Which action does the Financial Action Task Force (FATF) recommend be taken against jurisdictions that have strategic deficiencies?

• A.Conduct due diligence
• B.Apply counter-measures
• C.Add the jurisdiction to the United Nations' list of sanctioned jurisdictions
• D.Create an action plan to address the deficiencies without the support of the FATF

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Under which two circumstances may law enforcement be given access to a financial institution customer's financial records? (Choose two.)

• A.If law enforcement serves a legal summons or subpoena
• B.If the investigation of a customer is made public in the media
• C.If law enforcement has circumstantial evidence to suspect money laundering
• D.If the person is named in a suspicious transaction report

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In the FATF 40 recommendations, the focus of AML efforts has been expanded beyond Financial Institutions.
Which three businesses and/or professions are covered? Choose 3 answers

• A.casinos, when customers engage in financial transactions equal to or above a designated Threshold
• B.Trust and company service providers
• C.Real estate agents when they are involved in transactions for clients concerning buying and selling properties
• D.Dealers in art, when they engage in any cash transaction with a customer at or above a designated threshold

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Which two statements about the Wolfsberg Group are true?

• A.It based its original guidance around combating the laundering of proceeds of narcotics trafficking
• B.It focuses primarily on Know Your Customer, AML and CTF guidance
• C.It is composed of representatives of financial intelligence units from around the world
• D.It has no power to impose its principles/guidance

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A bank compliance officer has implemented enhanced monitoring rules that have identified some unusual activity that may be indicative of human trafficking.
Which red flag should prompt additional transactional review?

• A.Wire transfer activity from countries with significant migrant populations
• B.Cash deposits that occur in cities where the customer resides and conducts business
• C.Cash deposits that occur in cities where the customer does not reside or conduct business
• D.Cash deposits that occur in cities where the customer does not reside or conduct business followed by same-day withdrawals

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