How do drug traffickers and other criminals use the fine art industry to disguise illicit proceeds.


An anti money laundering specialist at a large institution is responsible for information senior managementabout ...


What is most valuable when using the internet as an investigative source.


What should senior management do in order to promote a culture of anti money laundering compliance.


What is the result of an increased awareness of the potential for gatekeepers to assist in moneylaundering in rec ...


Which three are principles found in the document “Principles of information Exchange between FinancialIntellige ...


What are three risk factors a financial institution should examine with regard to a proposed new product.


In some instances, a financial institution may receive a warrant from law enforcement authorities to search its p ...


Which three characteristics make non profit organizations vulnerable to misuse for terrorist financing.


An anti money laundering specialist at a financial institution has received a legal request to provide alltransa ...


How do payable through accounts (PTAs) differ from normal foreign correspondent accounts.


What is the term for trading through multiple accounts, where an individual generates offsetting profits andlosse ...


The Wolfsberg Principles for Private Banking list circumstances that would require additional duediligence, inclu ...


Which three are examples of best practices terms of ensuring an adequate AML program.


Which three statements are true regarding the extraterritorial reach of laws and legislation of the U.S..


What is a criterion for FATF membership.


According to the Second European Union Money Laundering Directive, what may knowledge of criminalconduct be infer ...


In which type of banking transaction is price manipulation, as a form of money laundering, a commonpractice.


BACD434CCAFA8D24B56238B9Which two aspects of the security broker dealer industry increase its exposure to money l ...


To ensure that an institution’s anti money laundering program is current, which step should be taken.


A prospective AML officer comes highly recommended by a bank’s up stream correspondent institution ofsimilar s ...


Which type of transactions present the highest risk.


According to experts, what is the most effective way to prevent money laundering through financialinstitutions. ...


What should a bank focus on to ensure on going compliance with its AML program.


What should a compliance officer do during an ongoing investigation into a client’s activities by acompetent au ...


How can dealers in high value items be at risk for money laundering.


Which activity is most likely to facilitate money laundering through on line systems with inadequatecontrols. ...


In the FATF 40 recommendations, the focus of AML efforts has been expanded beyond FinancialInstitutions. Which th ...


When requested by law enforcement via legal process to provide records or documentation, what shouldthe officers ...


Which AML standards have force of law.


What are some red flags pertaining to potentially suspicious transactions by a customer. Choose 3answers


An anti money laundering expert is hired by a new Internet bank to assess the money laundering threat tothe bank ...


Why is the Mutual Legal Assistance Treaty (MLAT) a gateway for international cooperation.


Which element is generally required of all anti money laundering programs.


After an institution files an STR with regard to a particular account, a law enforcement agent requests theinstit ...


A customer has held an account at a local credit institution for 10 years. The account has receiveddeposits twice ...


What is one recommendation of the Basel Committee’s 2001 paper Customer Due Diligence for Banks”.


A remittance company received a money order from a senior political figure m the Philippines to transfer alarge s ...


In performing a risk analysis, which factor(s) should a financial institution review.


What should law enforcement provide when asking an institution to keep an account open.


Which example describes the vulnerability of the securities sector for money laundering.


In addition to monitoring for suspicious activity, what are electronic monitoring systems also valuable for.


In which three situations is correspondent banking most vulnerable to money laundering. Choose 3answers


How does a regulatory body typically obtain international assistance in a money Laundering inquiry.


Federal law requires all U.S. financial institutions to secure and maintain all records and supportingdocumentati ...


What is a major money laundering risk associated with a number of prepaid cards as opposed to credit ordebit card ...


An audit completed the previous week revealed that a private banking customer submitted incompletedocuments when ...


Why would a credit card account likely not be used in the placement stage of money laundering.


What are some red flags financial institutions should be aware of when trying to verify the identity of acustomer ...


A compliance officer is looking to modify procedures covering correspondent banking relationships. Whichthree wou ...


When an institution conducts an internal investigation into an account following a law enforcement inquiry,it sho ...


A profitable commercial customer who operates an import export business has multiple accounts with thesame insti ...


What should be part of an institution’s monitoring and STR filing process. Choose 3 answers


A commission regotorie would be used in which gateway to obtain information from another country.


The purpose of an anti money laundering program should be to do what.


What facilitates law enforcement agent obtaining evidence from authorities in a foreign country relating tocrimin ...


Which three entities does the Third European Union Money Laundering Directive apply to.


Which two statements about the Wolfsberg Group are true.


After evaluating recent changes to international standards, an anti money laundering specialist shouldconsider e ...


Which of the following is the most common risk with a Personal or Private Investment Company (PIC).


Pursuant to the Third European Union Money Laundering Directive, how long after being out of prominentoffice shou ...


Which method most likely indicates the placement stage of laundering dirty money in a land based casino.


A compliance officer at a small local bank reads in the newspaper that a high ranking local public official,who i ...


What is a key element required to ensure an anti money laundering compliance program is effectivelyembedded into ...


In 2004, Consolidated KYC Risk Management was issued by the Basel Committee on BankingSupervision (BCBS). What is ...


In order to protect investigative materials from disclosure when conducting an internal Investigation of anyemplo ...


Which situation is the highest risk for money laundering and terrorist financing activity.


The marketing department presents a business plan targeting individuals holding important publicpositions. What a ...


BACD434CCAFA8D24B56238B9The Board of Directors and the senior management of a financial institution should ensure ...


What is operational risk.


How should a financial institution deter money laundering through new accounts. Choose 3 answers


What are the European Union Directives on Money Laundering.


Why do government entities around the world believe that a risk based approach to AML/CFT complianceis a prefera ...


When providing reporting of STRs to the board, which of the following should be provided.


Why do trusts established in certain offshore jurisdictions make good vehicles to launder money.


What are some of the methods for sharing information and cooperating on an international basis. Choose3 answers ...


What are three indicators of money laundering associated with using electronic funds transfers. Choose 3answers ...


A quarterly review is conducted on a retail customer’s account at a bank located in a jurisdiction withcurrency ...


What kind of person should perform the independent testing of an institution’s anti money launderingprogram. ...


What is suspicious activity or red flag with regard to a customer’s activity. Choose 3 answers


An anti money laundering specialist working at a bank just received a legal request from a lawenforcement agency ...


Which customer transaction with a securities dealer would indicate the highest suspicion of moneylaundering.


An anti money laundering specialist has just developed and implemented an anti money launderingprogram. What is ...


An anti money laundering officer for a financial institution has been conducting a monthly self assessment.The ...


To guard against acquisition or control of a financial institution by money launderers or their associates,what s ...


What is one of the indicia of a Black Market Peso Exchange.


What are some useful tools or methods in conducting an internal AML investigation. Choose 3 answers


What should an effective anti money laundering training program include.


When should new business products to evaluated for AML concerns.


A compliance officer is looking to update an institution’s private bank procedures. What should be includedas r ...


BACD434CCAFA8D24B56238B9Which action should be taken regarding a particular account once suspicious activity is r ...


What poses the greatest money laundering risk for a financial institution offering on line services tocustomers. ...


Which action should an FIU consider taking when it has information that might be useful to another FIU.


Which statement is true about banking regulatory agencies having the authority to obtain information fromregulate ...


When and how should an institution appraise the AML risk of a newly developed product. Choose 3 answers


What are some of the shortcomings in using letters regulatory. Choose 3 answers


Which precaution will a money launderer take to avoid detection when sending electronic transfers.


When the minimum CDD standards of the home and host countries differ, the offices in the host countriesshould fol ...


Which three areas do FATF’s 40 recommendations cover. Choose 3 answers


Which primary international authoritative body designates sanctions.


What describes the Black Market Peso Exchange money laundering method.


BACD434CCAFA8D24B56238B9Which three circumstances are indicators for defining a customer as required additional d ...


What was cited by the Wolfsberg Group in its Statement on the Suppression of the Financing of Terrorismas being v ...


In many jurisdictions, financial institutions are prohibited from hiring a person who has been convicted ofwhat t ...


In general, what is an element that a financial institution or business does not have to specifically addressin a ...


Which three procedures should a compliance officer looking to revise an institution’s CTF efforts include inacc ...


An AML compliance officer receives notice of government update including the names of the latestterrorists sancti ...


An account officer who maintains an excellent relationship with the finance manager for a correspondentbank custo ...


A customer comes into a financial institution and deposits a large amount of cash. He has never done thatbefore. ...


How can a financial institution verify the nature and purpose of a business and its legitimacy.


Which three criteria does a shell bank meet according to the Wolfsberg Principles on CorrespondentBanking. Choo ...


A junior account manager within an international private bank in Country A was asked by one of his valued custome ...


What does designing a country as being of “prime money laundering concern” allow the U.S. governmentto do. ...


What are three elements of a sound Customer Due Diligence Program.


On who does the ultimate responsibility for an institution’s anti money laundering program rest.


Which statement about U.S. Specified Unlawful Activities (SUA) is true.


An anti money laundering specialist has been asked to create internal anti money laundering policies,procedures ...


A customer comes into the bank and appears to be ill at ease waiting in the teller line. When the customergets ...


Which three elements should be considered in an institution’s enhanced due diligence process to assureitself th ...


Which three should real estate agents include in the criteria to assess their company’s potential moneylaunderi ...


According to the Financial Action Task Force 40 Recommendations, Designated Non FinancialBusinesses and Professi ...


Bank A is located in Country


With which person(s) should an anti money laundering officer coordinate when implementing a new hirescreening pr ...


A compliance officer is conducting a review of the automated transaction monitoring system. What wouldbe most lik ...


Which three are the most commonly used risk criteria.


Which three do the Office of Foreign Asset Control regulations cover. Choose 3 answers


Which statement is true about when an institute becomes aware that a particular employee is underinvestigation by ...


In relationship to life insurance business, the third European Directive states that Member States mayallow the i ...


What was the topic the Wolfsberg Group’s first guidance addressed.


What is an indicator of suspicious activity.


What is the primary action a financial institution should take before formulating its anti money launderingprogr ...


When an institution files an STR with regard to a particular account, what steps should the institution takevisa ...


BACD434CCAFA8D24B56238B9What are three factors a financial institution should examine with regard to a new custom ...


The bank for International Settlements provides the secretariat for which organization.


In May 2002, the Wolfsberg Principles on Private Banking were revised and included a section thatprohibits the us ...


What are three potential issues for foreign financial institutions maintaining correspondent accounts withU.S. ba ...