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CISI UAE Financial Rules and Regulations Sample Questions:
1. An in-kind shares evaluation report must be based on data covering what maximum period before the evaluation date?
A) One month
B) Three months
C) Two months
D) Four months
2. The watch list, which is monitored by an Authority-established committee, consists of which group of companies?
A) Companies in the second category
B) All private companies which have declared losses in the last 12 months
C) All public companies which have declared losses in the last 12 months
D) Companies in the first category
3. If a discrepancy comes to light when conducting an external reconciliation, what must the firm do?
A) Immediately inform the regulator verbally and follow this up in writing
B) Immediately suspend operations with the third party
C) Investigate and correct it as soon as possible
D) Close the client's account by close of business on the same day
4. If the perpetrator of a money laundering crime is a repeat offender, what impact does this have on the minimum fine compared to a first offence?
A) It is increased by 50%
B) It is tripled
C) It is quadrupled
D) It is doubled
5. An applicant for a license from the Authority has submitted a feasibility study and work plan. What method will be used to evaluate this?
A) An operational risk matrix
B) SWOT analysis
C) Comparison with the same sector
D) A stress testing exercise
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |
By Isabel
