Fiu Study guides, Class notes & Summaries

********ACAMS (Test Review)********* Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? ANSWER- AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financial institution preventative measures. Transparency & beneficial ownership of legal persons & arrangements. Powers & responsibilities of competent authorities & other institutional measures. International cooper...

ACAMS (Test Review)2023 updated already passedIdentify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - correct answer AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financial institution preventative measures. Transparency & beneficial ownership of legal persons & arrangements. Powers & responsibilities of competent authorities & other institutional measures. Inter...

A stereotype is a type of__. - ANSWER-schema Many of us believe that we see things and events exactly as they are (without any cognitive "filtering"). This is known as _____. - ANSWER-naïve realism Naturalistic fallacy is the claim that _____. - ANSWER-the way things are is the way they should be The statement "humans are cognitive misers" means that people _____. - ANSWER-don't want to expend more cognitive resources than necessary With confirmation bias, people _____. (Select...

Virulence deals with the consequences of a parasite on the hosts _________. a) anatomy b) behavior c) reproductive success d) physiology e) all of the above Which of the following is not a characteristic of Platyhelminthes? a) most are parasitic b) dorsoventrally flattened c) triploblastic d) pseudocoelomate e) all of the above Which of the following is not a class belonging to the phylum Platyhelminthes? a) Turbellaria b) Monogenea c) Cestoidea

QUESTIONS AND ANSWERS

Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? Correct Answer: AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financial institution preventative measures. Transparency & beneficial ownership of legal persons & arrangements. Powers & responsibilities of competent authorities & other institutional measures. International cooperation. According to the Egmo...

What are three indicators of money laundering associated with using electronic funds transfers? - Answer-Funds transfers to or from financial secrecy haven without an apparent business reason. Funds transfers are received or sent from the same person to or from different accounts. Payments or receipts with no apparent link to legitimate contract goods or services On who does the ultimate responsibility for an institution's anti-money laundering program rest? - Answer-FI board of directors....

Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? Correct Answer: AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financial institution preventative measures. Transparency & beneficial ownership of legal persons & arrangements. Powers & responsibilities of competent authorities & other institutional measures. International cooper...

ACAMS Exam Review 2023 Define "smurfing." - 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? - *Section 312* -- Requirement that institutions create risk-based due diligence programs *Section 313* -- Prohibits US financial institutions from dealing wi...

ACAMS Exam Review 70 Questions with Verified Answers Define "smurfing." - CORRECT 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? - CORRECT ANSWER *Section 312* -- Requirement that institutions create risk-based due diligence programs *Sec...