Question: 1
In May 2002, the Wolfsberg Principles on Private Banking were revised and included a section that prohibits the use of internal non-client accounts in a manner that would prevent officials from appropriate monitoring movements of funds or keep clients from being linked to the movement of funds on their behalf.
What is another name for these internal, non-client accounts?
Question: 2
What are three risk factors a financial institution should examine with regard to a proposed new product?
Question: 3
What are some of the methods for sharing information and cooperating on an international basis? Choose 3 answers
Question: 4
Which precaution will a money launderer take to avoid detection when sending electronic transfers?
Question: 5
How can dealers in high-value items be at risk for money laundering?
