Which of the following best describes the use of fuzzy logic in customer screening systems?

• A.It produces outputs that include a range of intermediate possibilities between "Yes" and "No"
• B.It is an advanced analytics tool widely used to implement AFC controls
• C.It allows for a greater number of exact matches, reducing the need for manual review
• D.It is a new technique for enhancing the quality of alerts for review

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Risks associated with real estate transactions include (Select Two.)

• A.cross-border purchases.
• B.purchases in the name of a natural person.
• C.paying true market price for a property.
• D.non-financed purchases.

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When applying new technologies to AML, application programming interfaces (APIs) allow for:

• A.Digital identification on mobile devices
• B.Different applications to connect and communicate
• C.Authentication via artificial intelligence (AI) and biometrics
• D.Quick CDD and client traits analysis during onboarding

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The compliance officer at a casino in Taiwan discovers that the casino received multiple cash deposits from a customer just below the Large-Amount Transaction Report (LTR) limit on consecutive days. The customer used three different betting accounts.
What is the appropriate next step?

• A.Inform the customer their activity Is suspicious and request an explanation
• B.Make a note in the customer's account that the customer's gambling activities are frequently conducted below the reporting limit
• C.Contact law enforcement to launch an Investigation into the customer's financial activities
• D.Follow internal reporting procedures to escalate the activity as suspicious and report to appropriate authorities

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The recently appointed senior money laundering reporting officer (MLRO) at a newly opened small digital bank has been instructed by the group chief compliance officer to implement an effective AML transaction monitoring system that can identify unusual and suspicious transactions.
What are important considerations for the project to select and implement the AML transaction monitoring system at the digital bank? (Select Two.)

• A.Whether the vendor has documented appropriate internal controls for designing system and data integration schema
• B.Whether the permissions and user access settings for reviewing, investigating, and reporting details of alerts generated by the system are commensurate with those in use at other banks
• C.Whether the monitoring system is adequate with respect to the bank's size, activities, complexity, and risks
• D.Whether the monitoring system can be configured to enable the bank to execute trend analysis of transaction activity and to identify unusual business relationships and transactions

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