Which is a key reason why a financial institution (FI) conducts an enterprise-wide AML risk assessment?

• A.The need to assess money laundering and terrorist financing risks and ensure there are adequate controls to mitigate those risks.
• B.The board of directors and senior management are required to have an AML risk assessment for the bank.
• C.The identification of specific risk categories (i.e., export, inactivity, layman, and false locations) unique to the bank.
• D.The need to understand its overall budget needs for each department and for internal audit.

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Which element is generally required of all anti-money laundering programs?

• A.A computer-based suspicious activity monitoring system
• B.A qualified compliance officer to manage the program
• C.Annual in-person AML training for all employees
• D.An enhanced due diligence program for all new customers

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What was cited by the Wolfsburg Group in its Statement on the Suppression of the Financing of Terrorism as being vulnerable to terrorist financing?

• A.Private banking
• B.Trade finance
• C.Correspondent banking
• D.Alternative remittance

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A money transmitter's nation-wide agent network remits funds to a country in Africa on behalf of an immigrant community based in the United States. A terrorist group is known to operate openly in this African country. In reviewing transaction records, the compliance officer detects a pattern where two customers together visit the same agent each week and remit the same amount of funds. $2,500, to the same recipient in the country in Africa.
What should alert the compliance officer to possible money laundering or terrorist financing activity by the two customers?

• A.The customers always visit the same agent.
• B.The funds are being sent to the same recipient each week.
• C.The customers always visit together.
• D.The dollar amount of each transaction is just below the record keeping threshold.

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Your company has recently deployed 5,000 Internet-connected sensors for a planned AI solution.
You need to recommend a computing solution to perform a real-time analysis of the data generated by the sensors.
Which computing solution should you recommend?

• A.an Azure HDInsight Storm cluster
• B.Azure Notification Hubs
• C.an Azure HDInsight Hadoop cluster
• D.an Azure HDInsight R cluster

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