Aml and sars - Study guides, Class notes & Summaries

AML and SARS questions and answers

What are the 3 fraud risk factors? - correct answer -Fraud Event Risk -Customer Experience -Regulatory Compliance What are the 3 fraud management levers? - correct answer -Prevention -Detection -Response What is the fastest growing crime in America? - correct answer identity theft What are the 2 main providers for wire transfers? - correct answer Fedwire & CHIPS What is the limit for the FBI "Financial Fraud Kill Chain" process? - correct answer $50,00 or more for...

What do functional regulators measure? - ANSWER-They measure programs. True or False. Compliance programs must be written. - ANSWER-true What does the FFIEC create? - ANSWER-A Common Program/ testing tool What does FFIEC stand for? - ANSWER-Federal Financial Institutions Examination Council What were some common themes in the consent orders that were issued? - ANSWER-lack of board supervision poor overall BSA/AML Compliance Program/ risk assessment lack of qualified personnel in key posi...

What are the 3 fraud risk factors? - correct answer -Fraud Event Risk -Customer Experience -Regulatory Compliance What are the 3 fraud management levers? - correct answer -Prevention -Detection -Response What is the fastest growing crime in America? - correct answer identity theft What are the 2 main providers for wire transfers? - correct answer Fedwire & CHIPS What is the limit for the FBI "Financial Fraud Kill Chain" process? - correct answer $50,00 or more for unauthori...

BSA 2 - BSA-AML Complying with the BSA | updated 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. - 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 cus...

When Mr. Bensone mixes laundered funds with money from legitimate commercial activities and buys a small printing business he is practicing - ANSWER-placement All of the following are descriptive of an AML program compliance officer except - ANSWER-graduate of FinCEN's AML Compliance officer program Financial institutions are required to trace the source of all funds belonging to a foreign persons or institutions when - ANSWER-A primary money laundering concern has been identified Many ...

What are the 3 fraud risk factors? correct answers -Fraud Event Risk -Customer Experience -Regulatory Compliance What are the 3 fraud management levers? correct answers -Prevention -Detection -Response What is the fastest growing crime in America? correct answers identity theft What are the 2 main providers for wire transfers? correct answers Fedwire & CHIPS What is the limit for the FBI "Financial Fraud Kill Chain" process? correct answers $50,00 or more for unauthorized w...

What are the 3 fraud risk factors? correct answers -Fraud Event Risk -Customer Experience -Regulatory Compliance What are the 3 fraud management levers? correct answers -Prevention -Detection -Response What is the fastest growing crime in America? correct answers identity theft What are the 2 main providers for wire transfers? correct answers Fedwire & CHIPS What is the limit for the FBI "Financial Fraud Kill Chain" process? correct answers $50,00 or more for unauthorized w...

1 Final Exam Study Guide Which of the following is associated with the CD10 antigen? 1. Acute myeloid leukemia 2. Acute lymphocytic leukemia 3. Chronic myeloid leukemia 4. Hodgkin lymphoma A 49-year-old male with fatigue and easy bruising is found to have terminal deoxynucleotidyl transferase (TdT) positive cells in the blood. He may have which of the following conditions? 1. Acute myelogenous leukemia 2. Hodgkin lymphoma 3. Hairy cell leukemia 4. Acute lymphoblastic leukemia A 67-y...

CAFCA Manual J36 terms Terms in this set (47) What is financial crime? Illegal activities that are usually economically motivated. What is money laundering? The process of concealing or disguising the existence, source, movement, destination, or illegal application of criminally derived property or funds to make them appear legitimate. Three stages of money laundering - Placement - Layering - Integration What is terrorist financing? Involves fund for an illegal polit...