Cisi, Financial Services Authority 10 Questions.
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Eu regulation comes by way of tiered approach to its creation and implementation. The common approach used is known as?
Financial regulation process
EU Regulation process
Which one of the following is not an objective of the FSA?
Maintain the confidence of the UK financial system
What factors does the FSA use to access whether the firm is ''fit and proper''?
Honesty integrity and reputation
Prudential regulation conduct
Under what act was the FSA set up?
Financial Services and Markets Act 2000 (FSMA)
Financial Services and Markets Act 1988 (FSMA)
Financial Services and Markets Act 1999 (FSMA)
Financial Services and Markets Act 2002 (FSMA)
Under what stage of the money laundering process is the money moved around to make it difficult for authorities to track?
If you suspect money laundering is taking place who do you report it to?
To cancel your registration with the FSA your firm must have the following?
Certificate of approval
Plan to cease carrying on regulatory activities
Be regulated under another independent financial body
Which two of the following are not the main laws and regulations relating to money laundering?
proceeds of crime act 2002
Banking regulations 1998
Banking regulations 2007
Proceeds of crime act 2000
Who appoints a companies MLRO?
The company themselves
Which act makes it an offense for a firm to provide financial services in the UK without being authorised to do so.
Financial services and markets act 2000
European proceeds of crime act 1998
Proceeds of crime act 2002
Money laundering regulations 2007
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