Q. What is the method of "structuring deposits" commonly known as in money laundering?

View solution

Q. What are shell companies used for in money laundering?

View solution

Q. What purpose do overseas banks serve in money laundering?

View solution

Q. Which countries are considered major offshore centers for money laundering?

View solution

Q. How are telegraphic transfers used for money laundering?

View solution

Q. How has the return premium been used for money laundering?

View solution

Q. In what scenarios should insurers be especially vigilant regarding overpayment of premiums?

View solution

Q. What risks does a financial institution or economy with poor anti-money laundering (AML) regime face?

View solution

Q. How can criminal proceeds entering the financial system affect its stability?

View solution

Q. What is one of the major threats posed by money laundering, especially post 9/11 attacks?

View solution

Q. How has technology contributed to concerns regarding money laundering and terrorism financing?

View solution

Q. Which legislations were enacted in India in the late 1980s to address drug trafficking and related money laundering activities?

View solution

Q. When was the Prevention of Money Laundering Act (PMLA) 2002 brought into force?

View solution

Q. What are the objectives of the Prevention of Money Laundering Act (PMLA)?

View solution

Q. According to Reserve Bank of India (RBI) guidelines, what transactions should banks and financial institutions maintain records of?

View solution

Q. What constitutes a suspicious transaction in insurance?

View solution

Q. Which of the following is NOT listed as an example of a suspicious transaction in insurance?

View solution

Q. What action should be taken if there is a suspicion of a transaction being involved in illegal activity?

View solution

Q. What is the purpose of analysing suspicious transactions and taking immediate action?

View solution

Q. What is the primary objective of KYC processes?

View solution