Knowledge Base

← Financial Security: AML/CFT, Anti-Corruption, and Sanctions

Questions

Which step of the analysis methodology involves assessing the risk level by applying a documented classification?

Identification of risk factors
Assessment of the risk level
Determination of due diligence measures
Regular monitoring and updating of assessments

Which article of the Code monétaire et financier provides for enhanced examination of particularly complex transactions?

Article L.561-4-1
Article L.561-10-2
Article R.561-12
Article L.561-15

What is the retention period for documentation relating to an enhanced examination?

One year
Three years
Five years
Ten years

What are the predefined criteria used to break down data during the analysis of suspicious activities?

Client profile, nature of the product, characteristics of the transaction, geographical dimension
Transaction amount, frequency of transactions, account type, client history
Transaction location, type of currency used, time of transaction, beneficiary identity
Region of origin of funds, transaction type, duration of the relationship, client's tax status

Categorize items by dragging them to the appropriate zones

Items to categorize:

Refusal to respond to KYC enquiries
Amounts inconsistent with the declared profile
Shell companies
Categories:

Behavioural indicators

Transactional indicators

Structural indicators

Definition of suspicion under Article L.561-15 of the CMF

Click to see answer

Behavioural warning indicators include a refusal to respond to KYC enquiries.

True
False

A typical case illustrated in the TRACFIN brochure for notaries describes the acquisition of a property by two foreign nationals with no declared occupation.

True
False