Aml bsa compliance - Study guides, Class notes & Summaries

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...

CRCM Exam 2023 Questions and Answers| latest updateCRCM Exam 2023 Questions and Answers| latest update When developing a training plan for commercial lenders, which of the following regulations is least important to include? - ANSWER Truth in Lending Act, CFPB Regulation Z The federal banking agencies have proposed an amendment to Regulation Z that would require a new early disclosure statement for loans secured by the borrower's principal dwelling. After reading the proposed change, what...

What is money laundering? Claiming illegal funds as a legitimate business transaction Who oversees money laundering? federal regulations like the USA PATRIOT Act, What is AML mean? AML refers collectively to laws, policies, and company programs intended to deter and detect money laundering. The first stage in the money laundering process is called? placement What does placement mean? brings the illicit cash into the legal financial system What is structuri...

APRP 2023 Exam Review Sample Test Questions with correct Answers A check is not considered a negotiable instrument under Regulation CC if it... Is not printed with MICR Ink FedWire Funds are final and irrevocable upon completion of processing by the... Federal Reserve Banks A security procedure is not considered commercially reasonable for a wire transfer if... The security procedure is only compared to a signature Real-time Payments (RTP) allows a financial institution...

CPHON Chemo Exam 99 Questions with Verified Answers Which Chemo agent is associated with a high risk for hypersensitivity reaction? A. Methotrexate B. Carboplatin C. Cytarabine D. Busulfan - CORRECT ANSWER B Before a patient is to receive intrathecal Chemo: A. Ensure developmentally appropriate patient teaching is completed B. Verify the patient's white blood cell count C. Ensure other chemo agents are available to administer D. Apply LMX cream between L5-L7 - CORRECT ANSWER ...

A financial institution offers residential loans. After reading a new regulation that expands HOEPA coverage, the compliance officer analyzes the institution's lending portfolio and determines that no existing loans are covered. The compliance officer should NEXT _______ a. advise management to sell that portion of the mortgage portfolio. b. incorporate the new HOEPA triggers into existing training and procedures. c. purchase new software that identifies HOEPA covered loans. d. draft a po...

APRP 2019(updated) Exam Review Sample Test fully solvedA check is not considered a negotiable instrument under Regulation CC if it... Is not printed with MICR Ink FedWire Funds are final and irrevocable upon completion of processing by the... Federal Reserve Banks A security procedure is not considered commercially reasonable for a wire transfer if... The security procedure is only compared to a signature Real-time Payments (RTP) allows a financial institution to limit ...

BSA 1 - BSA-AML Overview Questions with 100% Correct Answers | Latest Version 2024 | Verified 1. Which statement best describes the intent of the Bank Secrecy Act (BSA)? A. To make money laundering more difficult and to prevent banks from becoming unknowing intermediaries in illicit activity B. To mandate that all persons must be treated fairly when applying for credit C. To coordinate housing data for purposes of identifying possible discriminatory housing practices D. To require that b...

Which of the following countries are currently subject to the Office of Foreign Assets Control Regulations? a. North Korea b. Jordan c. Bahrain d. Russia - ANS-a. North Korea ** North Korea is covered under OFAC regulations, pursuant to the Trading with the Enemy Act, the Anti-Terrorism Act, and the Effective Death Penalty Act. What should a bank do when it receives a request from a customer to transfer funds to an individual in Iran? a. Conduct the transfer as requested. b. Conduc...

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...