In addition to monitoring for suspicious activity, what are electronic monitoring systems also valuable for?

• A.Proving to the Board of Directors that the FIU is doing its job
• B.Meeting mandatory regulatory requirements for system implementation
• C.Highlighting the skills of the system analysts
• D.Identifying how customers are using products

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What is a tool governments and multi-national bodies can use to prevent the proliferation of weapons of mass destruction?

• A.Commission Rogatoire
• B.Mutual Legal Assistance Treaties
• C.Account Monitoring Order
• D.Economic Sanctions

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What facilitates law enforcement agent obtaining evidence from authorities in a foreign country relating to criminal activity?

• A.MLAT Executive Agreement
• B.Mutual Legal Assistance Treaties (MLAT)
• C.The World Wide Network of Information Sharing
• D.Patriot Act Communications System

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One key aspect of promoting an enterprise-wide compliance culture within a financial institution (FI) is that the:

• A.first line of defense should establish its own policies independently.
• B.relevant information should be shared throughout the organization.
• C.cost of compliance should increase proportionately to revenues.
• D.revenue generating business sectors should have precedence over compliance.

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What are two legal risks of having inadequate privacy policies and procedures? (Choose two.)

• A.Diminished reputation
• B.Charges of deceptive business practices
• C.Industry of regulatory sanctions
• D.Higher marketing and public relations costs

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