In many jurisdictions, financial institutions are prohibited from hiring a person who has been convicted of what type of offense?

• A.Kidnapping
• B.Offenses involving dishonesty
• C.Driving while under the influence
• D.Protests of government action

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Which three areas do FATF's 40 recommendations cover? Choose 3 answers

• A.Financial systems and their regulation
• B.The criminal justice system
• C.International Cooperation
• D.Prescriptive sentences for predicate offenses

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Which red flag should a compliance officer prioritize first for investigation?

• A.A loan is paid off in full with cash after the sale of the vehicle that was used as collateral for the loan.
• B.A customer has 20 monthly transactions that are repetitive but less than $500 USD per transaction.
• C.A convenience store cashes government checks for its customers in amounts less than $1,000 USD per day.
• D.Several cross-border transfers are received and immediately wired to another beneficiary.

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Which Trust parties should be identified to determine the true nature of the Trust relationship according to Basel guidelines? (Choose three.)

• A.Respondents
• B.Trustees
• C.Settlors/grantors
• D.Trust Administrators
• E.Payees
• F.Beneficiaries

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What does designing a country as being of "prime money laundering concern" allow the U.S. government to do?

• A.Ensure the inclusion of that country onto FATF's Non-Cooperative Country and Territory list
• B.Ensure the inclusion of that country into the office of Foreign Asset Control country sanctions programs
• C.Close some or all correspondent or payable-through accounts
• D.Obtain transactional information from U.S.-owned subsidiary banks located outside the U.S.

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