Question 1
What is the primary statutory purpose of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO, Cap. 615) in Hong Kong?
Correct Answer:
To prescribe statutory requirements for customer due diligence (CDD) and record-keeping for financial institutions
Question 2
Which of the following bodies in Hong Kong is responsible for receiving and processing Suspicious Transaction Reports (STRs)?
Correct Answer:
Joint Financial Intelligence Unit (JFIU)
Question 3
Which ordinance specifically criminalizes the laundering of proceeds derived from drug trafficking in Hong Kong?
Correct Answer:
Drug Trafficking (Recovery of Proceeds) Ordinance (Cap. 405)
Question 4
Under the Organised and Serious Crimes Ordinance (OSCO, Cap. 455), what is the maximum criminal penalty for a person convicted of a money laundering offense?
Correct Answer:
Imprisonment for 14 years and a fine of HKD 5,000,000
Question 5
Which international intergovernmental body publishes the '40 Recommendations' that form the global standard for AML/CFT?
Correct Answer:
Financial Action Task Force (FATF)
Question 1
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Prepare with the HKIB ECF-AML CFT Core Practice Questions - HKIB Enhanced Competency Framework on Anti-Money Laundering and Counter-Financing of Terrorism (Core Level) Examination Exam practice quiz. This question bank includes 100 questions covering bank, laundering, money, risk, and hong. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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HKIB ECF-AML CFT Core Practice Questions - HKIB Enhanced Competency Framework on Anti-Money Laundering and Counter-Financing of Terrorism (Core Level) Examination Exam

This practice set contains 100 questions from the matching question bank and focuses on bank, laundering, money, risk, and hong. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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