A compliance officer at a financial institution (FI) received an investigation request for a customer from a local law enforcement agency. Which action should be taken by the FI?
A bank provides trade financing for a company whose primary export is steel.
Which action by the company indicates possible money laundering?
The compliance officer for a bank is reviewing on-boarding documents for a new business account for a domestic corporation. The officer is unable to verify the identity of the beneficial owners of the company. Only information on the nominee owners was provided, and none of the listed addresses are local. The purpose of the business and future expected activity were disclosed to include cash letters, money orders and international remittance transfers.
Which red flag identifies a heightened money laundering risk?
When and how should an institution appraise the AML risk of a newly developed product?
Choose 3 answers
You need to deploy cognitive search.
You provision an Azure Search service.
What should you do next?
