In verifying customer's identification, you have to



a)      Verify Full Name, including any alias, Date of Birth and Address



b)      Verify unique identification (ID) Number, Full Name, including any alias, Date of Birth and Country of Birth



c)       Verify unique identification (ID) Number, Full Name, including any alias, Date of Birth and address.



d)      Verify unique identification (ID) Number, Full Name, including any alias, Date of Birth,  Country of Birth and Address.

2)      Which of the following is one of the key elements of Customer Due Diligence?



a)      Know your customer.



b)      Know the immediate family of the customer



c)       Trust the customer



d)      Know the bank the customer goes to

Money Laundering and terrorism financing can be deterred and detected through appropriate Customer Due Diligence measures like:



a)      Identification and verification of the customer's identity



b)      Identification and verification of the beneficial owner's identity



c)       Identification and verification of the payee's identity



d)      All of the above.

Which of the instances where the policyholder is NOT the Beneficial Owner?



a)      Husband while working overseas, transfers money to his wife here and instructs her to purchase an ILP policy on his behalf. Wife purchased the policy under her name.



b)      A provides B the funds to purchase life policy and asks B, the policyholder, to assign the policy back to him.



c)       A company purchases a Key man insurance policy for its employee. The policyholder is the company while the insured is the employee.



d)      All of the above.

All employees are reminded that the reporting of the suspicious transactions is mandatory under The Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act and The Terrorism (Suppression of Financing) Act. A suspicious transaction report (STR) could be filed if:



a)      The customer looks suspicious



b)      The customer forgets to bring along his identification for verification



c)       The customer is reluctant, unable or unwilling to provide any information requested, decides to withdraw a pending application to establish business relations or a pending transaction, or to terminate existing business relations.