What is money laundering
Money laundering can be referred to as a means of hiding the proceeds of crime
Money laundering can be referred to as a means of committing crimes
Money laundering can be referred to as a means of Gambling
Money laundering can be referred to as a means of hiding victims of crime
which option best describes the money laundering process?
placement, layering,integration
layering,placement ,integration
integration,layering,placement
placement, layering,investment
which of these options describes a money laundering scheme/technique?
Smurfing
illegal Cash importation
Cash structuring
Use of mules
Which one of these options is not a predicate offense to money laundering?
Tax evasion
Drugs smuggling
Human trafficking
Vandalism
The source for terrorism financing can be both from legal as well as illegal sources
The difference between money laundering and terrorist financing is that the source of funds for money laundering can only be from proceeds of crime while terrorist financing can be from both legal and illegal sources
Which one of these institutions is vulnerable to money laundering
Non-Governmental Organizations (NGOs)
Banks
Money service business
All of the above
Which of these law(s) and regulation support the fight on AML/CFT in Nigeria
Money Laundering Prohibition Act,2011
Central Bank of Nigeria AML/CFT regulations
BOFIA 2004
