القواعد السعودية: مكافحة غسل الأموال والامتثال - CME-2B Sample Paper

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Q: What is the pass mark for the القواعد السعودية: مكافحة غسل الأموال والامتثال - CME-2B certification?

While the pass mark can vary slightly by specific exam versions, most CISI exams require a score of 70% to pass. We recommend consistently scoring 80% or higher on our practice question bank before sitting for your real test in international markets.

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Question 1

Insider trading involves the use of information that meets all of the following criteria EXCEPT:

Accepted Answer

It has been confirmed by the CMA

Answer

It has not been disclosed to the general public

Answer

It would have a material effect on the price if disclosed

Answer

It relates to a security

Question 2

Under CMA regulations, what is the minimum required retention period for a Capital Market Institution's records?

Accepted Answer

10 years

Answer

15 years

Answer

7 years

Answer

5 years

Question 3

A Capital Market Institution wants to open an account for a person whose category is NOT covered in the prescribed CMA categories. What action must they take?

Accepted Answer

They must obtain permission from the CMA before opening the account.

Answer

They can open the account if they apply Enhanced Due Diligence.

Answer

They can open the account if the client deposits more than SAR 1,000,000.

Answer

They must refuse to open the account under any circumstances.

Question 4

A Capital Market Institution receives a large client order to buy shares. The firm immediately buys shares for its own account before executing the client's order. What is this prohibited practice called?

Accepted Answer

Front running

Answer

Spoofing

Answer

Insider dealing

Answer

Wash trading

Question 5

Which of the following best describes 'wash trading'?

Accepted Answer

Trading with yourself to create an artificial appearance of trading volume.

Answer

Placing orders with no intention to execute them.

Answer

Executing trades from a clean, separate account.

Answer

Trading based on material non-public information.

Question 6

What is the maximum percentage of NAV that a public fund may invest in derivatives?

Accepted Answer

15%

Answer

10%

Answer

20%

Answer

25%

Question 7

All of the following are requirements for a prepared securities advertisement EXCEPT:

Accepted Answer

Must be pre-approved by the CMA

Answer

Must be approved by a designated officer

Answer

Must be clear, fair and not misleading

Answer

Must include full name, address and regulatory status

Question 8

In the context of money laundering, what does the 'Layering' stage involve?

Accepted Answer

Separating funds from their criminal source through complex transactions.

Answer

Purchasing luxury real estate with laundered money.

Answer

Re-entering the funds into the legitimate economy.

Answer

Introducing illicit funds into the financial system.

Question 9

A family member of a politically exposed person (PEP) includes anyone related by blood or marriage to which degree?

Accepted Answer

Second degree

Answer

Fourth degree

Answer

Third degree

Answer

First degree

Question 10

When conducting a CTF risk assessment, when must a firm evaluate the risks associated with new products, business practices, and technologies?

Accepted Answer

Before their use.

Answer

Within 6 months of their launch.

Answer

At the end of the financial year they were introduced.

Answer

Only if requested by the General Directorate of Financial Intelligence.

Question 11

What is the maximum percentage of NAV that a public fund may invest in the units of another investment fund issued by the same Capital Market Institution?

Accepted Answer

25%

Answer

15%

Answer

10%

Answer

20%

Question 12

Which of the following describes a key distinction in the source of funds between Money Laundering (AML) and Terrorist Financing (CTF)?

Accepted Answer

Terrorist financing can involve funds from legitimate sources directed towards terrorist activities, whereas money laundering always involves illicit funds.

Answer

CTF is only concerned with corporate entities, while AML is concerned with individuals.

Answer

AML only deals with cash, while CTF deals with digital assets.

Answer

AML involves domestic funds, whereas CTF only involves international wire transfers.

Question 13

In the context of Saudi market conduct regulations, 'Inside Information' is best defined as information that is:

Accepted Answer

Material, non-public, and would likely affect the price of a security if disclosed.

Answer

Publicly available but highly complex.

Answer

Any financial data published in an annual report.

Answer

Non-public information about a company's competitors.

Question 14

What must a Capital Market Institution do if it has reasonable grounds to believe a client is engaging in market manipulation?

Accepted Answer

Not accept or execute the client order

Answer

Charge a higher commission on the trade

Answer

Execute the order but report after settlement

Answer

Refer the matter to the Exchange only

Question 15

Which of the following best describes the market manipulation practice known as 'spoofing'?

Accepted Answer

Placing orders with no intention to execute them.

Answer

Disseminating false or misleading information to the public.

Answer

Trading with yourself to create artificial volume.

Answer

A firm trading ahead of a client's order.

Question 16

For how long must records of decisions not to execute suspected manipulation orders be retained?

Accepted Answer

10 years

Answer

3 years

Answer

7 years

Answer

5 years

Question 17

Within how many days must a Capital Market Institution notify the CMA after the resignation of its CEO?

Accepted Answer

Within two days

Answer

Immediately

Answer

Within seven days

Answer

Within 30 days

Question 18

A beneficial owner is defined as any Natural Person who ultimately owns or controls what minimum percentage of a legal entity's shares?

Accepted Answer

25% or more

Answer

15% or more

Answer

10% or more

Answer

20% or more

Question 19

A public offer of shares requires the issuer to have been operating for a minimum of how many years?

Accepted Answer

Three years

Answer

One year

Answer

Two years

Answer

Five years

Question 20

Under the Rules on the Offer of Securities, the CMA recognises four types of offer. Which of the following is NOT one of these recognised types?

Accepted Answer

Guaranteed sovereign offers

Answer

Exempt offers

Answer

Parallel market offers

Answer

Private placement offers

Question 21

When opening an investment account for a person under 18 (Hijri calendar), who must operate the account?

Accepted Answer

A guardian, whose ID must also be verified.

Answer

The minor can operate it independently.

Answer

A personal referee.

Answer

The CMA must appoint an independent trustee.

Question 22

Which document details the contractual relationship between unitholders and the fund manager?

Accepted Answer

Terms and conditions

Answer

Information memorandum

Answer

Issuer application

Answer

Key information summary

Question 23

Who is prohibited from being disclosed to regarding a suspicious activity report?

Accepted Answer

The customer

Answer

A lawyer

Answer

The compliance officer

Answer

The competent authorities

Question 24

When a Capital Market Institution accepts a new client, at what point can they begin entering into transactions on the client's behalf?

Accepted Answer

Only after the account opening agreement has been signed.

Answer

After verbal confirmation over a recorded phone line.

Answer

After the first deposit clears into the account.

Answer

Immediately after receiving the client's ID copy.

Question 25

Client money must be held:

Accepted Answer

In segregated accounts with a bank in the Kingdom

Answer

In a trust account with the Authority

Answer

In any international bank of the client's choice

Answer

In the Capital Market Institution's general account

Question 26

Which of the following statements best describes an 'Approved Person' under CMA regulations?

Accepted Answer

An employee specifically authorised by the CMA to perform a registrable function.

Answer

A senior manager who has been employed at the firm for more than five years.

Answer

Any board member of a publicly listed joint stock company.

Answer

Any employee who has passed the required internal compliance training.

Question 27

During a volatile trading period, a Capital Market Institution temporarily pools client money with its own firm money to ensure rapid execution. Under CMA regulations, this action is:

Accepted Answer

Strictly prohibited under any circumstances.

Answer

Permitted, provided the pooling does not exceed 24 hours.

Answer

Permitted only for institutional clients who have given prior written consent.

Answer

Permitted, provided the CMA is notified within 2 days.

Question 28

What are the reporting timelines for financial statements under the Continuing Obligation Rules for the Main Market?

Accepted Answer

30 days for interims and three months for annual statements.

Answer

15 days for interims and 30 days for annual statements.

Answer

45 days for interims and six months for annual statements.

Answer

Three months for interims and six months for annual statements.

Question 29

Within how many days must the Authority be notified when a Capital Market Institution declines to execute an order due to suspected market manipulation?

Accepted Answer

3 days

Answer

5 days

Answer

7 days

Answer

1 day

Question 30

When opening an investment account, how often must client information be verified at a minimum?

Accepted Answer

Every three years

Answer

Every year

Answer

Every five years

Answer

Every two years

القواعد السعودية: مكافحة غسل الأموال والامتثال - CME-2B Free Sample Paper & Question Bank

Insider trading involves the use of information that meets all of the following criteria EXCEPT:

القواعد السعودية: مكافحة غسل الأموال والامتثال - CME-2B

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