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Home └1. ငွေကြေးခဝါချမှု တိုက်ဖျက်ရေး (AML Policy) └AML Policy Quiz

1. ငွေကြေးခဝါချမှု တိုက်ဖျက်ရေး (AML Policy)

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AML Policy Quiz

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1. 1. What is the primary purpose of Concordia’s AML policy?
A) To increase company profits B) To prevent money laundering and terrorist financing activities C) To expand international partnerships D) To simplify import-export processes
2. 2. Which law requires organizations in Myanmar to report money laundering activities?
A) Myanmar Anti-Money Laundering Law (2014) B) Myanmar Financial Reporting Standards C) International Financial Reporting Standards (IFRS) D) Financial Action Task Force (FATF) Recommendations
3. 3. Who is responsible for overseeing the AML program and liaising with relevant authorities?
A) Board of Directors B) Compliance Officer C) Management D) Employees
4. 4. What is the minimum duration for maintaining transaction records under Myanmar AML law?
A) Three years B) Five years C) Seven years D) Ten years
5. 5. What does Enhanced Customer Due Diligence (CDD) involve?
A) Collecting basic identification details B) Ongoing monitoring and additional scrutiny for high-risk clients C) Simplifying verification processes D) Avoiding international transactions
6. 6. Which international standards on AML must be incorporated into company procedures?
A) Myanmar Financial Reporting Standards B) Financial Action Task Force (FATF) Recommendations C) ISO 9001 Standards D) World Trade Organization Guidelines
7. 7. What is the primary focus of AML training for employees?
A) Improving sales techniques B) Identifying and reporting suspicious activities C) Learning new engineering methods D) Understanding import-export regulations
8. 8. What is the role of the Board of Directors in the AML policy?
A) To conduct risk assessments B) To establish the AML policy and ensure adequate resources for implementation C) To monitor suspicious transactions D) To perform KYC reviews
9. 9. What does the Know Your Customer (KYC) process include?
A) Identity verification and financial background checks B) Simplifying transaction monitoring C) Avoiding high-risk clients D) Reducing record-keeping requirements
10. 10. How often should the AML policy be reviewed?
A) Every six months B) Annually or whenever there are significant changes C) Every two years D) Only when requested by regulators