ANTI MONEY LAUNDERING ANTI MONEY LAUNDERING
ACTUAL COMPLETE EXAM|WITH ACCURATE QUESTIONS
AND VERIFIED ANSWERS|GRADED A
_____ includes representatives from various countries cooperating to
combat money laundering. Ans ✓✓✓ *FATF*
______ involves moving funds around in the financial system to obscure
the paper trail and sever the link with the original illegal source Ans
✓✓✓ *Layering*
A business customer makes several cash deposits on the same day for a
total of $12,500 Ans ✓✓✓ CTR report
A CD is essentially a risk-free form of loan collateral. Ans ✓✓✓
*False*
A customer has a pattern of making cash deposits just under the
reporting requirements Ans ✓✓✓ SAR
A customer purchases $6,500 dollars of traveler's checks with cash Ans
✓✓✓ $3000 cash rule
A few days later, Kate Smith approaches an investment services
employee at the bank and identifies herself as an accountant for First
Place Marina. Against the investment services employee's advice, Ms.
Smith decides to purchase $100,000 of stock in a company that only
, recently joined NYSE. What role is Ms. Smith playing in this money-
laundering ring? Ans ✓✓✓ *Gatekeeper*
A possible placement method lenders must be aware of is loans with
short terms for permanent mortgage financing. Ans ✓✓✓ *true*
A professional services provider such as a lawyer, accountant, or
financial adviser, who helps a criminal move money is called a(n): Ans
✓✓✓ *Gatekeeper*
A week later, the shares of the stock have increased by 2%. It's early in
the morning in Los Angeles when Kate Smith calls Frank Miller to
inform him that she just sold the stock for a modest profit and the
proceeds will be wired to Frank. Frank thanks Kate for a job well done.
What has the sale of the stock accomplished? Ans ✓✓✓ *Integration of
illegal funds into the mainstream financial market*
A(n) ________ banking relationship is created when an institution sells
its services (such as foreign exchange transactions, domestic or
international payments, or credit) to another institution. Ans ✓✓✓
*Correspondent*
An attempt to avoid large currency reporting by breaking a single large
transaction into multiple smaller transactions is: Ans ✓✓✓ *structuring*
ACTUAL COMPLETE EXAM|WITH ACCURATE QUESTIONS
AND VERIFIED ANSWERS|GRADED A
_____ includes representatives from various countries cooperating to
combat money laundering. Ans ✓✓✓ *FATF*
______ involves moving funds around in the financial system to obscure
the paper trail and sever the link with the original illegal source Ans
✓✓✓ *Layering*
A business customer makes several cash deposits on the same day for a
total of $12,500 Ans ✓✓✓ CTR report
A CD is essentially a risk-free form of loan collateral. Ans ✓✓✓
*False*
A customer has a pattern of making cash deposits just under the
reporting requirements Ans ✓✓✓ SAR
A customer purchases $6,500 dollars of traveler's checks with cash Ans
✓✓✓ $3000 cash rule
A few days later, Kate Smith approaches an investment services
employee at the bank and identifies herself as an accountant for First
Place Marina. Against the investment services employee's advice, Ms.
Smith decides to purchase $100,000 of stock in a company that only
, recently joined NYSE. What role is Ms. Smith playing in this money-
laundering ring? Ans ✓✓✓ *Gatekeeper*
A possible placement method lenders must be aware of is loans with
short terms for permanent mortgage financing. Ans ✓✓✓ *true*
A professional services provider such as a lawyer, accountant, or
financial adviser, who helps a criminal move money is called a(n): Ans
✓✓✓ *Gatekeeper*
A week later, the shares of the stock have increased by 2%. It's early in
the morning in Los Angeles when Kate Smith calls Frank Miller to
inform him that she just sold the stock for a modest profit and the
proceeds will be wired to Frank. Frank thanks Kate for a job well done.
What has the sale of the stock accomplished? Ans ✓✓✓ *Integration of
illegal funds into the mainstream financial market*
A(n) ________ banking relationship is created when an institution sells
its services (such as foreign exchange transactions, domestic or
international payments, or credit) to another institution. Ans ✓✓✓
*Correspondent*
An attempt to avoid large currency reporting by breaking a single large
transaction into multiple smaller transactions is: Ans ✓✓✓ *structuring*
