 |  Acts related to Banking 20 Flashcards |  Start |
 | What is the first stage of Money Laundering called? |  Card: 1 / 20 |
| Placement | Card: 2 / 20 |
| Fill in the blank: The agency responsible for monitoring Anti Money Laundering activities in India is called ______. | Card: 3 / 20 |
| Financial Intelligence Unit (FIU IND) | Card: 4 / 20 |
| True or False: The Prevention of Money Laundering Act, 2002 was introduced on 1st July 2000. | Card: 5 / 20 |
| False. The Act was introduced on 1st July 2005. | Card: 6 / 20 |
| Which organization was established in 1989 to combat money laundering and terrorist financial activities? | Card: 7 / 20 |
| Financial Action Task Force (FATF) | Card: 8 / 20 |
| Riddle: I am a process that converts illegal funds into seemingly legal money. What am I? | Card: 9 / 20 |
| Money Laundering | Card: 10 / 20 |
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| In the layering stage of Money Laundering, what does the launderer create to hide the origin of money? | Card: 11 / 20 |
| A complex network of transactions | Card: 12 / 20 |
| Fill in the blank: The penalty for being guilty of money laundering can include imprisonment for up to ______ years. | Card: 13 / 20 |
| Seven | Card: 14 / 20 |
| True or False: The Indian Government's steps to fight against money laundering include freezing terrorist assets. | Card: 15 / 20 |
| True | Card: 16 / 20 |
| What is the final stage of Money Laundering called? | Card: 17 / 20 |
| Integration | Card: 18 / 20 |
| Which section of the Prevention of Money Laundering Act defines the offence of money laundering? | Card: 19 / 20 |
| Section 3 | Card: 20 / 20 |
| Completed! Keep practicing to master all of them. |  Restart |
