Which three stages of money laundering are on-line banking vulnerable to?

• A.Structuring
• B.Placement
• C.Integration
• D.Layering

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What is the most effective criterion for determining the beneficial ownership of funds?

• A.Being the person in whose name an account is opened with a financial institution
• B.Being a person who is the trusted party in a correspondent banking relationship
• C.Having control over such funds or entitlement to such funds
• D.Having signature authority over the account

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Pursuant to the Third European Union Money Laundering Directive, how long after being out of prominent office should a person NOT be considered to be a Politically Exposed Person (PEP)?

• A.4 years
• B.2 years
• C.1 year
• D.3 years

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Cybersecurity risk can result in identity theft by:

• A.executing false transactions.
• B.compromising individual's personal data.
• C.issuing false passwords.
• D.identifying bugs in personal data processors.

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What is an aspect of the USA PATRIOT Act that has extraterritorial reach?

• A.To strengthen US measures to prevent, detect and prosecute international money laundering and financing of terrorism.
• B.To implement economic and trade sanctions based on US foreign policy.
• C.To mandate stricter money laundering controls across the continent.
• D.To require scrutiny of foreign financial institutions (FIs) and classes of international transactions that are susceptible to criminal abuse.

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