Preview Questions AML Specialist | Role Specific Skill

Question 1: What is the primary responsibility of a financial institution's AML compliance officer?

Which action should you take?

Choose only one option

To develop marketing campaigns

To manage customer accounts directly

To evaluate customer complaints

To ensure the institution follows AML regulations and manages risks effectively

Question 2: Which of the following is an example of inherent risk in the AML compliance process?

Which action should you take?

Choose only one option

Risk from failure to monitor large transactions

Risk from the absence of proper KYC processes

Risk from customers with complex financial backgrounds

Risk from insufficient training of compliance staff

Question 3: Which of the following represents a high-risk transaction under AML guidelines?

Which action should you take?

Choose only one option

A wire transfer from a high-risk jurisdiction to a tax haven

A loan repayment by a customer with good credit history

A routine deposit from a long-term customer

An insurance policy premium payment

Question 4: Which of the following fraud detection techniques uses machine learning to analyze transaction patterns for unusual activity?

Which action should you take?

Choose only one option

Manual transaction screening

Rule-based monitoring

Transaction threshold limits

Predictive analytics

Question 5: Which data breach technique is commonly used by fraudsters to target financial institutions?

Which action should you take?

Choose only one option

Phishing

SQL Injection

Distributed Denial of Service (DDoS) attacks

Man-in-the-middle (MITM) attacks

Question 6: In an AML investigation, what is the role of customer profiling?

Which action should you take?

Choose only one option

It helps establish the customer's normal transaction behavior and risk level

It focuses only on customer demographics

It helps standardize customer onboarding

It automatically identifies fraudsters