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Home └2 CTF (အကြမ်းဖက်မှုတိုက်ဖျက်ရေး) Policy └CTF Policy Quiz

2 CTF (အကြမ်းဖက်မှုတိုက်ဖျက်ရေး) Policy

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CTF Policy Quiz

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1. 1. What is the primary focus of Customer Due Diligence (CDD)?
A. Enhancing product quality B. Conducting due diligence on all clients, especially high-risk ones C. Reviewing staff performance D. Marketing new services
2. 2. Enhanced CDD is especially important for customers involved in:
A. Domestic transactions only B. Entertainment and hospitality industries C. High-risk regions or international tender processes D. Retail banking services
3. 3. Suspicious Transaction Reports (STRs) must be submitted to:
A. Internal HR Department B. Myanmar Chamber of Commerce C. Financial Intelligence Unit (FIU) in Myanmar D. Board of Directors only
4. 4. Continuous monitoring is required particularly for:
A. Transactions with known suppliers only B. All low-value domestic purchases C. High-risk transactions involving equipment or services D. Inventory restocking procedures
5. 5. How long must CDD and transaction monitoring records be retained?
A. 2 years B. 3 years C. 5 years D. 10 years
6. 6. Record-keeping must comply with:
A. Local language requirements only B. IFRS standards for accuracy and transparency C. Internal marketing goals D. Quarterly employee assessments
7. 7. How frequently should CTF training be provided to staff?
A. Every five years B. Monthly C. Annually D. Once during onboarding only
8. 8. Which departments should receive prioritized CTF training?
A. Marketing and design B. HR and customer service C. Finance, logistics, and legal D. IT and software support
9. 9. Internal controls should focus on which of the following high-risk areas?
A. Recruitment and onboarding B. Product development C. Tendering processes, foreign transactions, and currency exchanges D. Domestic logistics planning
10. 10. The purpose of regular audits is to:
A. Cut operational costs B. Evaluate marketing strategy C. Assess the effectiveness of internal controls and ensure compliance D. Review customer satisfaction