Which techniques would be most efficient for a complex investigation of unusual patterns of activity involving multiple businesses, triggered by an automated monitoring system alert? (Select Two.)

• A.Use social media platforms to connect with the businesses and request details about the account activity
• B.Review the information presented in the automated monitoring system's alert description and decline any future transactions
• C.Contact local law enforcement and request that they assist in the analysis and investigation
• D.Contact the account manager and ask for the reasons behind the patterns of activity highlighted in the AML alerts
• E.Perform a control and ownership assessment of the businesses involved, using the information available in the client files

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Which of the following accurately describes the economic, reputational and social consequences of money laundering (ML) and the risks and consequences of violating AFC regulations? (Choose two.)

• A.ML undermines the integrity and stability of financial systems and makes them vulnerable to illegal activity. This can erode investor confidence and hinder economic growth.
• B.When a financial institution (FI) is found to be promoting ML or violating AFC regulations, this can lead to a loss of confidence in the institution and a loss of customers. Interestingly, this scenario might sidestep any legal consequences for the Fl.
• C.When laundered funds flow into legitimate economies, they can be used for illegal purposes, such as funding terrorist activities or organized crime. This distorts resource allocation and undermines development.
• D.Jurisdictions perceived as having insufficient ML measures might be identified as uncooperative or high-risk, potentially facing restricted access to international markets, though economic sanctions by other countries are an unlikely outcome.

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Which of the following statements describe the strengths associated with public-private partnerships (PPPs)?
(Choose two.)

• A.Public organizations can belter understand what the private sector experiences and inform policy and the enactment of laws
• B.Data-protection privacy policies provide an opportunity to develop information sharing protocols to prevent unauthorized access to information
• C.Data-protection privacy policies prohibit the evolution of PPPs due to restrictions based on legacy government legislation
• D.Small business owners can choose third-party providers or financial institutions to keep their private data safe which can easily be shared within a PPP

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Public-private partnerships (PPPs) that involve the sharing of information between law enforcement authorities, Financial Intelligence Units (FIUs), and the private sector are established to: (Select Two.)

• A.Exchange operational information between public authorities and obliged entities
• B.Exchange strategic information between FIUs and obliged entities
• C.Exchange strategic information between financial institutions
• D.Create a common database of key information and share analysis of suspicious activities with FATF

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Which statement best describes a key money laundering risk associated with virtual asset service providers (VASPs), cryptoassets, and related products?

• A.Cryptoassets can be transferred across borders quickly, but the volatility of their value still makes them less attractive for money laundering compared to traditional assets
• B.Mandatory reporting requirements have been implemented for certain types of crypto transactions, but gaps in regulation and enforcement still leave room for money laundering activities.
• C.The transparency of blockchain technology helps law enforcement trace transactions, but it can also provide criminals with ways to obscure their financial activities through complex layering techniques.
• D.The pseudonymous nature of transactions allows criminals to hide their identities while transferring large sums of money globally, making it difficult to trace the ultimate beneficial owner.

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