Who has the ultimate responsibility within a bank for ensuring that the bank has a comprehensive and effective Bank Secrecy Act / anti-money laundering (BSA/AML) program and oversight framework that is reasonably designed to ensure compliance with applicable regulations?
A compliance officer provides an overview of the bank's anti-money laundering program to a group of new tellers during employee orientation.Which training element should be delivered to this audience?
Which red flag indicates high potential for money laundering in a real estate purchase?
A compliance officer at a small community bank has been asked to review existing customer onboarding policies and procedures to ensure they adequately address anti-money laundering risks.How should customer due diligence be implemented?
A bank compliance officer discovers cash deposit activity inconsistent with the expected and historical cash activity within the personal accounts of the chairman of the board. The cash activity appears structured to avoid the local legal filing requirements for large cash transactions, and a suspicious transaction report (STR) was filed.How should the compliance officer report the filing of the STR to the board of directors without revealing the existence of the filing to the subject?
Which insurance product is particularly vulnerable to money laundering?
