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[Show more]C 
The USA PATRIOT Act was passed in: 
 
A) 1970 
 
B) 1985 
 
C) 2001 
 
D) 2007 
 
 
 
D 
The three stages of money laundering are: 
 
A) Layering, Placement, Refining 
 
B) Placement, Refining, Integration 
 
C) Refining. Integration, Layering 
 
D) Integration, Layering, Placement 
 
 
 
D 
Whic...
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Add to cartC 
The USA PATRIOT Act was passed in: 
 
A) 1970 
 
B) 1985 
 
C) 2001 
 
D) 2007 
 
 
 
D 
The three stages of money laundering are: 
 
A) Layering, Placement, Refining 
 
B) Placement, Refining, Integration 
 
C) Refining. Integration, Layering 
 
D) Integration, Layering, Placement 
 
 
 
D 
Whic...
Which of the following is the most common method of laundering money through a legal money services business? 
A. Exchanging currency and remitting money 
B. Smuggling bulk cash 
C. Transferring funds through payable through accounts (PTAs) 
D. Exchanging Colombian pesos on the black market 
a 
 
 
...
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Add to cartWhich of the following is the most common method of laundering money through a legal money services business? 
A. Exchanging currency and remitting money 
B. Smuggling bulk cash 
C. Transferring funds through payable through accounts (PTAs) 
D. Exchanging Colombian pesos on the black market 
a 
 
 
...
Money Laundering involves 
taking criminal proceeds and disguising their illegal sources in order to use the funds to perform legal or illegal activiites. 
 
 
 
Formed in 1989 
Financial Action Task Force (FATF) 
 
 
 
Financial Action Task Force (FATF) is an 
inter-government body comprising the g...
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Add to cartMoney Laundering involves 
taking criminal proceeds and disguising their illegal sources in order to use the funds to perform legal or illegal activiites. 
 
 
 
Formed in 1989 
Financial Action Task Force (FATF) 
 
 
 
Financial Action Task Force (FATF) is an 
inter-government body comprising the g...
Which of the following is the most common method of laundering money through a legal money services business? 
Purchasing structured money instruments 
 
 
 
In general, the 3 phases of money laundering are said to be: Placement; 
Layering and integration 
 
 
 
Which statement is true? 
Bust-out sc...
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Add to cartWhich of the following is the most common method of laundering money through a legal money services business? 
Purchasing structured money instruments 
 
 
 
In general, the 3 phases of money laundering are said to be: Placement; 
Layering and integration 
 
 
 
Which statement is true? 
Bust-out sc...
FATF objectives are to set standards and promote effective implementation of _________, ____________, and ___________ for combatting ML, TF and other related threats. 
legal, regulatory and operational measures 
 
 
 
Starting with its own members, FATF: 
Monitors countries' progress in implementin...
Preview 3 out of 19 pages
Add to cartFATF objectives are to set standards and promote effective implementation of _________, ____________, and ___________ for combatting ML, TF and other related threats. 
legal, regulatory and operational measures 
 
 
 
Starting with its own members, FATF: 
Monitors countries' progress in implementin...
Pros of Risk Based Approach 
-Flexible: as ML/TF risk vary across jurisdictions, customers, products and delivery channels, and over time 
-Effective: As companies are better equipped than legislators to effectively assess and mitigate the particular ML/TF risks they face. 
-Proportionate: A risk ba...
Preview 3 out of 27 pages
Add to cartPros of Risk Based Approach 
-Flexible: as ML/TF risk vary across jurisdictions, customers, products and delivery channels, and over time 
-Effective: As companies are better equipped than legislators to effectively assess and mitigate the particular ML/TF risks they face. 
-Proportionate: A risk ba...
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