What facilitates law enforcement agent obtaining evidence from authorities in a foreign country relating to
criminal activity?

A commission regotorie would be used in which gateway to obtain information from another country?

What should be part of an institution’s monitoring and STR filing process? Choose 3 answers

A profitable commercial customer who operates an import-export business has multiple accounts with the same
institution at branches m different locations. The customer receives funds from a jurisdiction perceived as
highly corrupt according to Transparency International ratings. The customer makes frequent transfers among
the accounts and prefers to manage the accounts separately. What should the institution do to mitigate the risk
associated with these accounts?

When an institution conducts an internal investigation into an account following a law enforcement inquiry, it
should consider a number of factors to independently determine if the account should be dosed. Which three
considerations should be made when making the determination about closing an account? Choose 3 answers

A compliance officer is looking to modify procedures covering correspondent banking relationships. Which
three would be recommended under the Wolfsburg Principles on Correspondent Banking? Choose 3 answers

What are some red flags financial institutions should be aware of when trying to verify the identity of a
customer? Choose 3 answers

Why would a credit card account likely not be used in the placement stage of money laundering?

An audit completed the previous week revealed that a private banking customer submitted incomplete
documents when establishing an account earlier m the year. The customer received weekly electronic fund
transfers from a narcotic-producing jurisdiction. While the relationship manager who opened the account is on
leave for 5 weeks, the customer requests that the institution remit a substantial sum to a country that
represents a high risk of money laundering. The relationship manager is a friend of the anti-money laundering
specialist. What should the anti-money laundering officer do first?

What is a major money laundering risk associated with a number of prepaid cards as opposed to credit or debit
cards?