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Joey a Transaction Monitoring analyst has discovered that after the risk assessment, There is no evidence of money laundering, terrorist financing, or economic sanctions.
Joey a Transaction Monitoring analyst has discovered that after the risk assessment, There is no evidence of money laundering, terrorist financing, or economic sanctions. What is the next stage for Joey here/A . Clear Alert B. Escalate to Compliance C. Escalate to his Senior Manager. D. Report to Law EnforcementView...
Transaction monitoring controls are ____________ monitored, calibrated, and tuned, and new scenarios need to be introduced as the risks associated with the business change.
Transaction monitoring controls are ____________ monitored, calibrated, and tuned, and new scenarios need to be introduced as the risks associated with the business change.A . Rarely B. Often C. Constantly D. SometimesView AnswerAnswer: C
It's a regulatory requirement?
What is the main purpose of having controls in your Transaction Monitoring program It's best practice to have controls in a Transaction Monitoring program It's a regulatory requirement?A . To manage financial crime risk B. Transaction Monitoring doesn't require controlsView AnswerAnswer: A
What is the first thing she should do?
Joanne has just started her new job in Transaction Monitoring. After being trained she has just received her first alert. What is the first thing she should do?A . Assess B. Explore C. Organize D. ReportView AnswerAnswer: A
What Technologies are very active in Transaction Monitoring right now and in the future?
What Technologies are very active in Transaction Monitoring right now and in the future?A . Cloud Computing B. Machine Learning C. Artificial Intelligence D. Neural NetworksView AnswerAnswer: B,C
A Transaction Monitoring report is usually referred as an __________
A Transaction Monitoring report is usually referred as an __________A . Repository B. Analysis C. Report D. AlertView AnswerAnswer: D
Can personal interviews of the client be used to mitigate an alert for Transaction Monitoring?
Can personal interviews of the client be used to mitigate an alert for Transaction Monitoring?A . TRUE B. FALSEView AnswerAnswer: A
What reason here is one of the reasons why Private Banking is high risk?
What reason here is one of the reasons why Private Banking is high risk?A . Lacks government oversight B. Private banking can be low risk, it depends on a wide range of variables. C. The products are complex D. Can be used to hide the beneficial ownerView AnswerAnswer: D
Which of the biggest concern for an analyst that would raise a potential red flag with a dual national?
Dual Nationality can be a concern for many Transaction Monitoring analysts during the due diligence phase. Which of the biggest concern for an analyst that would raise a potential red flag with a dual national?A . Marriage/Religion B. Location of Birth C. Parental Nationality D. Citizenship form participation in a...
What takes priority over the analysis in an Investigation of an Alert?
What takes priority over the analysis in an Investigation of an Alert?A . Human Analysis B. Automated Screening ToolsView AnswerAnswer: A
