What three attributes do havens for money laundering and terrorist financing typically have? Choose 3 answers

• A.Little enforcement of the laws, weak penalties or provisions that make it difficult to confiscate or freeze assets related to money laundering
• B.Limited types of institutions and persons covered by money laundering laws and regulations
• C.Absence of an effective FIU
• D.A large number of predicate crimes for money laundering

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Which three actions should employees be instructed to do during an internal investigation?

• A.Make copies of all documents provided to law enforcement
• B.Inform counsel of all request for documentation
• C.Provide corporate documents directly to law enforcement
• D.Keep a log of the documents requested

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What should senior management do in order to promote a culture of anti-money laundering compliance?

• A.They should attend all training sessions with front-line employment
• B.They should base employee compensation on the amount of suspicious activity they detect
• C.They should include compliance with AML procedures as condition of employment
• D.They should have close ties with the independent auditors of the AML program

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What should an effective anti-money laundering training program include?

• A.Lists of anti-money laundering regulations
• B.Real-life money laundering examples
• C.Random testing of employees to ensure proper understanding of policies
• D.Computer-based modules titles differently for each job description in the bank

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An accounting firm opened an account at a bank that is intended to be used as the operational account for the business. After a few months, a comprehensive review of the account was triggered due to unusual activity on the account. Which most likely triggered the review?

• A.The account receives international payments that are substantially higher than other fees they typically receive.
• B.The account sends monthly donations to several charities that operate in the same communities as the accounting firm.
• C.The account receives several payments a day from multiple customers who operate in different industries.
• D.The account receives international wires from companies in the Middle East where the accounting firm has several branches.

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