Acronyms
POF
Purpose of Funds
A customer wishes to send US$100 to her fiancé in Australia. The sender and receiver usually communicate on Facebook. The sender’s fiancé is expected to visit Guyana in December 2019, however his mother suddenly fell sick and he can no longer follow through with his intended visit. The customer wishes to send US$100 to assist her fiancé with medical bills and expenses.
Romance Scam
S_r_c_u_i_ _
Structuring
Placement,Layering,Integration are...
Stages in Money Laundering
What is the name of the person who mixed-up two Hindu holidays?
Minister Nicolette Henry
KYC
Know Your Customer
A customer comes to receive $50,000 from Panama accompanied by another person and hands over the cash as soon as they receive it from you.
Third Party Transfer
_om_l_a_c_ P_o_r_ _
Compliance Program
Movement of money, often in a series of financial transactions is...
Money Laundering
What is the name of the Minister who removed a barricade at a Massy subsidiary?
Minister Simona Broomes
PEP
Politically Exposed Person
A customer sends $250,000 to the US to then return the following day to send another $250,000 to the same receiver totaling $500,000.
Structuring
S_ _ _ ic_o_s
Suspicious
This is the stage in the Money Laundering Cycle where Money Gram lies.
Placement
Who was the Judas of The National Assembly in 2019?
Mr Charrandas Persaud
Source of Funds
The MoneyGram manager calls you telling you that there has been a system bug in the MoneyGram application and to ensure that the issue is resolved, you are asked to send a test transaction of US$250 to the United States.
Agent Fraud
_ I _A _ C I _ G OF _ E _ R _ R _ S _
FINANCING OF TERRORISM
This refers to the attempt to legitimatize wealth derived from criminal activity
Integration
What is the name of the person Financial Institutions report suspicious activities to?
Mr Matthew Langevine