Which two factors assist a money laundering investigation that involves multiple countries? (Choose two.)

• A.Law enforcement and other authorities should have access to financial information that is pertinent to the investigation.
• B.Law enforcement and other authorities should be allowed to establish and utilize joint investigative teams with law enforcement in other countries.
• C.Law enforcement and other authorities should not expedite information sharing between countries to ensure that all information is provided at the same time to avoid premature conclusions.
• D.Every country should share all their information with foreign law enforcement and government authorities to facilitate rapid investigations.

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Which factor should a bank consider before sharing information about a customer with its broker-dealer affiliate in the case of an investigation?

• A.Whether there is a mutual legal assistance treaty in place between the two institutions
• B.Whether both institutions have an account or are in the process of opening an account for the customer
• C.Whether the broker-dealer affiliate can rely on the due diligence done by the bank
• D.Whether privacy and data protection rules permit the bank to share the information with the affiliate

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A financial institution receives a regulatory enforcement action because of deficiencies in its anti-money laundering program.
Which action should the board of directors take?

• A.Instruct the compliance officer to develop a plan to remediate the institution's anti-money laundering program
• B.Purchase and install a new suspicious activity monitoring system
• C.Hire an attorney with instructions to protest the enforcement action
• D.Terminate the compliance officer and staff

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Enhanced due diligence (EDD) may be bypassed for which situation?

• A.On-boarding a branch or majority-owned subsidiary of an EU or US FI located in a high-risk third country that fully complies with group-wide policies and procedures.
• B.On-boarding a subsidiary in a high-risk country with a complex ownership structure of a long-standing and reputable customer based in the EU or US.
• C.On-boarding a casino headquartered in the EU or US that is part of an international hotel chain, provides less than 50% of overall revenue and that fully complies with group-wide policies and procedures.
• D.On-boarding a reputable Politically Exposed Person (PEP) from the EU onto the wealth management arm of a US financial institution (FI).

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A new compliance officer is reviewing the bank's anti-money laundering program and notices that the risk assessment was completed six months ago. Since that time, the bank acquired another financial institution, renamed the internal records group, and streamlined cash handling procedures.
Which factor causes the compliance officer to update the bank's risk assessment?

• A.The bank acquired another institution
• B.The internal records group has been re-named
• C.The cash handling procedures were streamlined
• D.The risk assessment was completed six months ago

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