It is essential to identify any "family members" or "close associates" of politically exposed persons (PEPs) as part of the KYC/CDD process because they could be:
Business entities established in offshore financial centers (OFCs) pose unique risks for money laundering because they often:
Which statement about the extraterritorial reach of US laws and legislation is accurate?
A customer of a financial Institution (Fl) complained that they had received multiple emails appearing to originate from the Fl urging them to click on a link or open a remittance attachment for confirmation. After opening the attachment, the customer later realized that funds had been systematically transferred out of their bank account without their knowledge
Which type of cybercrime is described in this scenario?
What are the primary advantages of using open-source tools in financial crime investigations? (Choose two.)
Common risks associated with cryptocurrency and convertible virtual currencies include: (Choose three.)
The compliance officer at a casino in Taiwan discovers that the casino received multiple cash deposits from a customer just below the Large-Amount Transaction Report (LTR) limit on consecutive days. The customer used three different betting accounts.
What is the appropriate next step?
Which changes at a financial institution (FI) should trigger an enterprise-wide reassessment of its inherent AML risk exposure? (Select Three.)
A Financial Intelligence Unit (FIU) serves as a national center for the receipt and analysis of suspicious activity reports (SARs) and can obtain additional information from other reporting entities relevant to:
Which activities would be considered money laundering red flags when reviewing the business operations of a money services business (MSB)? (Select Two.)
