100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BSA 2 - BSA-AML COMPLYING WITH THE BSA (COMPLETE) 2024 QUESTIONS WITH SCORED A+ SOLUTIONS!! $13.99   Add to cart

Exam (elaborations)

BSA 2 - BSA-AML COMPLYING WITH THE BSA (COMPLETE) 2024 QUESTIONS WITH SCORED A+ SOLUTIONS!!

 2 views  0 purchase
  • Course
  • BSA 2 - BSA-AML
  • Institution
  • BSA 2 - BSA-AML

BSA 2 - BSA-AML COMPLYING WITH THE BSA (COMPLETE) 2024 QUESTIONS WITH SCORED A+ SOLUTIONS!!

Preview 2 out of 15  pages

  • October 1, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BSA 2 - BSA-AML
  • BSA 2 - BSA-AML
avatar-seller
EvaTee
BSA 2 - BSA-AML
COMPLYING WITH THE
BSA (COMPLETE) 2024
QUESTIONS WITH
SCORED A+
SOLUTIONS!!
Evatee 10/1/24 BSA 2- BSA-AML

, BSA 2 - BSA-AML COMPLYING WITH THE BSA
(COMPLETE) 2024 QUESTIONS WITH SCORED
A+ SOLUTIONS!!


1. Severe penalties can be assessed for violations of the BSA/AML compliance
program. Which scenario describes a potential violation that could lead to civil
or criminal penalties for noncompliance?
A. Robert, a customer service representative, uses the client's middle initial
rather than looking up his middle name when completing the CTR
B. Nellie, a bank officer in the private banking department, has opened an
account for an individual about whom she is unable to obtain sufficient
information or credentials
C. Natasha, a compliance officer responsible for detecting multiple
transactions in one day, reviews a standard analysis report but accidentally
misses multiple transactions by a customer
D. Mark, a lender, feels confident in identifying suspicious illegal activity and
always asks for the appropriate customer identification. Last month, however,
he inadvertently opened two deposit accounts for a client that Answer - b.


A, C, and D are incorrect because although these types of mistakes can be
noted in an exam, Robert, Natasha, and Mark followed all the correct BSA/AML
procedures but unfortunately, had oversights in their daily tasks.


2. Bank employees are required to comply with the BSA. Which statement best
completes the following sentence: What you must do to comply with the BSA
and protect the assets of your financial institution will be dictated by
______________________.
A. The level of experience of your senior management team and your job
responsibilities

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller EvaTee. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75323 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.99
  • (0)
  Add to cart