- 1 Marks
BL – May 2017 – L1 – SA – Q9 – Law Relating to Banking
Identifying a non-purpose of the Money Laundering Act.
Question
Which of the following is NOT a purpose of the Money Laundering (Prohibition) Act?
A. Limiting the amount of cash withdrawal from bank account
B. Regulating public cash procurement
C. Regulation of over-the-counter exchange transaction
D. Provision of proper means of identifying bank customers
E. Enabling the National Drug Law Enforcement Agency to place surveillance on bank account
Find Related Questions by Tags, levels, etc.
- Tags: Banking Law, Financial Crime Prevention, Money laundering
- Level: Level 1
- Topic: Law Relating to Banking
- Series: MAY 2017
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