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- Question 74
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Question 74/141
Which Trust parties should be identified to determine the true nature of the Trust relationship according to Basel guidelines? (Choose three.)
Correct Answer: B,D,E
- Question List (141q)
- 1 commentQuestion 1: The Board of Directors for a small private bank has asked th...
- Question 2: Which three conduits for moving terrorist-related funds do t...
- Question 3: Which three methods are commonly used by an accountant to la...
- Question 4: Financial Intelligence Units (FIUs) are responsible for:...
- Question 5: The Wolfsberg Anti-Money Laundering Principles for Private B...
- Question 6: In the FATF 40 recommendations, the focus of AML efforts has...
- Question 7: What are two requirements with respect to supporting documen...
- Question 8: A bank operates in multiple countries and offers a variety o...
- Question 9: When performing an investigation, which key steps should be ...
- Question 10: A popular restaurant in town has begun depositing less cash ...
- Question 11: What was the topic the Wolfsberg Group's first guidance addr...
- 1 commentQuestion 12: What is the primary action a financial institution should ta...
- Question 13: What are two aspects of the Wolfsberg Anti-Money Laundering ...
- Question 14: A financial institution receives a regulatory enforcement ac...
- Question 15: One key aspect of the Office of Foreign Assets Control's ext...
- Question 16: What are two risks to institutions for violating anti-money ...
- Question 17: In order to protect investigative materials from disclosure ...
- 1 commentQuestion 18: A bank maintains a relationship with a customer who owns a s...
- Question 19: Pursuant to the Third European Union Money Laundering Direct...
- 1 commentQuestion 20: Which is a key role of FATF-Style Regional Bodies (FSRBs)?...
- Question 21: A bank is preparing for its anti-money laundering independen...
- Question 22: What is a key risk associated with Correspondent Accounts ac...
- 1 commentQuestion 23: What does designing a country as being of "prime money laund...
- Question 24: When providing reporting of STRs to the board, which of the ...
- Question 25: How can violations of anti-money laundering laws be a risk t...
- Question 26: Which response represents a high-level principle for FATF-St...
- Question 27: What is an example of the integration stage of money launder...
- Question 28: Which of the following competent authorities should directly...
- Question 29: The main purpose of the US Treasury Department for OFAC's ex...
- Question 30: A junior account manager within an international private ban...
- Question 31: To ensure compliance with economic sanctions established by ...
- 1 commentQuestion 32: Which safeguard is in place for Financial Intelligence Units...
- 1 commentQuestion 33: How can a 'free-look provision' as part of a life insurance ...
- Question 34: Bank A is located in Country A. A wire transfer from Bank B ...
- Question 35: The bank's Compliance Officer is tasked with designing stand...
- Question 36: Which scenario is closest to the definition of money launder...
- Question 37: A client is a wholesale auto business that operates as a use...
- Question 38: A comprehensive set of risk-based guidelines for maintaining...
- Question 39: The findings of an internal audit discover that a large grou...
- Question 40: A corporate services provider in a European Union (EU) count...
- Question 41: When an institution files an STR with regard to a particular...
- Question 42: What is a method of placement that can be used by a money la...
- Question 43: What reputational risk consequence could a financial entity ...
- Question 44: In many jurisdictions, financial institutions are prohibited...
- Question 45: What is the currency threshold under the European Union Four...
- Question 46: An automotive parts company in South America sends multiple ...
- Question 47: At a small community bank, the compliance officer identifies...
- Question 48: One key aspect of promoting an enterprise-wide compliance cu...
- Question 49: A foreign bank operating under an offshore license wants to ...
- Question 50: A high-volume dealer of precious metals and stones in a high...
- Question 51: In which two ways do Financial Action Task Force-style regio...
- 1 commentQuestion 52: The USA PATRIOT Act requires United States (U.S.) financial ...
- Question 53: Which three measures are contained in Financial Action Task ...
- Question 54: A precious metals dealer opens a new account with a bank. Wh...
- Question 55: In May 2002, the Wolfsberg Principles on Private Banking wer...
- Question 56: According to experts, what is the most effective way to prev...
- Question 57: What is an aspect of the USA PATRIOT Act that has extraterri...
- Question 58: During a law enforcement investigative interview regarding p...
- Question 59: In performing a risk analysis, which factor(s) should a fina...
- Question 60: Which scenario should be escalated as potentially suspicious...
- Question 61: Which is a key reason why a financial institution (FI) condu...
- Question 62: Transfers of money over the last 6 months to a corporation i...
- Question 63: Which insurance product is particularly vulnerable to money ...
- Question 64: What is an essential element of Know Your Customer (KYC) sta...
- 1 commentQuestion 65: Which is the main objective when a financial institution (FI...
- Question 66: Which requirement is included in the Fourth European Union D...
- 1 commentQuestion 67: What is a tool governments and multi-national bodies can use...
- Question 68: Which method to finance terrorism involves falsifying transa...
- 1 commentQuestion 69: According to the Basel Committee on Banking Supervision stan...
- Question 70: Which measure to mitigate risk does the Basel Committee's Cu...
- 1 commentQuestion 71: A law enforcement agent calls a bank anti-money laundering i...
- Question 72: Which assessments are involved in the processes of mutual ev...
- 1 commentQuestion 73: A SAR/STR should be filed when the accountable institution i...
- Question 74: Which Trust parties should be identified to determine the tr...
- Question 75: A compliance officer for a casino may suspect money launderi...
- 1 commentQuestion 76: What national agency is responsible for analyzing and assess...
- Question 77: To what extent should senior management and the Board of Dir...
- Question 78: An anti-money laundering specialist is concerned that severa...
- 1 commentQuestion 79: According to the European Union Money Laundering Directives,...
- Question 80: One area of responsibility for the Board of Directors when i...
- Question 81: A financial institution (FI) has decided to revamp its compl...
- Question 82: Since its last regulatory examination, a financial instituti...
- Question 83: The line of business is responsible for creating, implementi...
- Question 84: A bank receives an anonymous tip from an employee about anot...
- Question 85: A customer opens a corporate account with a broker-dealer on...
- Question 86: Which of the following reflect money laundering risk indicat...
- 1 commentQuestion 87: According to the Financial Action Task Force 40 Recommendati...
- 2 commentQuestion 88: Which trading pattern may be indicative of money laundering ...
- Question 89: A new accounts representative recently opened an account for...
- Question 90: A financial institution (FI) is being investigated for possi...
- Question 91: Upon a routine account review a money laundering investigato...
- Question 92: A bank sells reloadable open-loop prepaid cards to both cust...
- Question 93: Which action should an FIU consider taking when it has infor...
- Question 94: An anti-money laundering specialist has been hired by an ind...
- 1 commentQuestion 95: A Money Laundering Reporting Officer's (MLRO) lack of action...
- Question 96: Which two factors should increase the risk of a corresponden...
- 1 commentQuestion 97: Which red flag should a compliance officer prioritize first ...
- Question 98: Which three elements should be considered in an institution'...
- Question 99: A bank customer operates a fuel station as a sole proprietor...
- Question 100: What are the European Union Directives on Money Laundering?...
- Question 101: Which of the following customer transactions with a securiti...
- Question 102: Why do organized crime groups often use front companies? (Ch...
- Question 103: What are three factors a financial institution should examin...
- Question 104: After review of the financial institution's enterprise-wide ...
- Question 105: In reviewing recent activity, a compliance officer for a mon...
- Question 106: A quarterly review is conducted on a retail customers accoun...
- Question 107: A potential client calls a broker-dealer wishing to purchase...
- Question 108: Which is a key goal of EU Directives on money laundering?...
- Question 109: Bank A is a non-United States (U.S.) bank that has $5 millio...
- Question 110: A bank compliance officer has implemented enhanced monitorin...
- Question 111: A commission rogatory would be used in which gateway to obta...
- Question 112: Upon filing a suspicious transaction report, which of the fo...
- Question 113: Which red flag indicates high potential for money laundering...
- Question 114: With which person(s) should an anti-money laundering officer...
- 1 commentQuestion 115: Following a recent exercise which explained how a correspond...
- Question 116: What do the Financial Action Task Force (FATF) mutual evalua...
- 1 commentQuestion 117: A bank provides trade financing for a company whose primary ...
- Question 118: OFAC-issued regulations apply to which entities? (Choose two...
- Question 119: A remittance company received a money order from a senior po...
- Question 120: What poses the greatest money laundering risk for a financia...
- 1 commentQuestion 121: A charity has unaudited accounts. Which of the following rep...
- Question 122: Which two methods have terrorist groups used to diversify th...
- Question 123: What should an effective anti-money laundering training prog...
- Question 124: Trusts established in certain offshore jurisdictions make go...
- Question 125: An organization's automated surveillance system identifies l...
- Question 126: Which methods are typically used to launder money using insu...
- Question 127: The Basel Committee on Banking Supervision issued a paper in...
- Question 128: As a result of an audit, a policy exception was identified t...
- Question 129: Which statement best describes a key aspect of the AML Direc...
- Question 130: Which method is used to launder money via wire remittances s...
- Question 131: In which two ways does a government Financial Intelligence U...
- 1 commentQuestion 132: An accounting firm opened an account at a bank that is inten...
- 2 commentQuestion 133: Which actions are involved when a prosecutor instructs a ban...
- Question 134: What is the appropriate compliance control for identifying p...
- Question 135: The compliance officer for a private bank has been tasked wi...
- Question 136: The local manager of a remote mortgage origination departmen...
- Question 137: Which should authorities do to safeguard AML information exc...
- Question 138: What describes the Black Market Peso Exchange money launderi...
- Question 139: Which are the two most common controls a financial instituti...
- Question 140: Which practices are dealers in antiques, precious metals, pr...
- Question 141: A compliance officer identifies a potentially significant ri...
