The owner of a real estate investment company deposits multiple cashier's checks that were bought using cash over a three-month period, from the sale of two apartments. This account also receives several electronic transfers from other financial institutions for 10.000 USD each. What activity is considered suspicious of money laundering?

• A.Using cash to buy multiple cashier's checks over a period of time
• B.Using cashier's checks in the transactions with the real estate investment company's account
• C.Performing operations with real estate investment companies
• D.Receiving electronic transfers for 10.000 USD amounts from other financial institutions

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The Wolfsberg Anti-Money Laundering Principles for Private Banking require new clients to be approved by whom?

• A.The board of directors
• B.Only the private banker
• C.The private banker's supervisor
• D.At least one person other than the private banker

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How should law enforcement obtain documentation from an institution when suspicious activity was identified? (Choose two.)

• A.Request copies of the relevant documents from the accountable institution.
• B.Pay an employee of the accountable institution to make copies of the documents.
• C.Request a Financial Intelligence Unit (FIU) share copies of suspicious transaction reports.
• D.Request the documents from the FIU.
• E.Acquire a search warrant to obtain the documents.

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A financial institution (FI) is being investigated for possible money laundering. When cooperating with law enforcement agencies, which additional steps should the FI ensure are taken? (Choose two.)

• A.Inquiries from the media are not answered directly, but rather are addressed by replying, "No comment."
• B.Address the document destruction policy to ensure the relevant documents are destroyed.
• C.Make employees, including corporate officers, unavailable for interviews and refuse documents upon receipt of a subpoena.
• D.Centralized control is maintained over all requests and responses to ensure completeness and timely responses.
• E.Subpoenas and other information requests should be reviewed by senior management and an investigations group or counsel.

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Which of the following employee behaviors would not trigger an AML red flag?

• A.An employee lives a lavish lifestyle that could not be supported by his or her salary.
• B.An employee is involved in an excessive number of unresolved exceptions.
• C.An employee uses company resources to further private interests.
• D.An employee generates high earnings on investments made on the stock market.

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