The relationship manager in the corporate banking department at a bank is required to take specialized AML training tailored to the risks the department is most likely to encounter.
Which types of content are most appropriate for this training? (Select Two.)

• A.Money laundering typologies applicable to monetary instrument reporting
• B.Applicable AML laws and regulations
• C.Regulatory exam best practices
• D.Money laundering typologies applicable to corporate loans

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According to the Financial Action Task Force (FATF). potential risk indicators related to money laundering proceeds from environmental crimes include. (Select Two.)

• A.unexplained wealth and cash transfers involving senior officials or politically exposed persons for their family members) with a position of responsibility related to the management or preservation of natural resources.
• B.waste management sector companies based in high-risk jurisdictions with payments or trade invoices tor types of waste aligned with those they are authorized to process.
• C.frequent payments from companies in the logging. milling, or waste trade sectors to individuals or beneficiaries unrelated to the legal parson activity or business.
• D.small cash transfers from cash-Intensive businesses to beneficiaries in areas known as a source of gold mining, illegal logging, and Illegal land clearing.

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An employee at a financial institution (FI) suspects that one of their co-workers is involved in a financial investment scam syndicate.
Which step should be taken next by the employee who has the suspicion?

• A.Question their co-worker to determine if their suspicions are correct before reporting to the FI's Human Resources department
• B.Report the suspected employee to the line manager of the FI to take the required action
• C.Conduct an open-source intelligence investigation using artificial intelligence tools to gain more information on the activities of the suspected employee
• D.Use the FI's whistleblowing channel to report the suspected employee
• E.Warn colleagues and customers of the FI that the employee's suspicious financial investment proposals could be a scam

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What is the primary advantage of using a risk-based approach in allocating compliance resources?

• A.It reduces the overall cost of compliance programs.
• B.It eliminates the need for periodic audits of low-risk customers.
• C.It ensures focus on high-risk areas while maintaining operational efficiency.
• D.It standardizes compliance processes across all regions.

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Which key metric would provide the most valuable data to the senior management of a financial institution about the effectiveness of its AML controls?

• A.The number of clients exited for commercial reasons
• B.The ratio of true positives to false positives generated by the automated monitoring system
• C.The number of high-risk customers onboarded each month
• D.The number of money laundering alerts generated by the watchlist screening system

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