The manager of a bank's KYC team discovers that a high-risk customer's activity was not reviewed last quarter as the bank's internal schedule required.
What should the KYC team manager do?

• A.Contact the customer's relationship manager to suspend account access until the periodic KYC review is completed
• B.Remove the customer from the bank's high-risk list
• C.Evaluate the KYC review process to understand why the review did not occur as required and take corrective action as necessary
• D.Submit a referral to file a suspicious activity report (SAR)

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An organization is developing a comprehensive anti-money laundering (AML) framework.
Which of the following statements best describes the relationship between AML policies and procedures?

• A.Policies are broad guidelines. Procedures are detailed instructions for specific processes. Only procedures are mandatory for knowledge and adherence.
• B.Policies define the principles of an organization and influence the drafting of procedures. Procedures are detailed instructions for specific processes.
• C.Policies are detailed instructions for specific processes. Procedures are an overarching framework.
  Neither policies nor procedures are mandatory for knowledge and adherence.
• D.Policies are detailed instructions for specific processes. Procedures are an overarching framework. Both policies and procedures are mandatory for knowledge and adherence.

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Beyond the physical and mental harm caused to individuals, which of the following problems can be linked to significant costs from unregulated online gambling and gaming?

• A.Economic and societal
• B.Political and regulatory
• C.Governance and compliance
• D.Sectoral and jurisdictional

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Which of the following entities could potentially pose a higher money laundering risk and require additional review prior to onboarding? (Select Two.)

• A.A large multinational corporation with extensive, documented wire transfer activity
• B.A local convenience store that replenishes the onsite automated teller machine (ATM) with cash from its till
• C.A local used car sale lot that allows individuals to pay their monthly bill in cash
• D.A virtual asset service provider (VASP), facilitating peer-to-peer cryptocurrency transactions

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Which of the following is one of the pillars of the EU AML Package adopted in June 2024?

• A.Digital Operational Resilience Act
• B.Anti-Corruption Directive
• C.EU AML Regulation
• D.7th AML Directive

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