What is the currency threshold under the European Union Fourth Anti-Money Laundering Directive?

• A.3,000 Euros
• B.5,000 Euros
• C.10,000 Euros
• D.15,000 Euros

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

• A.A supervisory channel request with the Basel Committee
• B.An MLAT request
• C.An FIU request under the Egmont principles
• D.A FATF request

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Which three stages of money laundering are on-line banking vulnerable to?

• A.Layering
• B.Integration
• C.Placement
• D.Structuring

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As a result of an audit, a policy exception was identified that had been approved by the compliance officer. The auditor determined that the policy exception is a violation of a regulatory requirement.
What should the auditor do?

• A.Include the regulatory violation in the audit report and report it to the board of directors.
• B.Include the regulatory violation in the audit report and recommend the compliance officer be subject to disciplinary action by the board of directors.
• C.Consult with legal counsel to determine if the approval of the policy exception was acceptable.
• D.Advise the compliance officer on how to appropriately respond to policy exceptions.

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

• A.Customer having unusual documents from a foreign country
• B.Customer having no permanent address
• C.Customer not having a connected phone
• D.Customer being new to the community

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