Which method is used to launder money via wire remittances sent through a bureau de change or money services business?
Answer(s): B
Historically, a tour guide has made monthly cash deposits averaging $10, 000. Over the past three months, the monthly deposits have averaged $100, 000. When the financial institution questions the increased deposits, the tour guide explains that there have been numerous conventions in town so business has increased substantially.Which further action(s) should the financial institution take?
Answer(s): C
One key aspect of the Office of Foreign Assets Control’s extraterritorial reach includes the blocking of certain non-United States initiated transactions for or through the United States (U.S.) for benefit of a restricted person or entity.Under which three circumstances are U.S. banks required to block transactions? (Choose three.)
Answer(s): A,B,D
To ensure compliance with economic sanctions established by governmental authorities in the jurisdictions where it operates, a financial institution requires that all new and existing customers be screened at onboarding and quarterly thereafter.Is this step sufficient to ensure compliance?
What is the currency threshold under the European Union Fourth Anti-Money Laundering Directive?
https://www.acams.org/aml-resources/eu-fourth-aml-directive/
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