Which of the following provides anti-money laundering specialists information related to money laundering trends?
1. Egmont Group's 100 Cases
2. Financial Action Task Force Typologies
3. FinCEN's SAR Activity Review
4. The Wolfsberg Principles

• A.2, 3, and 4 only
• B.1, 2, and 4 only
• C.1, 3, and 4 only
• D.1, 2, and 3 only

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An automotive parts company in South America sends multiple $500,000 wire transfers per week to ABC Holdings Ltd. in Asia referencing payment for silk flower shipments. Research reveals Sunrise Holdings, Ltd is registered in the British Virgin Islands with no available ownership information.
What are two red flags that indicate how trade-based money laundering could be occurring in this instance?
(Choose two.)

• A.Significant discrepancies appear between the description of the commodity on the bill of lading and the invoice
• B.The transaction involves the use of front (or shell) companies
• C.The packaging is inconsistent with the commodity or shipping method
• D.The type of commodity being shipped appears inconsistent with the exporter or importer's regular business activities

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During an ongoing investigation into a client's activities by a competent authority, a compliance officer should

• A.Communicate only in writing with regulatory and law enforcement authorities in line with applicable local laws.
• B.Communicate with regulatory and law enforcement authorities in line with applicable local laws.
• C.Limit communication with regulatory and law enforcement authorities to the absolute minimum.
• D.Ensure communication with regulatory and law enforcement authorities is conducted only through senior management.

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Under requirements for correspondent accounts in the USA PATRIOT Act, the word "certification" refers to a written representation by a

• A.respondent bank, certifying that they do not do business with shell banks.
• B.correspondent bank, certifying that they do not open correspondent accounts for alternative remittance companies.
• C.federal receiver" certifying that he is not the beneficial owner of the correspondent account.
• D.respondent bank, certifying that they do not do business with politically exposed persons.

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In which two ways does a government Financial Intelligence Unit interact with public and private sectors?
(Choose two.)

• A.It governs the methods of investigation used by competent authorities
• B.It mediates disputes between financial institutions and investigative authorities
• C.It receives and analyzes disclosures filed by financial and non-bank institutions
• D.It disseminates information and the results of its analysis to competent authorities

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