Which key factor would result in the decision for a financial institution (FI) to exit a client relationship?

• A.After assessing all risk factors the level of residual client risk exceeds the FI's risk appetite.
• B.Client transactions generate ongoing transaction monitoring alerts that did not result in any SAR/STR filings.
• C.Closing the client accounts will help reduce the number of transaction monitoring alerts.
• D.The client is a registered charity known to remit funds to high risk geographies where there is limited due diligence information available.

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A country that does not have strong predicate offenses and is lax in prosecuting AML cases could suffer which social/economic consequence?

• A.US sanctions
• B.Increased organized crime and corruption
• C.Reputation risk for the port
• D.Loss of tax revenue

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A law enforcement agent calls a bank anti-money laundering investigator for supporting information about a suspicious transaction report that was filed the previous month.
How should the investigator respond?

• A.Refer the agent to the bank's compliance officer
• B.Share the requested information during the telephone call
• C.Require a search warrant before releasing the information
• D.Send the information to an address provided by the agent

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According to the Second European Union Money Laundering Directive, what may knowledge of criminal conduct be inferred from?

• A.Subjective, factual circumstances
• B.Objective, factual circumstances
• C.Objective, non-factual circumstances
• D.Subjective, non-factual circumstances

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A United States (U.S.) bank was recently alerted by law enforcement of an increase in sale of large denomination U.S. bank notes to casas de cambio. They suspect that a Mexican syndicate is operating a money laundering scheme in the bank's jurisdiction.
Which two steps should be taken to trace funds through the bank to assist law enforcement in their investigation? (Choose two.)

• A.Identify the money laundering scheme and submit a suspicious transaction report
• B.Identify deposits by casas de cambio that include third-party items including sequentially numbered monetary instruments
• C.Identify if there is a decrease in the sale of large denomination U.S. bank notes to casas de cambio by the bank
• D.Identify multiple wire transfers initiated by casas de cambio to jurisdictions outside of Mexico that bear no apparent business relationship with that casa de cambio

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