Q
Bank
A
9
Q
Stock Market
A
10
Q
Property property purchase
A
11
Q
Risk
A
12
Q
Customer due diligence
A
13
Q
Politically exposed person
A
14
Q
Layering
A
15
Q
Subsequent transactions
A
16
Q
Overseas bank transfer
A
17
Q
Cash-based business
A
18
Q
Cash-based business
A
19
Q
Stage
A
20
Q
Regulator
A
21
Q
Point of satisfaction
A
22
Q
Leisure and amusement industry
A
23
Q
MLRO
A
24
Q
MLRO
A
25
Policies and procedures
26
Appoint
27
Communication
28
Working paper
29
Sufficient, appropriate audit evidence
30
Client screening
31
Skeptical
32
Suspicious activity
33
Vigilance
34
Review
35
Internal control department
36
Audit committee
37
Robustness
38
High-risk clients
39
Client records
40
Regulatory investigation
41
Regulatory authority
42
Tip off
43
Confidentiality
44
Implication
45
Circumstance
46
Audit Senior
47
Nature of business
48
Draft financial statements
49
Explanation
50
Owner-managed
51
Checks and balances
52
Authorization
53
Nature of reporting/communication
54
Skeptical threshold
55
Materiality
56
Sample size
57
Audit Procedures
58
Client integrity level
59
Suspicion
60
Fictitious
61
Related party transaction
