Online Access Free CKYCA Practice Test

A transaction monitoring alert is generated by an automated system. The alert was triggered by a scenario to flag large cash payments. The analyst is not able to explain the behavior that triggered the alert. Which step should a KYC analyst take next?

• A.Submit a suspicious transaction report.
• B.Mark the alert as a false positive.
• C.Block the account to prevent any other transactions.
• D.Escalate the alert to the second line for investigation.

Who will review KYC files to determine whether you are complying with your jurisdiction's laws and regulations

• A.The KYC Analyst
• B.Regulators
• C.Law Enforcement
• D.Compliance

CDD encompasses the entire lifecycle of due diligence?

• A.CIP, EDD, SDD.
• B.CIP, SDD, EDD.
• C.CDD, EDD, SDD.
• D.CIP, CDD, EDD.

What are the two types of Politically Exposed Persons (PEPS) that are identified by The Financial Action Task Force? (SELECT 2)

• A.Foreign PEPs are individuals who are or have been entrusted with prominent public functions by a domestic country.
• B.Domestic PEPs are individuals who are or have been entrusted domestically with prominent non-public functions.
• C.Domestic PEPs are individuals who are or have been entrusted domestically with prominent public functions.
• D.Foreign PEPs are individuals who are or have been entrusted with prominent public functions by a foreign country.

What a is supranational organization below? (SELECT 3)

• A.Singapore's Ministry of Law.
• B.World Trade Organization
• C.Australian Transaction Reports and Analysis Centre.
• D.United Nations
• E.European Union.