ACAMS-Certified Anti Money Laundering Specialist Set 2

In which three situations is correspondent banking most vulnerable to money laundering? Choose 3 answers

How does a regulatory body typically obtain international assistance in a money Laundering inquiry?

What is a major money laundering risk associated with a number of prepaid cards as opposed to credit or debit cards?

An audit completed the previous week revealed that a private banking customer submitted incomplete documents when establishing an account earlier m the year.
The customer received weekly electronic fund transfers from a narcotic-producing jurisdiction. While the relationship manager who opened the account is on leave for 5 weeks, the customer requests that the institution remit a substantial sum to a country that represents a high risk of money laundering. The relationship manager is a friend of the anti-money laundering specialist. What should the anti-money laundering officer do first?

Why would a credit card account likely not be used in the placement stage of money laundering?

A compliance officer is looking to modify procedures covering correspondent banking relationships. Which three would be recommended under the Wolfsburg Principles on Correspondent Banking? Choose 3 answers

When an institution conducts an internal investigation into an account following a law enforcement inquiry, it should consider a number of factors to independently determine if the account should be dosed. Which three considerations should be made when making the determination about closing an account? Choose 3 answers

What facilitates law enforcement agent obtaining evidence from authorities in a foreign country relating to criminal activity?

Which of the following is the most common risk with a Personal or Private Investment Company (PIC)?

Pursuant to the Third European Union Money Laundering Directive, how long after being out of prominent office should a person NOT be considered to be a Politically Exposed Person (PEP)?