How do drug traffickers and other criminals use the fine art industry to disguise illicit proceeds?
What are three potential issues for foreign financial institutions maintaining correspondent accounts with U.S.
banks under the Patriot Act? Choose 3 answers
In May 2002, the Wolfsberg Principles on Private Banking were revised and included a section that prohibits the
use of internal non-client accounts in a manner that would prevent officials from appropriate monitoring
movements of funds or keep clients from being linked to the movement of funds on their behalf.
What is another name for these internal, non-client accounts?
The bank for International Settlements provides the secretariat for which organization?
What are three factors a financial institution should examine with regard to a new customer who is opening up a
new account? Choose 3 answers
When an institution files an STR with regard to a particular account, what steps should the institution take visa
What is the primary action a financial institution should take before formulating its anti-money laundering
What is an indicator of suspicious activity?
In relationship to life insurance business, the third European Directive states that Member States may allow the
identity verification of the beneficiary under the policy after the business relationship has been established, but
before which events?
Which statement is true about when an institute becomes aware that a particular employee is under
investigation by law enforcement as a result of a subpoena or warrant?