Federal law requires all U.S. financial institutions to secure and maintain all records and supporting
documentation used m suspicious activity reporting for how many years?

How does a regulatory body typically obtain international assistance in a money Laundering inquiry?

In which three situations is correspondent banking most vulnerable to money laundering? Choose 3 answers

In addition to monitoring for suspicious activity, what are electronic monitoring systems also valuable for?

Which example describes the vulnerability of the securities sector for money laundering?

What should law enforcement provide when asking an institution to keep an account open?

In performing a risk analysis, which factor(s) should a financial institution review?

A remittance company received a money order from a senior political figure m the Philippines to transfer a large
sum of money to a charity group in the Philippines. A review of the charity group revealed a director having
dose ties with a known terrorist group primarily financed through kidnapping and extortion.
What is a key risk indicator associated with terrorism financing?

What is one recommendation of the Basel Committee’s 2001 paper Customer Due Diligence for Banks”?

A customer has held an account at a local credit institution for 10 years. The account has received deposits
twice weekly for the same amount and has never shown signs of suspect behavior. Monitoring software
indicated that in the past few months the account has received several large deposits that were not in line with
the account history. When asked, the customer states she recently sold a piece of property, which is supported
with a proof of sale. What should the compliance officer do next?