Money Laundering, CFT and Record Keeping
Apply POCA offences, due diligence, reporting, MLRO responsibilities and AML/CFT record requirements.
How to prepare for UK Financial Regulation
Use 601 original multiple-choice questions to apply the regulatory perimeter, client conduct, professional ethics, market-integrity controls, complaints, compensation, data and whistleblowing requirements. The bank contains no recalled, past-paper or secure CISI items.
Core concepts
Concept 1
Define criminal property and the placement, layering and integration stages.
Exam cue: Identify customer, beneficial owner, funds and suspicious behaviour.
Concept 2
Apply POCA offences, due diligence, JMLSG guidance and suspicious-activity reporting.
Exam cue: Apply risk-based due diligence and escalation.
Concept 3
Explain MLRO or Nominated Officer responsibilities and AML/CFT record keeping.
Exam cue: Preserve the required decision and record without tipping off.
Risk pitfalls and guardrails
Waiting for proof of crime before escalating suspicion.
Guardrail: Do not confuse regulator roles, firm permission with individual competence, suitability with appropriateness, FOS with FSCS or an official element weight with an internal topic allocation.
Treating identity verification as complete ongoing due diligence.
Guardrail: Do not confuse regulator roles, firm permission with individual competence, suitability with appropriateness, FOS with FSCS or an official element weight with an internal topic allocation.
Disclosing a report or investigation to the customer.
Guardrail: Do not confuse regulator roles, firm permission with individual competence, suitability with appropriateness, FOS with FSCS or an official element weight with an internal topic allocation.
Memory anchors
Criminal property
Property constituting or representing a person's benefit from criminal conduct where the statutory conditions are met.
MLRO
The officer responsible for receiving internal reports and overseeing the firm's anti-money-laundering arrangements.
SAR
A suspicious activity report used to disclose knowledge or suspicion to the appropriate authority.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
What is layering?
What describes integration?
Answer all questions to submit.
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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