Instructions: For multiple-choice questions, circle the appropriate letter (e.g., "a", "b", "c", etc.). For true-false questions, circle "True" or "False."
Extortion is the act of trying to get money, goods, property, or anything of value from another person by threatening or using violence, fear, humiliation, or any other lawful threat.
Common types of extortion include blackmail and protection racket schemes.
Extortion is distinguished from robbery in that the latter is a form of theft using threats of immediate harm, whereas extortion involves threats of _____________ harm. (fill in the blank)
Which of the following is usually not considered a threat under extortion laws?
a) The threat of violence
b) The threat of public shame
c) The threat to press charges
d) all of the above
A person who tricks the owner of property into transferring title to the property is guilty of loansharking.
Bribery is voluntarily soliciting or accepting any ____________in exchange for influencing an official act. (fill in the blank)
Money-laundering refers to the practice of engaging in financial transactions in order to conceal the __________________, identity and/or destination of money. (fill in the blank)
What are the three stages of money-laundering?
a) Theft, illicit transfer, and fraudulent investment
b) Assistance, failure to report, and tipping off
c) Placement, layering, and integration
d) Placement, movement, and repossession
Which of the following terms is used to describe the process of sending money through multiple financial institutions to make it difficult to track?
What is the laundering stage called that separates the illicit money from its source, obscures the audit trail and severs links with the original crime to make it appear like a normal financial transaction?
What are possible indicators of money-laundering?
a) Use of large amounts of cash when checks would be expected and would be more convenient
b) Many wire transfers to or from known bank secrecy havens around the world
c) Lack of general knowledge about the customer's stated business.
d) All of the above
The purpose of the FATF is to develop policies to combat ________ and terrorism financing. (fill in the blank)
b) Offshore banking
c) Transnational bribery
d) Land grab
What is the basis for the standards on which most developed countries' anti-money laundering laws are based?
a) FATF 40+9 Recommendations
b) European Union Directives
c) United Nations Resolutions
d) Anti-Money Laundering and Terrorist Financing Code 2013
[Answer key: 1. false; 2. true; 3. d; 4. c; 5. false; 6. c; 7. b; 8. c; 9. d; 10. d; 11. d; 12. a; 13. a.]