Pick the right answer, quickly

Exercise and reference answers

Questions

1. Question

   Partnership beneficial owner threshold:

   Choices

   1. 10 per cent
   2. 15 per cent
   3. 25 per cent

   Correct choice

   10 per cent

2. Question

   Association beneficial owner threshold:

   Choices

   1. 10 per cent
   2. 15 per cent
   3. 25 per cent

   Correct choice

   15 per cent

3. Question

   A deemed OVD must be replaced within:

   Choices

   1. One month
   2. Three months
   3. Six months

   Correct choice

   Three months

4. Question

   Medium risk KYC is refreshed every:

   Choices

   1. Two years
   2. Eight years
   3. Ten years

   Correct choice

   Eight years

5. Question

   The FATF was set up in:

   Choices

   1. 1949
   2. 1989
   3. 2002

   Correct choice

   1989

Instructions

Tap the correct answer before the round moves on.

Explanation