A compliance analyst has recently investigated an account where money was deposited in amounts below the reporting limit and almost entirely withdrawn in a foreign country.
Which type of money laundering is the compliance analyst potentially identifying?

• A.Structuring
• B.Trade-based
• C.Check Kiting
• D.Microstructuring

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The transaction monitoring system of a bank generated an alert for a car wash client. After making large cash deposits, the client orders international wire transfers.
Which additional circumstances would make the case more suspicious?

• A.The beneficiary of the wire transfers is a foreign company whose shareholders and director are other companies
• B.The wire transfers are for different amounts but with the same beneficiary
• C.The beneficiary of the wire transfer is a resident of a grey-list country
• D.The beneficiary of the wire transfers is a resident of a foreign country bearing the same family name as the business owner

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It is essential to identify any "family members" or "close associates" of politically exposed persons (PEPs) as part of the KYC/CDD process because they could be:

• A.executing cross-border transactions for their own business which is not commensurate to the PEP's wealth.
• B.in a position to provide more information regarding the PEP's whereabouts and hidden properties.
• C.travelling to offshore jurisdictions often on holiday which exposes them to higher risks for AML.
• D.used as intermediaries to facilitate bribery or corruption or to conceal the illicit wealth of the PEP.

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According to the Egmont Group, which benefits do public-private partnerships (PPPs) provide to Financial Intelligence Units (FIUs)? (Select Three.)

• A.Helping overcome data protection and information sharing limitations
• B.Enhancing the quality of reporting and additional informational input
• C.Helping to alleviate the financial cost burden on law enforcement
• D.Helping to design common approaches and identify desired deliverables
• E.Offering flexibility, agility, and opportunities to adjust to the ML/TF threat environment

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According to the Financial Action Task Force (FATF) methodology, which situations would require a financial institution (FI) to consider filing a suspicious activity report?

• A.A FI is unable to verify the relevant customer due diligence documents.
• B.A transaction involves funds exchanged from crypto to fiat currencies.
• C.A FI identifies the payer is a dealer in precious metals or stones.
• D.A beneficiary of a transaction is a politically exposed person.

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