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Basic AML Quiz

Question 1 of 3

Q1 . Terrorist financing is the processing of funds to finance terrorist activities

Q2 . which one of the answers best describes predicate offences

Q3 . 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

Q4 . One of the negative effects of money laundering is that it encourages the act of terrorism

Q5 . What is the relationship between the financial institutions(FIs) and the Nigerian Financial Intelligence Unit (NFIU)

Q6 . Which of these law(s) and regulation support the fight on AML/CFT in Nigeria