Assessment: Certificate Course: Trade Based Money Laundering

Assessment: Certificate Course: Trade Based Money Laundering

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Question 1 of 6

1. Question
Company A exports mobile phones to Company B. The market price of these phones is $200 each. The unit price mentioned on the invoice is $100 each. Which typology of TBML is at play in this case?
- Under-invoicing
- Multiple invoicing
- Over-invoicing
Question 2 of 6

2. Question
Which of the following is NOT amongst the top three methods used to launder the proceeds of crime globally?
- TBML
- Use of Shell companies / proliferation financing
- Cash Transactions
- Wire Transfers
Question 3 of 6

3. Question
Money launderers often exploit challenges faced by financial institutions to detect TBML. Which of the following is a factor adding to this challenge of detecting TBML?
- Success in combating other methods of money laundering has pushed criminals to use TBML
- Trade generally takes place within a country’s borders, hence difficult to detect the money trail
- Trade transactions generally involve too many parties to keep a track of
Question 4 of 6

4. Question
Which of the following is an example of phantom shipment?
- Invoice mentioned 100 goods to be shipped, but receiver received only 50 goods
- Invoice mentioned 100 goods to be shipped, but receiver received 200 goods
- Invoice mentioned 100 goods to be shipped, but receiver did not receive any goods
Question 5 of 6

5. Question
Which of the following is NOT a part of the new FATF-Egmont publication?
- List of risk indicators
- Trade-based terrorist financing
- List of global entities that are facilitating TBML
- Importance of role of customs to counter TBML
Question 6 of 6

6. Question
Which of the following groups are known to exploit trade to move illegal funds:
- a. Organised crime groups
- b. Professional money launderers
- c. Terrorist networks
- All of the above
- a. and b.