A compliance officer is completing a case and has determined that the events do not merit filing a suspicious activity report (SAR).
Which of the following should be included in the case notes to justify not filing a SAR? (Choose two.)

• A.Who made the decision not to file the SAR
• B.Why the officer deemed that the case did not merit filing a SAR
• C.How much money was involved in the case
• D.How the money flowed through the institution
• E.When the unusual activity occurred

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As emphasized in the Basel Committee guidance for "Sound management of risks related to money laundering and financing of terrorism", the third line of defense, or audit function, should:

• A.Be involved in the day-to-day operations of the AML program to immediately prevent control failures.
• B.Report to the audit committee of the board of directors to maintain independence.
• C.Remain independent from expressing opinions on the sufficiency of remediation or action plans to address findings and recommendations.
• D.Conduct AML audits no less often than every 12 months for consistency in annual reporting.

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The UN Security Council's primary role in imposing sanctions is that it has the authority to:

• A.impose sanctions lo maintain of restore international peace and security
• B.impose sanctions on countries that lack AML/CFT controls.
• C.conduct research on and analyze the impacts of sanctions to improve the effectiveness of sanctions regimes.
• D.impose sanctions on economic targets to maintain or restore financial stability within a country.

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The degree of attraction that a company holds to criminal organizations is influenced by the (Select Two.)

• A.amount of annual fees associated with the jurisdiction.
• B.permissibility of bearer shares.
• C.rules governing the disclosure of beneficial ownership by the jurisdiction.
• D.ease of travel to the jurisdiction.

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An AML analyst at a financial institution is examining an alert generated by the automated transaction monitoring system to determine whether the alert should be escalated to the AML unit for further investigation or whether it can be archived as a false positive.
Which action might be reasonable for the AML analyst to take?

• A.Restrict the client's access to the account
• B.Send a request for information to the counterparty bank involved in the transaction that caused the alert
• C.Perform below-the-line testing to ensure the automated monitoring system is operating effectively
• D.Request information from the relationship manager assigned to the account that caused the alert

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