Cafp - Study guides, Class notes & Summaries

What option describes what makes pouch activity MOST vulnerable to money laundering? - correct answer They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? - correct answer They make it easy for the money launderer to conceal the source of funds once the illicit funds are no longer in cash form. How do bulk cash shipments occur? - correct answer Between two banks even when the recei...

CAFP 1 Actual Questions and Answers 2023 with complete solution

CAFP 1 Exam Questions With Complete Solutions.

CAFP 1 UPDATED Actual Exam Questions and CORRECT Answers What option describes what makes pouch activity MOST vulnerable to money laundering? - CORRECT ANSWER- They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? - CORRECT ANSWER- They make it easy for the money launderer to conceal the source of funds once the illicit funds are no longer in cash form

CAFP 1 Questions and answers latest update

CAFP,Certified AML and Fraud Professional Exam (New 2023/ 2024 Update) Questions and Verified Answers| 100% Correct| Graded A QUESTION Please give an example of how a bank failed due to criminal activity? Explain how it happened. Answer: Riggs Bank - The failures in Riggs Bank's AML controls contributed to its demise — due in large part to the manner in which Riggs Bank staff administered the accounts of, among others, Augusto Pinochet, the former President of Chile and Te...

CAFP,Certified AML and Fraud Professional 2023/ 2024 Exam |Grade A |Questions and Verified Answers| 100% Correct (New 2023/ 2024 Update) QUESTION How does the new message format for cover payments, MT 202 COV, assist in monitoring funds transfers for criminal activity? Answer: identifies the originator and beneficiary of the funds transfer and therefore allows the intermediary bank to monitor or filter payment information. QUESTION Informal Value Transfer Systems (IV...

CAFP Fraud Study Set Questions and answers latest update

CAFP Fraud Study Set