According to AUSTRAC, what amounts to (or raises) ‘suspicion’ regarding the filing of Suspicious Matter Reports (SMRs)? (Select all, if any, that apply)Group of answer choicesIdentity of or associations of individuals or entitiesCountry or jurisdiction where money has been sent or receivedCircumstances e.g. lack of commercial logicRacial profileEthnic backgroundAmount or sources of money

Which action is a ‘tipping-off’ offence under s 123 of the AML/CTF Act? (Select all, if any, that apply)Group of answer choicesBank disclosed information about a SMR filing to its lawyer for the purpose of seeking legal adviceBank notifies customer that a SMR has been filedQualified accountant discloses information for purpose of dissuading customer from engaging in conduct which may amount to evasion of a taxation law, or criminal offenceBank asking customer (a dual citizen) to provide past/expired/other passports

Which THREE of the following are specific reporting and/or investigation channels with expertise in fraud or corruption?The Australian Federal PoliceSocial mediaICACFair Work AustraliaAustralian Tax Office

Who is best placed to spot suspicious activity indicative of money laundering or terrorist financing?Choisissez la meilleure optionCompliance team Money Laundering Reporting Officer Everyone at Revolut, regardless of their position Senior Management

What are the AUSTRAC enforcement powers? (select all, if any, that apply)Group of answer choicesAppoint external auditorsInstigate remedial directions by requiring a reporting entity to take specified action to ensure complianceAccept enforceable undertakings detailing the specific actions a reporting entity will commence or ceaseIssue infringement noticesApply to the Australian Federal Court to obtain injunctionEnforce AML/CTF criminal judgmentsExtradite AML/CTF PEPs or criminalsCommence remittance registration actionsApply to the Australian Federal Court to obtain a penalty orderDispatch written notices

The purpose of the Anti-Money Laundering and Counter- Terrorism Financing Act 2006 (Cth) is to:Group of answer choicesCreate an effective Financial Intelligence Unit (FIU) & Regulator - in Australia, the Australian Transaction Reports & Analysis Centre (AUSTRAC)Prevent money laundering & terrorist financing by imposing obligations on the financial sector, bullion & gambling sector, remittance sector & digital currency exchangesAll available answersComply with the FATF Standards on ML, TF & proliferation financingNone of the available answers