A law enforcement agent calls a bank anti-money laundering investigator for supporting information Questions and Answers PDF 46/148 about a suspicious transaction report that was filed the previous month. How should the investigator respond?
Which action should countries take related to the financing of terrorist acts in accordance with the Financial Action Task Force 40 Recommendations?
A client is a wholesale auto business that operates as a used car lot. The client regularly ships vehicles internationally. In a four-month period, the client received wires totaling $ 1,250,000 from a dealer in Benin in West Afric
A high -volume dealer of precious metals and stones in a high -risk jurisdiction is approached by a new customer interested in selling gold worth $200,000. The customer was referred by a longtime family friend of the dealer and provides no indication of background or business purpose for the sale. The dealer agrees to make the purchase based solely on the reference. What is the money laundering red flag?
What is an example of the integration stage of money laundering involving a bank or another deposit -taking institution?
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?
