Cafp Study guides, Class notes & Summaries

CAFP Questions and answers latest update

What option describes what makes pouch activity MOST vulnerable to money laundering? correct answers They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? correct answers 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? correct answers Between two banks even when the receiving bank...

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...

Fraud Risk Factors - correct answer Fraud event, customer experience and regulatory compliance Fraud Levers - correct answer Prevention, Detection, Response First Party Fraud - correct answer Individual who unjustly profits from fraud or misuse of account in own identity at the bank Third Party Fraud - correct answer Occurs when someone other than the applicant or account owner is responsible for fraud behavior Fraud Management Program - correct answer Exposure to fraud varies based ...

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

CAFP 1 | questions and answers | updated 2024

What option describes what makes pouch activity MOST vulnerable to money laundering? - correct answer They enable money launderers to structure using monetary instruments. Which option describes why U.S. dollar drafts are MOST vulnerable to money laundering? - correct 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? - correct answer Between two banks even when the receiving b...

CAFP Exam Questions and answers latest update

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 unauthori...