FATF's new guidelines on tackling money laundering

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. According to the UN, what percentage of global GDP is laundered money?

  2. What is the main goal of the Financial Action Task Force?

  3. Which of the following is not a sign that a client may be a criminal?

  4. What do accountants assisting with property purchases need to be particularly aware of?

  5. Why might a startup company trigger false red flags for money laundering or terrorist financing?

  6. When should an accountant check on a Politically Exposed Person?

  7. What should national governments do if they want to improve on the FATF's guidance?

  8. What will indicate that the FATF guidance has worked?

  9. Why might the use of shell companies indicate money laundering?

  10. Which of the following is not a recent money-laundering scandal?