Customer due diligence Samenvattingen, Aantekeningen en Examens

Define "smurfing." - Answer- The use of multiple individuals and/or transactions for making cash deposits, buying monetary transactions or banks drafts in amounts under the reporting threshold. (NB: Some equate this term with structuring) What are the sections of the USA PATRIOT Act pertaining to AML due diligence? - Answer- *Section 312* -- Requirement that institutions create risk-based due diligence programs *Section 313* -- Prohibits US financial institutions from dealing with shell...

WGU C706 Secure Software Design Test Bank Solution Manual Questions and Answers 100%Verified 2024/2025. Which due diligence activity for supply chain security should occur in the initiation phase of the software acquisition life cycle? A Developing a request for proposal (RFP) that includes supply chain security risk management B Lessening the risk of disseminating information during disposal C Facilitating knowledge transfer between suppliers D Mitigating supply chain security risk by pro...

ACAMS Certification Questions and Answers 2023. Describe the three phases of money laundering. - Correct answer-• Placement is the physical disposal of cash or other assets derived from criminal activity. • Layering is the separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin of the proceeds. • Integration is supplying apparent legitimacy to illicit wealth through the re‐entry of the funds into the economy in what appe...

WGU-C706 Secure Software Design Practice Test Questions and Answers (2022/2023) (Verified Answers) Which due diligence activity for supply chain security should occur in the initiation phase of the software acquisition life cycle? Developing a request for proposal (RFP) that includes supply chain security risk management Which due diligence activity for supply chain security investigates the means by which data sets are shared and assessed? A document exchange and review Identification of...

ACAMS Certification Questions and Answers 2023. Describe the three phases of money laundering. - Correct answer-• Placement is the physical disposal of cash or other assets derived from criminal activity. • Layering is the separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin of the proceeds. • Integration is supplying apparent legitimacy to illicit wealth through the re‐entry of the funds into the economy in what appe...

ACAMS Certification Questions and Answers 2023. Describe the three phases of money laundering. - Correct answer-• Placement is the physical disposal of cash or other assets derived from criminal activity. • Layering is the separation of illicit proceeds from their source by layers of financial transactions intended to conceal the origin of the proceeds. • Integration is supplying apparent legitimacy to illicit wealth through the re‐entry of the funds into the economy in what appe...

WGU C706 Secure Software Design Test Bank Solution Manual Questions and Answers 100%Verified 2024/2025. Which due diligence activity for supply chain security should occur in the initiation phase of the software acquisition life cycle? A Developing a request for proposal (RFP) that includes supply chain security risk management B Lessening the risk of disseminating information during disposal C Facilitating knowledge transfer between suppliers D Mitigating supply chain security risk by pro...

CAFP: Certified AML and Fraud Professional 2023/ 2024 Exam |Grade A |Questions and Verified Answers| 100% Correct (Latest 2023/ 2024 Update) Q: The following two organizations specialize in conducting assessments for countries to ascertain compliance with the FATF Recommendations: Answer: • International Monetary Fund (IMF),The World Bank. Q: the following two international organizations focus on counteracting transnational illicit drugs, crime, and terrorism: Answer: •...

ACAMS Practice Exam 2024 Questions and Answers Verified | Latest 2024 Version. 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 - Correct answer-a. exchanging currency and remitting money In general, the three phases of money launder are said to be plac...

WGU C706 Secure Software Design Test Bank Solution Manual Questions and Answers 100%Verified 2024/2025. Which due diligence activity for supply chain security should occur in the initiation phase of the software acquisition life cycle? A Developing a request for proposal (RFP) that includes supply chain security risk management B Lessening the risk of disseminating information during disposal C Facilitating knowledge transfer between suppliers D Mitigating supply chain security risk by pro...