Question: 1
A compliance officer at a small local bank reads in the newspaper that a high ranking local public official, who is a long-standing account holder, is being investigated by the competent authorities for accepting bribes. The compliance officer immediately checks the official's account and new account the official opened at the bank a few weeks ago. The compliance officer's investigation of these accounts discloses that the official's long-standing account had no unusual activity and that the recently opened had no activity since it was opened. What should the compliance officer do next?
Question: 2
Which method most likely indicates the placement stage of laundering dirty money in a land based casino?
Question: 3
Which of the following is the most common risk with a Personal or Private Investment Company (PIC)?
Question: 4
Which two statements about the Wolfsberg Group are true?
Question: 5
After evaluating recent changes to international standards, an anti-money laundering specialist should consider enhanced due diligence on accounts held by which three groups of people?
