An incoming urgent international wire transfer in U.S. dollars has been identified by the sanctions screening team. The transaction is a large rounded amount and the name of the beneficiary is “North Korean Cigars Company” with an address in an
What does the Financial Action Task Force (FATF) urge its members and all other jurisdictions to do when a jurisdiction is identified as having lax anti-money laundering / counter financing of terrorism controls?
A. Apply counter-measures to that jurisdiction
What might limit a compliance officer’s ability to respond to a foreign law enforcement official’s request to provide information with regard to an anti-money laundering investigation?
A. Privacy and data protection laws in the compliance officer’s country
B. Whether there
A periodic review of the account of a small household goods business reveals multiple shipments of goods to a country classified by the bank as high risk. They were transshipped through another country prior to the final destination. In the
Which three definitions of money laundering are included in the expanded definition of the European Union Fourth Directive? (Choose three.)
A. The creation of shell companies to disguise the identity of its owners
B. The conversion or transfer of property