During an ongoing client relationship, activity begins to differ from what was originally expected. Which control is most directly responsible for identifying this change?

Choose the correct answer 

While reviewing a client who deposits a large amount into their investment account, you notice that the client cannot clearly explain the source of funds and provides inconsistent answers when asked for clarification. What is the most appropriate next step?

Choose the correct answer 

During onboarding, a client has provided all the basic information requested. What should happen before the onboarding process is finalised?

Choose the correct answer 

Which statement best describes how the risk-based approach (RBA) and client risk rating work together at PPS

Choose the correct answer 

Who is required to comply with the PPS Risk Management and Compliance Programme (RMCP)?

Choose the correct answer

PPS assesses financial crime risk at both an organisational level and a client level. The Business Risk Assessment guides how controls are designed, while Client Risk Rating determines how those controls are applied to each client.

True or False 

Which of the following transactions is most likely to require escalation under FICA?

Choose the correct answer 

Once a client has been onboarded, ongoing monitoring is sufficient and there is no need to update client information unless requested.

True or False 

Which PPS document sets out how FICA requirements are applied in practice across the PPS Group?

Choose the correct answer 

You observe activity that does not align with a client’s profile, although there is no evidence of unlawful activity. What is the most appropriate action?

Choose the correct answer