- 4 Marks
BL – Nov 2020 – L1 – SB – Q2b – Law Relating to Banking
Identify transactions under surveillance per the Money Laundering Act.
Question
The Money Laundering (Prohibition) Act empowers the agency to place surveillance on certain bank account transactions to curb money laundering.
Required:
State FOUR transactions which require special surveillance under the Act.
Find Related Questions by Tags, levels, etc.
- Tags: Banking Regulations, Financial Transactions, Money laundering, Surveillance
- Level: Level 1
- Topic: Law Relating to Banking
- Series: NOV 2020
