Question: 1
An anti-money laundering specialist working at a bank just received a legal request from a law enforcement agency mandating the release of all financial transaction records relating to an account at the bank. The specialist immediately recognizes the account as one owned by the bank Chief Executive Officier's brother. During research to gather the requested documents, the specialist finds several internal memos he had sent to the bank president with concerns regarding possible suspicious activity relating to this account. The specialist recalls the bank president verbally responded to each memo with an explanation of the activity and indicated there was no cause for concern. What should the specialist do with respect to these internal memos?
Question: 2
What is suspicious activity or red flag with regard to a customer's activity? Choose 3 answers
Question: 3
Why do trusts established in certain offshore jurisdictions make good vehicles to launder money?
Question: 4
What are some of the methods for sharing information and cooperating on an international basis? Choose 3 answers
Question: 5
Why do government entities around the world believe that a risk-based approach to AML/CFT compliance is a preferable prescriptive measure?
