- All Exams Instant Download
When one bank acts for other bank in another by providing banking services in another jurisdiction, this is known as?
When one bank acts for other bank in another by providing banking services in another jurisdiction, this is known as?A . Private Banking B. Trade Finance C. Correspondent Banking D. Virtual CurrencyView AnswerAnswer: C
Which of the below can and need to be searched for Sanctions screening (SELECT 3)
Which of the below can and need to be searched for Sanctions screening (SELECT 3)A . Boats B. Individuals C. Shipping Vessels D. Cars E. PlanesView AnswerAnswer: B,C,E
With regards to data and security, financial institutions must provide? (SELECT 2)
With regards to data and security, financial institutions must provide? (SELECT 2)A . Best Practice B. Duty of Care C. Optional Choice D. Legal ObligationView AnswerAnswer: B,D
Which of the below are non government organizational sources that can be used for internet search in online investigations.
Which of the below are non government organizational sources that can be used for internet search in online investigations.A . The Wolfsberg Group B. HSBC C. Financial Action Task Force D. Oppenheimer Group E. Egmont GroupView AnswerAnswer: A,C,E
Why is it important to know if a customer is a dual citizen (SELECT 2)
Why is it important to know if a customer is a dual citizen (SELECT 2)A . It can help access jurisdiction activity as part of your research in the Transaction Monitoring process. B. The customer could have a second nationality of a notorious tax haven and is using their wealth...
For a State Owned Enterprise to be officially a SOE, What are the levels of state involvement are requited
For a State Owned Enterprise to be officially a SOE, What are the levels of state involvement are requitedA . Majority B. Full C. Half D. Significant E. LowView AnswerAnswer: A,B,D
The Beneficial Owner or Trustee of Trusts or special purpose vehicles is usually?
The Beneficial Owner or Trustee of Trusts or special purpose vehicles is usually?A . Same person/Family B. Professional Services C. Complete Strangers D. Unrelated PartiesView AnswerAnswer: A
During the name screening stage. Is this done and approved prior to onboarding, or during real time transactions?
During the name screening stage. Is this done and approved prior to onboarding, or during real time transactions?A . Prior to onboarding B. During realtime transactionsView AnswerAnswer: A
What of the below is not acceptable for research that can be documented for when investigating an alert?
What of the below is not acceptable for research that can be documented for when investigating an alert?A . Corporates Registries B. Company Website C. LinkedIn D. Reputable Media outletsView AnswerAnswer: C
What are some of the main concerns/red flags that this type customer would bring to an AML Program?
All charities and non-profits ngos require bank products just like companies, and as such they are required to be onboarded. What are some of the main concerns/red flags that this type customer would bring to an AML Program? (SELECT 2)A . Launder illicit funds B. Poor regulations C. Fraudulent activity...
