Aml exam 2 - Study guides, Class notes & Summaries

AML EXAM 1 QUESTIONS WITH 100% CORRECT ANSWERS 3 Stages of Money Laundering - answer1. Placement 2. Layering 3. Integration Three things that might be done during the course of laundering money. - answera. Depositing money into a bank account b. Buying high-end goods c. Sending money abroad T/F Accepting money derived from illegal sources makes you an accomplice to money laundering. - answerTrue What is the goal of the Placement stage? - answerGetting the money into the financial sys...

CPHON Exam 195 Questions with Verified Answers Classification of Methotrexate - CORRECT ANSWER antimetabolite (s-phase) Classification of mercaptopurine and thioguinine - CORRECT ANSWER antimetabolite(s-phase) Classification of fludarabine/nelarabine - CORRECT ANSWER anti-metabolite Classification of cytarabine/gemcitabine - CORRECT ANSWER antimetabolite Classification and sub-class of ironotecan/topotecan - CORRECT ANSWER Topoisomerase inhibitors (campotothecins) Classificatio...

AML Exam 2 Questions and Answers | Latest Version | 2024/2025 | Already Passed What is the primary function of a transaction monitoring system in anti-money laundering (AML) efforts? - To enforce regulations - To manage customer relationships To detect and report suspicious transactions - To handle customer complaints Which entity is typically responsible for setting AML regulatory standards in a country? - Financial institutions - Individual banks - International organization...

AML EXAM 2 QUESTIONS WITH 100% CORRECT ANSWERS The Office of Foreign Assets Control (OFAC) is allowed to impose sanctions against certain foreign countries. A. True B. False - answerA The Financial Action Task Force (FATF) is best known for what? A. Passing EU-Wide laws and policies on AML B. Issuing AML/CTF recommendations for countries to follow C. Having several subgroups D. Establishing the definition of counter terrorist financing - answerB The Third EU Directive defined "money ...

AML EXAM 2 QUESTIONS WITH 100% CORRECT ANSWERS The Office of Foreign Assets Control (OFAC) is allowed to impose sanctions against certain foreign countries. A. True B. False - answerA The Financial Action Task Force (FATF) is best known for what? A. Passing EU-Wide laws and policies on AML B. Issuing AML/CTF recommendations for countries to follow C. Having several subgroups D. Establishing the definition of counter terrorist financing - answerB The Third EU Directive defined "money ...

AML EXAM 2 QUESTIONS WITH 100% CORRECT ANSWERS The Office of Foreign Assets Control (OFAC) is allowed to impose sanctions against certain foreign countries. A. True B. False - answerA The Financial Action Task Force (FATF) is best known for what? A. Passing EU-Wide laws and policies on AML B. Issuing AML/CTF recommendations for countries to follow C. Having several subgroups D. Establishing the definition of counter terrorist financing - answerB The Third EU Directive defined "money ...

AML Exam (CE) Questions and Answers 2023 1. The information an insurance agent must collect for customer identification purposes depends on a. the amount of money the customer is worth. b. The amount of money the customer spends. c. whether the insurance product the customer is purchasing at a low or high risk for money laundering. d. the size and resources of the insurance company. c. Whether the insurance product under consideration is at a low or high risk for money laundering 2....

AML EXAM 2 Questions With 100% Correct Answers FATF fulfills its stated objectives by monitoring implementation of the FATF Recommendations among its members through what - answerCompliance assessment and effectiveness assessment Which is true: 1. Egmont membership comprises national FIUs 2. Wolfsberg membership comprises central bank governors of G10 3. EU recommends legislation to be passed in member countries 4. Basel Committee levies fines on the member countries for non-compliance ...

AML EXAM 2 Questions With 100% Correct Answers FATF fulfills its stated objectives by monitoring implementation of the FATF Recommendations among its members through what - answerCompliance assessment and effectiveness assessment Which is true: 1. Egmont membership comprises national FIUs 2. Wolfsberg membership comprises central bank governors of G10 3. EU recommends legislation to be passed in member countries 4. Basel Committee levies fines on the member countries for non-compliance ...

AML EXAM 2 Questions With 100% Correct Answers FATF fulfills its stated objectives by monitoring implementation of the FATF Recommendations among its members through what - answerCompliance assessment and effectiveness assessment Which is true: 1. Egmont membership comprises national FIUs 2. Wolfsberg membership comprises central bank governors of G10 3. EU recommends legislation to be passed in member countries 4. Basel Committee levies fines on the member countries for non-compliance ...