Question 1

Which of the following is one of the prescribed financial activities for which the Authority can issue a license?

Options :

A : Analysis

B : Promotion

C : Corporate planning

D : Risk management

Answer: D

Question 2

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?

Options :

A : It is increased by 50%

B : It is doubled

C : It is tripled

D : It is quadrupled

Answer: B

Question 3

When establishing a local investment fund, how much are the founders required to subscribe?

Options :

A : At least 1 million dirhams

B : At least 5 million dirhams

C : At least 10 million dirhams

D : At least 20 million dirhams

Answer: C

Question 4

A brokerage firm’s records include client agreements, selling orders and accounts. Under the Professional Code of Conduct, which of these does the DFM have the right to access and review?

Options :

A : Client agreements and selling orders only

B : Selling orders and accounts only

C : Accounts and client agreements only

D : Client agreements, selling orders and accounts

Answer: D

Question 5

Under what circumstances must licensed entities provide the Authority with copies of appropriateness reports issued to clients?

Options :

A : Routinely on a monthly basis

B : Routinely on a quarterly basis

C : Only if a complaint is made

D : Only if requested by them to do so

Answer: D

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