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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: •...

CAFP Fraud Study Set

CAFP: Certified AML and Fraud Professional Exam Prep (Latest 2023/ 2024 Update) Questions and Verified Answers| 100% Correct Q: What 4 areas does FIN-2016-A005 address? Answer: -SARs for cyber enabled crimes -Including relevant IP addresses for SARs -Collaborating with fraud, BSA, and AML units with in house cyber security units to identify suspicious activity -Sharing information among other FI's to guard against and report money laundering, terrorism financing and cyber-enabled c...

What option describes what makes pouch activity MOST vulnerable to money laundering? - Answer- They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? - Answer- They make it easy for the money launderer to conceal the source of funds once the illicit funds are no longer in cash form. How do bulk cash shipments occur? - Answer- Between two banks even when the receiving bank does not take phy...

What are the 3 fraud risk factors? - correct answer -Fraud Event Risk -Customer Experience -Regulatory Compliance What are the 3 fraud management levers? - correct answer -Prevention -Detection -Response What is the fastest growing crime in America? - correct answer identity theft What are the 2 main providers for wire transfers? - correct answer Fedwire & CHIPS What is the limit for the FBI "Financial Fraud Kill Chain" process? - correct answer $50,00 or more for...

CAFP Questions and Answers Rated A+ 100% Verified 2023

CAFP Fraud Study Set Questions and answers latest update

Altered Card - CORRECT ANSCriminals changed embossing then recycled card but didn't wipe magnetic strip. Detected by receipt printing different number than embossed on the card. CVV or CVC - CORRECT ANSCard verification value or code - track data located in magnetic strip but not printed on the card, could still be circumvented. CPP - CORRECT ANSCommon Point of Purchase - identified CPP so card issuers could take steps to proactively issuing new cards. PCI - CORRECT ANSFive major card ne...

CAFP 1 Latest Exam Questions With Answers...

What option describes what makes pouch activity MOST vulnerable to money laundering? - They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? - They make it easy for the money launderer to conceal the source of funds once the illicit funds are no longer in cash form. How do bulk cash shipments occur? - Between two banks even when the receiving bank does not take physical possession of th...