Fiu Study guides, Class notes & Summaries

C The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investigations Unit writes up a few policies and procedures and posts the...

ACAMS Exam 65 Questions with Verified Answers 1) Gold is an extremely attractive vehicle for laundering because it is relatively compact and easy to transport 2) the gold market is a target for criminal activity because it is lucrative and holds its value regardless of the form it takes - CORRECT ANSWER Name two key findings by FATF in its report on "Money Laundering/Terrorist Financing Risks...Associated with Gold" (2015) Casinos Real estate agents Lawyers, accountants, and notarie...

Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? 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 Egmont Group, Wha...

ACAMS 4 Exam 78 Questions with Verified Answer SAFE HARBOR What is a safe harbor for reporting suspicious activity? - CORRECT ANSWER Safe harbor is defined as legal protection for financial institutions, their directors, officers and employees from criminal and civil liability for breach of any restriction on disclosing information imposed by contract or by any legislative, regulatory or administrative prohibition if they report their suspicions in good faith to the Financial Investigation...

ACAMS Practice Exam 241 Questions with Verified Answers C - CORRECT ANSWER The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - CORRECT ANSWER The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - CORRECT ANSWER Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAM...

1. Which of the following is the most common method of laundering money through a legal money services business? A. Purchasing structured money instruments. B. Smuggling bulk-cash. C. Transferring funds through Payable Through Accounts (PTAs). D. Exchanging Colombian pesos on the black market. - Correct answer-A 2. In general, the three phases of money laundering are said to be: Placement: A. Structuring and manipulation. B. Layering and integration. C. Layering and smurfing. D. Integr...

What are three indicators of money laundering associated with using electronic funds transfers? - 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? - FI board of directors. Federal ...

FIU PARASITOLOGY ZOO 4234 FINAL REVIEW PT. 1 QUESTIONS AND ANSWERS 1. Parasitology is the study of the most common mode of life on earth, which is centered on?: Animal Parasites 2. Phoresis: "to carry" 3. Protocooperation: mutually beneficial relationship between organisms in which the interaction is not physiologically necessary for survival 4. Which of the following is not a characteristic of protocooperation?: a. sym- biotic interaction b. mutually beneficial *c. physiologically nec...

ACAMS Module 4 - Conducting and responding to investigations 37 Questions with Answers AML/CFT source of investigations - CORRECT ANSWER * Regulatory recommendations or official findings * Transaction monitoring * Referrals from customer-facing employees * Internal hotlines * Negative media information * Receipt of a governmental subpoena or search warrant Regulatory recommendations or official findings - CORRECT ANSWER Financial institutions may initiate investigative efforts bas...