Question 46
An anti-money laundering specialist has just developed and implemented an anti-money laundering program.
Which of the following is the best resource to evaluate the effectiveness of the program?
Which of the following is the best resource to evaluate the effectiveness of the program?
Question 47
A bank has maintained an account for a European charity for several years. The charity provides clothing to persons in need in various countries with active terrorists' cells.
Which action by the charity indicates possible terrorist financing?
Which action by the charity indicates possible terrorist financing?
Question 48
The new compliance officer has reviewed the bank's anti-money laundering training program. The program consists of online training for all new employees within 30 days of hire date and annual refresher training to all employees. In addition, there is specialized training for areas that deal with higher risk products and customers.
Over the last year, there have been no regulatory changes and no new products or services have been introduced. The compliance officer wants to propose to the board of directors that the annual refresher training is still current and can be delivered unchanged to all employees.
Which two critical pieces of information could be missed by taking this approach? (Choose two.)
Over the last year, there have been no regulatory changes and no new products or services have been introduced. The compliance officer wants to propose to the board of directors that the annual refresher training is still current and can be delivered unchanged to all employees.
Which two critical pieces of information could be missed by taking this approach? (Choose two.)
Question 49
Which method is used to launder money via wire remittances sent through a bureau de change or money services business?
Question 50
Which insurance product is particularly vulnerable to money laundering?