An existing customer at a bank has recently expanded its services to provide check cashing for its customers.
Which factor indicates the bank should terminate this relationship?

• A.The business has not updated its anticipated activity with the bank.
• B.The business is now a Money Service Business and has not registered with FinCEN.
• C.The bank has not updated its automated monitoring system.
• D.The business has no previous experience with this service.

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A bank employee reviews wire transactions looking for indications of wire stripping.
Which two actions should the employee take to complete appropriate bank procedures? (Choose two.)

• A.Identify wire transaction activity to or from a financial institution located in a higher risk jurisdiction
• B.Check for suspicious phrases usually used to conceal originator or beneficiary identity
• C.Identify large incoming wire transactions received on behalf of a foreign client with no explicit reason
• D.Compare the wire transaction as it enters and after it leaves the bank

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A casino incorporated in an offshore location approaches a financial institution to open an account relationship. The casino operates in a country that complies with Financial Action Task Force 40 Recommendations. The casino provides documentation of beneficial ownership. According to the Financial Action Task Force 40 Recommendations, the primary concern for the financial institution prior to opening the account is to

• A.Ensure the financial institution knows the casino's customers.
• B.Determine whether the casino conducts on-line gaming.
• C.Secure gaming insurance.
• D.Verify the casino is licensed.

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Which three are examples of best practices terms of ensuring an adequate AML program?

• A.Review the accuracy of account opening applications
• B.Engage an independent party to perform a periodic review of the program
• C.Perform a risk analysis on a regular basis and compare it to the coverage of the AML program
• D.Review applicable domestic and international AML guidance

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Which three are the most commonly used risk criteria?

• A.Customer Risk
• B.Country Risk
• C.Reputation Risk
• D.Product and Service Risk

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