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CISI UNIT 1 fitch questions.pdf

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Exam of 7 pages for the course CISI: UK Regulation & Professional Integrity at CISI: UK Regulation & Professional Integrity (CISI UNIT 1 fitch)

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CISI: UK Regulation & Professional Integrity

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CISI: UK Regulation & Professional Integrity

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Institution: CISI: UK Regulation & Professional Integrity
Course: CISI: UK Regulation & Professional Integrity

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Uploaded on: November 24, 2025
Number of pages: 7
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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cisi unit 1 fitch questionspdf

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CISI UNIT 1: UK FINANCIAL REGULATION

ASSURED EXCEL!!
WhichdorganisationdwoulddadMoneydLaunderingdReportingdOfficerdnormallydreportdsuspicionsdofd
moneydlaunderingdto?d-
ddCORRECTdANSWERSNationaldCrimedAgencyd(ThedMLROdmustdreportdanydsuspicionsdtodthedNatio

naldCrimedAgency)

Whendconsideringdbestdexecutiondcriteriadfordadretaildclient,dwhichdofdthedfollowingdwoulddNOTdbe
dconsidereddwhendobtainingdthedbestdpossibledresult?

AdThedcharacteristicsdofdthedorder

BdThedcharacteristicsdofdthedinvestment

CdThedcostsdincurreddbydthedclientdpayabledtodthedfirm

DdThedcostsdincurreddbydthedclientdpayabledtodthedexecutiondvenued-
ddCORRECTdANSWERSCdThedcostsdincurreddbydthedclientdpayabledtodthedfirm

Whichdofdthedfollowingdisdtruedregardingdmoneydlaundering?

AdPlacementdanddintegrationdaredthedtwodstagesdindthedprocess

BdAlldsuspicionsdshoulddbedreporteddbydemployeesdtodthedMLRO

CdAlldsuspicionsdmustdbedreporteddbydthedMLROdtodNCA

DdThedroledofdMLROdisdadsignificantdmanagementdfunctiond-
ddCORRECTdANSWERSBdAlldsuspicionsdshoulddbedreporteddbydemployeesdtodthedMLRO

(Thedthreedstagesdincludedlayering.dThedMLROdhasddiscretiondtoddecidedwhichdsuspicionsdaredrepo
rteddbydthedfirmdtodNCA.dThedMLROdisdadseniordmanagementdfunction.)

, Whendisditdallowabledfordandunauthoriseddpersondtodcommunicatedadfinancialdpromotion?

AdAfterdthedunauthoriseddpersondhasdfulfilleddthedcompliancedrequirementsdunderdthedrelevantdC
OBSdrules

BdAtdanydtimedasdlongdasdthedpromotiondisdindrelationdtoddesignateddinvestmentdbusiness

CdTakesdreasonabledcaredthatditdcommunicatesditdtodanydtypedofdrecipientdregardlessdofdwasdintend
eddatdthedtimedofdthedconfirmation

DdAfterdreasonabledcaredhasdbeendmadedtodestablishdthatdandauthoriseddfirmdhasdconfirmeddthatdi
tdcompliesdwithdthedrulesd-
ddCORRECTdANSWERSDdAfterdreasonabledcaredhasdbeendmadedtodestablishdthatdandauthoriseddfirm

dhasdconfirmeddthatditdcompliesdwithdthedrules

(Andunauthoriseddfirmdisdnotdindbreachdofdthedrulesdifditdcommunicatesdadfinancialdpromotiondthatd
hasdbeendproduceddbydanotherdpartydand:•dtakesdreasonabledcaredtodestablishdthatdanotherdauth
oriseddfirmdhasdconfirmeddthatdthedpromotiondcompliesdwithdthedrules•dtakesdreasonabledcaredth
atditdcommunicatesditdonlydtodthedtypedofdrecipientdthatdwasdintendeddatdthedtimedofdthedconfirmat
ion•dasdfardasditdisd(ordshoulddbe)daware,dthedpromotiondisdstilldfair,dcleardanddnotdmisleading,danddh
asdnotdbeendwithdrawndbydthedotherdparty.)

WhichdofdthedfollowingdisduntruedofdthedFCAdrulesdanddthedlegislationdondmoneydlaundering?

AdAsdpartdofdthedFCA'sdoperationaldobjectivedtodprotectdanddenhancedmarketdintegrity,ditdmustdma
kedsuredthatdfirmsdtakedadequatedstepsdtodpreventdandddetectdmoneydlaundering

BdAdfirmddoesdnotdhavedtodidentifydadclientdifdthedtransactiondisdonedoffdanddford€30,000

CdAdfirmdmustdprovidedtrainingdforditsdstaffdtodrecognisedsuspiciousdtransactions

DdAdfirmdisdrequireddtodretainddocumentationdfordadperioddofdfivedyearsdfromdtheddatedthatdthedclie
ntdceasesdtodbedadclientdofdthedfirmd-
ddCORRECTdANSWERSBdAdfirmddoesdnotdhavedtodidentifydadclientdifdthedtransactiondisdonedoffdanddfo

rd€30,000

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