What do Financial Action Task Force (FATF)-style regional bodies do for their members to help combat money laundering and terrorist financing?
What are the regulatory risks to a bank employee who willfully violates anti-money laundering laws?
What are two requirements with respect to supporting documentation that is used to identify potentially suspicious activity, according to Financial Action TaskForce? (Choose two.)
What are two reasons physical certificates present a money laundering risk to broker-dealers? (Choose two.)
An automotive parts company in South America sends multiple $500,000 wire transfers per week to ABC Holdings Ltd. in Asia referencing payment for silk flower shipments. Research reveals Sunrise Holdings, Ltd is registered in the British Virgin Islands with no available ownership information.What are two red flags that indicate how trade-based money laundering could be occurring in this instance? (Choose two.)
A customer living in a high-risk jurisdiction makes frequent, large cash deposits at a bank. The same customer sends small wire transfers to unrelated parties in other high-risk jurisdictions.What are two red flags that may indicate money laundering? (Choose two.)
