To guard against acquisition or control of a financial institution by money launderers or their associates, what
should supervisory agencies require?

An anti-money laundering officer for a financial institution has been conducting a monthly self-assessment.
The officer reviews the accounts increase in compliance with a long standing know your Customer policy. The
self-assessment for the latest month shows a significant increase in compliance deficiencies for the first time in
more than a year. What is the nest course of action for the anti-money laundering officer to take?

An anti-money laundering specialist has just developed and implemented an anti-money laundering program.
What is the most effective resource to evaluate the effectiveness of the program?

Which customer transaction with a securities dealer would indicate the highest suspicion of money laundering?

An anti-money laundering specialist working at a bank just received a legal request from a law enforcement
agency mandating the release of all financial transaction records relating to an account at the bank. The
specialist immediately recognizes the account as one owned by the bank Chief Executive Officer’s brother.
During research to gather the requested documents, the specialist finds several internal memos he had sent to
the bank president with concerns regarding possible suspicious activity relating to this account. The specialist
recalls the bank president verbally responded to each memo with an explanation of the activity and indicated
there was no cause for concern. What should the specialist do with respect to these internal memos?

What is suspicious activity or red flag with regard to a customer’s activity? Choose 3 answers

What kind of person should perform the independent testing of an institution’s anti-money laundering program?

A quarterly review is conducted on a retail customer’s account at a bank located in a jurisdiction with currency
reporting thresholds. A number of large deposits of financial instruments drawn on other institutions in amounts
under thresholds were noted. This activity did not fit the account’s historical profile. A suspicious transaction
report will most likely be filed if what also occurred?

What are three indicators of money laundering associated with using electronic funds transfers? Choose 3
answers

What are some of the methods for sharing information and cooperating on an international basis? Choose 3
answers