In the summer, an institution identifies anti-money laundering concerns regarding a customer's account activity. The customer, an ice cream, has deposited a lot of checks drawn on banks in foreign countries, sent large number of high dollar international wires to different countries, made cash deposits of a few hundred dollars every few days and written multiple checks for a few hundred dollars to the same dozen payees every two weeks.
Which two transaction types warrant investigation? (Choose two.)
When should the anti-money laundering risk assessment be updated?
What core objective does the Egmont Group suggest would lead to an effective national Financial Intelligence Unit (FIU)?
What do the Financial Action Task Force (FATF) mutual evaluations of each member assess?
