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First up, what should we call you?
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1%
When requested by law enforcement via legal process to provide records or documentation, what should the officers of financial institution do?
(Question Type: Single Choice)
Refuse to provide any records or documents until the agent narrows the scope of the requestdown to what he or she actually needs
if there is no basis for contesting the request, provide what is requested
Provide all records and documents the officer believes would be pertinent to the lawenforcement agent's investigation
Not act on the legal process until the bank officer has contact w4h the agent and learns whatthe agent is investigating
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The Board of Directors and the senior management of a financial institution should ensure that which three are established and followed with regard to an effective AML program?
(Question Type: Multiple Choice)
International guidance is followed and understood
They are kept informed of all major AML issues
There is a strongcomplianceprogram
Regulatorycompliance is made part of all relevant job descriptions
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When an institution conducts an internal investigation into an account following a law enforcement inquiry, it should consider a number of factors to independently determine if the account should be dosed. Which three considerations should be made when making the determination about closing an account? Choose 3 answers (Question Type: Multiple Choice)
(Question Type: Multiple Choice)
The level of seriousness of the underlying conduct
Oral requests by a law enforcement agency or prosecutor for the account to be dosed
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signed written requests by a law enforcement agency or prosecutor on official letterhead for theaccount to remain open
The institution's policies and procedures for closing an account
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How should a financial institution deter money laundering through new accounts?
Choose 3 answers
(Question Type: Multiple Choice)
Document the identity of the party opening the account
Determine the beneficial owner(s) of the account
Seek to determine the source of deposited funds
Query owner's names against FATF database
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Which precaution will a money launderer take to avoid detection when sending electronic transfers?
(Question Type: Single Choice)
Misspelling names to foil watch-list filtering systems
Varying the amounts of transactions and using reputable organizations
Using cover payments for all electronic transfers
Using round dollar amounts, so funds appear to be gifts or loans
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