Preventing Money Laundering: Pharmacy Version Questions and Answers | Latest Version | 2024/2025 | Already Passed
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Preventing Money Laundering: Pharmacy
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Preventing Money Laundering: Pharmacy
Preventing Money Laundering:
Pharmacy Version Questions and
Answers | Latest Version | 2024/2025 |
Already Passed
Which of the following is a common method used to launder money in pharmacies?
A) Selling prescription drugs without documentation
B) Using large cash transactions or deposits...
Preventing Money Laundering:
Pharmacy Version Questions and
Answers | Latest Version | 2024/2025 |
Already Passed
Which of the following is a common method used to launder money in pharmacies?
A) Selling prescription drugs without documentation
B) Using large cash transactions or deposits to disguise illicit funds
C) Offering discounts to customers for large purchases
D) Buying over-the-counter medications in bulk
✔✔ B) Using large cash transactions or deposits to disguise illicit funds
Why is it important for pharmacies to monitor cash transactions?
A) To ensure that inventory levels are maintained
B) To identify any suspicious or large cash transactions that may indicate money laundering
C) To offer loyalty points for customers who spend more
D) To track customer purchase habits for marketing purposes
✔✔ B) To identify any suspicious or large cash transactions that may indicate money laundering
1
, What is a "suspicious activity report" (SAR) in pharmacy operations?
A) A report to notify the pharmacy of low stock levels
B) A report filed when there are concerns about money laundering or illegal activity
C) A report detailing the number of prescription refills for the month
D) A report of all customer transactions for a given day
✔✔ B) A report filed when there are concerns about money laundering or illegal activity
Which of the following would NOT typically be a red flag for potential money laundering in a
pharmacy?
A) A customer purchasing large quantities of high-demand medications with cash
B) A customer who always pays with a credit card for prescription orders
C) A pharmacy receiving funds from an international location with no clear purpose
D) A customer who regularly buys medications in small amounts
✔✔ D) A customer who regularly buys medications in small amounts
What is the role of "Know Your Customer" (KYC) practices in preventing money laundering in
pharmacies?
A) To verify the identity of customers and ensure that they are not involved in illegal activities
B) To provide discounts for regular customers
2
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