The supply of goods and services can be vulnerable to corruption within a company, particularly the solicitation and receipt of bribes and kickbacks, because: (Choose two.)
Which regulation permits financial institutions, upon providing notice to the US Department of the Treasury, to share information with one another in order to identify and report activities that may involve money laundering or terrorist activity to the federal government?
An AML compliance officer for a large bank has recently received an internal audit report on the private banking unit. The report revealed that the unit staff were not following risk-based due diligence procedures, so that the unit was not operating effectively.
Which immediate actions should the AML compliance officer consider to address these findings? (Select Two.)
Management Should implement a quality assurance program in the private banking unit
Which financial crime risks are inherent to e-commerce platforms? (Select Four.)
What is the primary purpose of a risk appetite statement (RAS) in an organization and how should it be effectively communicated and implemented?
Which of the following statements is true regarding Office of Foreign Assets Control (OFAC) sanctions? (Select Two.)
A bank received a subpoena regarding one of its clients. The financial intelligence unit of the bank should review the subpoena and:
Which payment type presents the highest financial crime risk?
Which of the following controls is typically implemented at customer onboarding to mitigate the risk of onboarding high-risk customers?
The goal of the Egmont Group of Financial Intelligence Units (FIUs) is to provide a forum for FIUs to: (Select Three.)
