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Can social media can be used a reliable source on individual?
Can social media can be used a reliable source on individual?A . Yes B. NoView AnswerAnswer: B Explanation: social media sites such as Facebook or LinkedIn can be useful to verify some information, blogs or comments placed on these sites may not prove to be a reliable source about an...
How many W's are in the SAR narrative?
How many W's are in the SAR narrative?A . 3 B. 4 C. 5 D. 4View AnswerAnswer: C Explanation: who, what, when, where, and why.
When do Financial Criminals mostly focus on tailoring their relationship with a bank?
When do Financial Criminals mostly focus on tailoring their relationship with a bank?A . Before the formal relationship starts B. At the beginning of the banking relationship C. During the banking Relationship D. End of the Banking RelationshipView AnswerAnswer: B
When are you allowed to refuse or terminate a relationship with a customer?
When are you allowed to refuse or terminate a relationship with a customer?A . Only at the beginning of the investigation. B. Only after the client has been onboarded, then the relationship can be terminated. C. only after the transaction monitoring has been done but not the KYC. D. At...
What is the process of making adjustments to the system to ensure that the alerts are indeed indicative of unusual behavior?
What is the process of making adjustments to the system to ensure that the alerts are indeed indicative of unusual behavior?A . Artificial Intelligence B. Machine Learning C. Tuning D. Data AnalysisView AnswerAnswer: C
What are the main differences with Virtual Currency compared with a Central Bank backed Currency? (SELECT 2)
What are the main differences with Virtual Currency compared with a Central Bank backed Currency? (SELECT 2)A . Virtual Currency uses peer-to-peer technology to facilitate payments B. Virtual Currency can be used for financial crime, whilst Central Bank backed currency cannot. C. Virtual Currency is not backed by a Central...
What is this an example of?
Johnny has brokered a deal to sell 100 missiles for $2 each. They will be shipped from Australia to Panama next week. What is this an example of?A . Ghost-Shipping B. Over-Invoicing C. Under-Invoicing D. Good BusinessView AnswerAnswer: C
The purpose of Transaction Monitoring in organizations is to ______________?
The purpose of Transaction Monitoring in organizations is to ______________?A . Manage Client Risk B. Manage Financial Crime Risk C. Manage Compliance Risk D. Manage Transaction RiskView AnswerAnswer: B
Are informal value transfer systems a licensed Money Service Business or MSB?
Are informal value transfer systems a licensed Money Service Business or MSB?A . Yes B. No C. Depends on the JurisdictionView AnswerAnswer: B
This is called?
With investigating and completing a file it is usually best practice to ensure proper checks are performed, a second person might review the file. This is called? (SELECT 2)A . Quality Assurance B. Dual-Controls C. Two person check D. Four Eyes CheckView AnswerAnswer: B,D
