In 2004, Consolidated KYC Risk Management was issued by the Basel Committee on Banking Supervision
(BCBS). What is a key message in this document?

What is a key element required to ensure an anti-money laundering compliance program is effectively
embedded into an institution’s culture?

A compliance officer at a small local bank reads in the newspaper that a high ranking local public official, who is
a long-standing account holder, is being investigated by the competent authorities for accepting bribes. The
compliance officer immediately checks the official’s account and new account the official opened at the bank a
few weeks ago. The compliance officer’s investigation of these accounts discloses that the official’s longstanding account had no unusual activity and that the recently opened had no activity since it was opened.
What should the compliance officer do next?

Which method most likely indicates the placement stage of laundering dirty money in a land based casino?

Pursuant to the Third European Union Money Laundering Directive, how long after being out of prominent office
should a person NOT be considered to be a Politically Exposed Person (PEP)?

Which of the following is the most common risk with a Personal or Private Investment Company (PIC)?

enhanced due diligence on accounts held by which three groups of people?

Which two statements about the Wolfsberg Group are true?

Which three entities does the Third European Union Money Laundering Directive apply to?

The purpose of an anti-money laundering program should be to do what?