Bank A is located in Country
Which two statements in the Wolfsberg Group’s “Suppression of the Financing of Terrorism” define the role financial institutions should play in the fight against terrorism? (Choose two.)
With which of the following should an anti -money laundering officer coordinate when implementing anew hire screening program?
Questions and Answers PDF 57/148 Trusts established in certain offshore jurisdictions make good vehicles to lay under money for which ofthe following reasons?
A customer has held an account at a local credit institution for 10 years. The account has received deposits twice weekly for the same amount and has never shown signs of suspect behavior. Monitoring software indicated that in the past few months the account has received several large deposits that were not in line with the account history. Whe n asked, the customer states she recently sold a piece of property, which is supported with a proof of sale. Which of the following should the compliance officer do next?
A bank account is established for a new business customer. The business was established five years ago with an address in another state. The business website contains few details other than stating it is a real estate business. One principal has an international telephone number and appears to be living in another country. The other principal works out of a recreational vehicle. What warrants enhanced due diligence in this scenario?
