1. What is a risk of concentration accounts?
a) the underlying customer identification can be lost
b) co-mingling of clean and dirty funds can occur
c) customers may be unaware they are using them
d) confidentiality and secrecy between client and banker
2. Which of the following is a correct statement?
a) smurfs travel from bank to bank withdrawing cash from ATMs
b) smurfing is a way to avoid triggering a currency reporting threshold
c) smurfs are dead people who's accounts have been taken over by money launderers
d) smurfing requires an insider at a financial institution
3. What is the best way to guard against the risk of money laundering by bank staff?
a. Ensure that key staff are registered with the regulator
b. Ensure segregation of duties for all tasks
c. Conduct initial and ongoing criminal background checks
d. Ensure managers review staff work periodically

4. What is wash trading?
a. The ability to launder funds using nominee accounts
b. The inherent anonymity granted by many broker-dealers
c. The use of offsetting trades to launder funds
d. The trading of commodities
5. Why are travel agents vulnerable to money launderers? Choose one.
a. They sell hotel rooms in high risk destinations
b. Hotels are frequented by politically exposed persons
c. Refunds can be made to third parties
d. They are listed in the FATF 40 recommendations
6. Under valuing exports are used to:
a. Move money using nominee accounts
b. Enable the black market peso exchange
c. Create fraudulent transfer pricing schemes
d. Add an air of legitimacy to letters of credit

7. Which of the following political parties did not participate in the 1979 General Elections in Nigeria? 
a. Unity Party of Nigeria
b. National Party of Nigeria
c. Social Democratic Party
d. Nigerian People's Party (NPP) 
8. When didn't the Nigerian Golden eaglets win the world under-17 FIFA world cup
a. 1985
b. 1993
c. 2007
d. 2014
9. Who formed the first political party in Nigeria?
a. Herbert Macauly
b. Nnamdi Azikiwe
c. Obafemi Awolowo
d. Alhmadu Bello

10. What was the first political party in Nigeria?
a. Nigerian National Democratic party (NNDP)
b. Unity Party of Nigeria
c. National Party of Nigeria
d. Social Democratic Party
11. What name is given to the crime of deliberately burning someone else's property?
a. Arson
b. Burnfire
c. Conflagration
d. Sizzle
12. The process by which criminals convert the proceeds of illegal activities into legitimate funds is called
a. legitimate diversion
b. illegitimate diversion
c. money laundering
d. financial intelligence