Which risk factors are associated with acquiring and servicing the banking activities of customers considered higher risk for financial crime activities? (Select Three.)

• A.Sanctions risk
• B.Reputational risk
• C.Operational risk
• D.Compliance risk
• E.Lending risk

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Which of the following are red flags pertaining to potentially suspicious transactions by a customer? (Select Three.)

• A.A customer requests loans made to local companies or secured by obligations of local banks.
• B.A customer deposits a large number of consecutively numbered money orders.
• C.A customer withdraws cash in amounts just under the reporting threshold.
• D.A customer has regular deposits and withdrawals primarily in wire transfers.
• E.A customer receives wire transfers from different unknown accounts which are immediately wired onwards to a third party.

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Which action could be taken by an organization to better understand the threats faced from proliferation financing?

• A.Work with the front-line to understand their strategic growth targets specifically aimed at increasing their market share around military technology and dual-use products
• B.Review the organization's sanction risk assessment to better understand the potential for exposure to Russia and the Democratic People's Republic of Korea
• C.Read and analyze the most recent National Proliferation Financing Risk Assessment produced by the relevant body of the organization's jurisdiction
• D.Undertake a detailed review of all payment-related transactions to any clients identified as defense contractors, paying special attention to the beneficial owners of those clients

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News published in Country A reports that a politically exposed person (PEP) had received a bribe from a transnational company headquartered in a developing country of approximately USS1.5 million deposited into on account at a financial institution (Fl> located in Country B Both countries are members of the Egmont Group The account where the money was deposited belongs to the PEP's immediate family member. To corroborate the facts, the PIU of Country A sent a formal request via secure communication channels for further information from its counterpart FIU in Country B.
According to Egmont principles, the FIU of Country B can:

• A.deny the request if the FIU of Country B has not received a suspicious activity report (SAR) from the Fl where the account was opened.
• B.provide the requested information only if a memorandum of understanding (MoU) is signed between Country A and Country
• C.direct the FIU of Country A to the Fl where the account was opened for further information.
• D.provide the information available to them because the exchange is between two FlUs that are members of the Egmont Group, and the formal request was made using secure communication channels.

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The new KYC lead at a bank is particularly focused on enhancing the risk management component of its KYC program and refers to the Basel Committee's customer due diligence (CDD) principles.
Which of the following describe key improvements to a KYC program established in the Basel Committee's CDD principles? (Select Two.)

• A.Implementation of a blacklist of correspondent customers with previously detected and investigated suspicious activity
• B.Enhancement of customer identification procedures to appropriately identify trust, nominee, and fiduciary accounts
• C.Enhancement of a customer acceptance policy to more clearly identify high-risk customers
• D.Increased frequency of training provided to front office employees

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