CAFP 1 exam with complete solutions
j j j j j j
What joption jdescribes jwhat jmakes jpouch jactivity jMOST jvulnerable jto jmoney
jlaundering? j- jANSWER✓✓-They jenable jmoney jlaunderers jto jstructure jusing
jmonetary jinstruments.
Which joption jdescribes jwhy jU.S. jdollar jdrafts jare jMOST jvulnerable jto jmoney
jlaundering? j- jANSWER✓✓-They jmake jit jeasy jfor jthe jmoney jlaunderer jto
jconceal jthe jsource jof jfunds jonce jthe jillicit jfunds jare jno jlonger jin jcash jform.
How jdo jbulk jcash jshipments joccur? j- jANSWER✓✓-Between jtwo jbanks jeven
jwhen jthe jreceiving jbank jdoes jnot jtake jphysical jpossession jof jthe jcurrency
jand jthe jcurrency jgoes jto jthe jFederal jReserve.
Which jparties jmay jbe jinvolved jin jbulk jcash jshipments? j- jANSWER✓✓-The
jshipper, jthe jcommon jcarrier, jand jthe jconsignee.
The jCTR jexemption jprocess jdivides jbusinesses jinto jtwo jcategories, jPhase jI
jand jPhase jII. jWhich jtype jof jentity jwould jbe jeligible jfor ja jPhase jI jexemption? j-
jANSWER✓✓-Starbucks jExpress, ja jsubsidiary jof jStarbucks.
A jdomestic jcorrespondent jaccount jis jan jaccount j__________. j- jANSWER✓✓-
Held jby jone jdomestic jbank jwith janother jdomestic jbank.
Which jinternational jpartner jin jthe jAML jnetwork jprovides ja jforum jfor jFIUs jto
jimprove jinternational jAML/CFT jcooperation jand jto jpromote jthe jimplementation
jof jdomestic jprograms jin jthis jfield? j- jANSWER✓✓-Egmont jGroup jof jFinancial
jIntelligence jUnits.
The jfollowing jtwo jorganizations jspecialize jin jconducting jassessments jfor
jcountries jto jascertain jcompliance jwith jthe jFATF jRecommendations: j-
jANSWER✓✓-• jInternational jMonetary jFund j(IMF),The jWorld jBank.
the jfollowing jtwo jinternational jorganizations jfocus jon jcounteracting
jtransnational jillicit jdrugs, jcrime, jand jterrorism: j- jANSWER✓✓-•Organization jfor
jEconomic jCo-operation jand jDevelopment j(OECD)
•United jNations jOffice jon jDrug jand jCrime j(UNODC).
, Which jtwo jorganizations jprovide jtechnical jassistance jto jmember jcountries jfor
jthe jassessment jof jtheir jcompliance jwith jthe jinternational jstandard jas
jcontained jin jthe jFATF jRecommendations? j- jANSWER✓✓-International
jMonetary jFund j(IMF) jand jThe jWorld jBank j(Financial jMarket jIntegrity jGroup).
Which jthree joptions jidentify jaims jof jthe jUNODC jwork jprogram? j- jANSWER✓✓-
Assist jwith jincreasing jspecialized jexpertise jand jskills jof jcriminal jjustice
jofficials, jEnhance jinternational jand jregional jcooperation jin jcombating jthe
jfinancing jof jterrorism jthrough jinformation jexchange jand jmutual jlegal
jassistance, jStrengthen jlegal, jfinancial jand joperational jcapacities jto jdeal
jeffectively jwith jmoney-laundering jand jthe jfinancing jof jterrorism.
Among jthe jinternational jpartners jin jAML, jwhich jtwo jorganizations jfocus
jprimarily jon jtax jand janti-money jlaundering jpractices jand jfighting jtransnational
jcrimes, jincluding jillicit jdrugs, jcrime jand jterrorism? j- jANSWER✓✓-OECD,
j(UNODC).
IMF? j- jANSWER✓✓-focuses jon jAML/CFT jtechnical jassistance jand jthe
jassessment jof jmember jcountries' jcompliance jwith jthe jFATF
jRecommendations.
Egmont jGroup? j- jANSWER✓✓-primary jrole jis jto jpromote jthe jdevelopment jof
jFIUs jand jfacilitate jtheir jcooperation jin jthe jareas jof jinformation jexchange,
jtraining, jand jthe jsharing jof jexpertise.
What jentities jcomprise jthe jBasel jCommittee jon jBanking jSupervision? j-
jANSWER✓✓-Central jbanks.
Which jinternational jorganization jfocuses jits janti-money jlaundering j(AML)
jefforts jprimarily jon jcustomer jdue jdiligence? j- jANSWER✓✓-The jBasel
jCommittee jon jBanking jSupervision.
In jwhat jway jdid jthe jFinancial jAction jTask jForce j(FATF) jmethodology jfor
jconducting jmutual jevaluations jchange jin j2012? j- jANSWER✓✓-FATF jnow jadds
jan jeffectiveness jassessment jas ja jnew jcomponent.
Which joption jdescribes jthe jwork jof jthe jWolfsberg jGroup? j- jANSWER✓✓-To
jdevelop jframeworks jand jguidance jfor jthe jmanagement jof jfinancial jcrime jrisks,
jparticularly jwith jregard jto jKnow jYour jCustomer.
Which joption jidentifies jthe jtwo jinternational jorganizations jthat jrun jthe jStolen
jAsset jRecovery j(StAR) jInitiative? j- jANSWER✓✓-The jWorld jBank jand jthe
jUnited jNations jOffice jon jDrug jand jCrime j(UNODC).
j j j j j j
What joption jdescribes jwhat jmakes jpouch jactivity jMOST jvulnerable jto jmoney
jlaundering? j- jANSWER✓✓-They jenable jmoney jlaunderers jto jstructure jusing
jmonetary jinstruments.
Which joption jdescribes jwhy jU.S. jdollar jdrafts jare jMOST jvulnerable jto jmoney
jlaundering? j- jANSWER✓✓-They jmake jit jeasy jfor jthe jmoney jlaunderer jto
jconceal jthe jsource jof jfunds jonce jthe jillicit jfunds jare jno jlonger jin jcash jform.
How jdo jbulk jcash jshipments joccur? j- jANSWER✓✓-Between jtwo jbanks jeven
jwhen jthe jreceiving jbank jdoes jnot jtake jphysical jpossession jof jthe jcurrency
jand jthe jcurrency jgoes jto jthe jFederal jReserve.
Which jparties jmay jbe jinvolved jin jbulk jcash jshipments? j- jANSWER✓✓-The
jshipper, jthe jcommon jcarrier, jand jthe jconsignee.
The jCTR jexemption jprocess jdivides jbusinesses jinto jtwo jcategories, jPhase jI
jand jPhase jII. jWhich jtype jof jentity jwould jbe jeligible jfor ja jPhase jI jexemption? j-
jANSWER✓✓-Starbucks jExpress, ja jsubsidiary jof jStarbucks.
A jdomestic jcorrespondent jaccount jis jan jaccount j__________. j- jANSWER✓✓-
Held jby jone jdomestic jbank jwith janother jdomestic jbank.
Which jinternational jpartner jin jthe jAML jnetwork jprovides ja jforum jfor jFIUs jto
jimprove jinternational jAML/CFT jcooperation jand jto jpromote jthe jimplementation
jof jdomestic jprograms jin jthis jfield? j- jANSWER✓✓-Egmont jGroup jof jFinancial
jIntelligence jUnits.
The jfollowing jtwo jorganizations jspecialize jin jconducting jassessments jfor
jcountries jto jascertain jcompliance jwith jthe jFATF jRecommendations: j-
jANSWER✓✓-• jInternational jMonetary jFund j(IMF),The jWorld jBank.
the jfollowing jtwo jinternational jorganizations jfocus jon jcounteracting
jtransnational jillicit jdrugs, jcrime, jand jterrorism: j- jANSWER✓✓-•Organization jfor
jEconomic jCo-operation jand jDevelopment j(OECD)
•United jNations jOffice jon jDrug jand jCrime j(UNODC).
, Which jtwo jorganizations jprovide jtechnical jassistance jto jmember jcountries jfor
jthe jassessment jof jtheir jcompliance jwith jthe jinternational jstandard jas
jcontained jin jthe jFATF jRecommendations? j- jANSWER✓✓-International
jMonetary jFund j(IMF) jand jThe jWorld jBank j(Financial jMarket jIntegrity jGroup).
Which jthree joptions jidentify jaims jof jthe jUNODC jwork jprogram? j- jANSWER✓✓-
Assist jwith jincreasing jspecialized jexpertise jand jskills jof jcriminal jjustice
jofficials, jEnhance jinternational jand jregional jcooperation jin jcombating jthe
jfinancing jof jterrorism jthrough jinformation jexchange jand jmutual jlegal
jassistance, jStrengthen jlegal, jfinancial jand joperational jcapacities jto jdeal
jeffectively jwith jmoney-laundering jand jthe jfinancing jof jterrorism.
Among jthe jinternational jpartners jin jAML, jwhich jtwo jorganizations jfocus
jprimarily jon jtax jand janti-money jlaundering jpractices jand jfighting jtransnational
jcrimes, jincluding jillicit jdrugs, jcrime jand jterrorism? j- jANSWER✓✓-OECD,
j(UNODC).
IMF? j- jANSWER✓✓-focuses jon jAML/CFT jtechnical jassistance jand jthe
jassessment jof jmember jcountries' jcompliance jwith jthe jFATF
jRecommendations.
Egmont jGroup? j- jANSWER✓✓-primary jrole jis jto jpromote jthe jdevelopment jof
jFIUs jand jfacilitate jtheir jcooperation jin jthe jareas jof jinformation jexchange,
jtraining, jand jthe jsharing jof jexpertise.
What jentities jcomprise jthe jBasel jCommittee jon jBanking jSupervision? j-
jANSWER✓✓-Central jbanks.
Which jinternational jorganization jfocuses jits janti-money jlaundering j(AML)
jefforts jprimarily jon jcustomer jdue jdiligence? j- jANSWER✓✓-The jBasel
jCommittee jon jBanking jSupervision.
In jwhat jway jdid jthe jFinancial jAction jTask jForce j(FATF) jmethodology jfor
jconducting jmutual jevaluations jchange jin j2012? j- jANSWER✓✓-FATF jnow jadds
jan jeffectiveness jassessment jas ja jnew jcomponent.
Which joption jdescribes jthe jwork jof jthe jWolfsberg jGroup? j- jANSWER✓✓-To
jdevelop jframeworks jand jguidance jfor jthe jmanagement jof jfinancial jcrime jrisks,
jparticularly jwith jregard jto jKnow jYour jCustomer.
Which joption jidentifies jthe jtwo jinternational jorganizations jthat jrun jthe jStolen
jAsset jRecovery j(StAR) jInitiative? j- jANSWER✓✓-The jWorld jBank jand jthe
jUnited jNations jOffice jon jDrug jand jCrime j(UNODC).
