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Are you ready to be the Chief AML Officer for your FinTech?

Take the CAMLO Quiz and Find Out.

Founders are used to wearing multiple hats. Designating yourself or another non-qualified person as the Chief AML Officer (“CAMLO”) can become a costly mistake. Read our blog to find out more. In the meantime, test your knowledge and see if you even qualify.

CAMLO Quiz

Tell us something about your company, products, and geography so that we can generate
the appropriate jurisdiction based questions:

  • Cash
    Virtual Currency
    Debit/ EFT
    Wire - Domestic
    Wire - International
  • Yes
    No

1 For the purposes of the travel rule, according to FATF and its supporting members, it refers to?

2 The Safe-Harbor rule refers to what regarding AML/CFT

3 When must an organization report suspicious transactions to their regulator/financial intelligence unit?

4 “Tipping-off” offence refers to?

5 The Best Definition of a PEP is:

6 What is one major difference between a Know your Customer (KYC) process and a Customer Due Diligence (CDD) process?

7 What type of transactions is specifically excluded gathering KYC information?

8 Which of the following types of businesses is statistically most likely to be used for funding terrorism ?

9 FATF has identified certain high-risk businesses. Which of the following is considered high-risk ?

10 What programmatic element should come first when assembling a AML compliance program?

11 What type of address is not acceptable as a “home address”?

12 When a new sanction is published by your country regulator, the organization must promptly:

13 When a Suspicious Transaction Report (STR) is filed when must the organization refile another STR?

14 Which component of a monitoring program is most critical to its success?

15 When has the organization “detected” suspicious activity?

16 Which is the best order to follow when establishing an AML/CFT program?

17 When filing the mandatory cash transaction report you should list the person’s occupation.

18 When Law Enforcement requests are made about a suspicious transaction, your organization should;

19 True or False, for the purpose of filing a Suspicious Transaction report, the denominations and number of bills of cash must be reported.

20 True or False, senders of International SWIFT transactions are excluded from sanctions screening requirements.