If the legal structure is overly complex.
What step should the analyst do when conducting Customer Due Diligence in identifying the beneficial owners?

• A.Continue, Most legal structures can be overly complex in a normal business setting.
• B.Escalate, A complex legal structure is a sign of hiding the beneficial owner.
• C.Tread carefully, particularly if they operate in jurisdictions with secrecy la

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Most Organizations Use the three risk classifications for customers.
What are they? (SELECT 3)

• A.Moderate.
• B.Low.
• C.Medium.
• D.EDD-High.
• E.Very High.
• F.High.

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What is the First Line of Defense? (FLOD)

• A.The _______ line of defense is the compliance and internal control functions. That includes the chief money laundering reporting officer, or MLRO, in charge of managing and monitoring AML and CFT activities.
• B.The ________ line of defense is internal audit. They perform an independent review of the controls applied by the lines of defense.
• C.The _______ line of defense is also known as the front line, these customer-facing employees are best-equipped to get the information you need for your customer due diligence. Can include Operations, risk, and control teams.

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For secondary forms of non-documentary verification. Is the act of someone from the institution ringing up the individual and confirming the verification sufficient?

• A.Depends on the client.
• B.No.
• C.Yes.

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A person disclosing to any other person, information or any other matter, which is likely to prejudice a money laundering investigation is known to be?

• A.Tipping off
• B.Ripping off
• C.Dipping off
• D.Dripping off

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