Question 1 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A legal instrument which is executed between two nations and governs cross-border information sharing is known as a: A. Memorandum of agreement B. Declaration of understanding C. Mutual legal assistance treaty D. Request for urgent information E. Memorandum of understanding Submit Answer
Question 2 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link What are the roles of a government Financial Intelligence Unit? A. Disseminate analysis of suspicious transaction and suspicious activity reports to foreign judicial systems to enhance their anti-money laundering and terrorist financing investigations and prosecutions B. Receive reports of suspicious transactions and suspicious activities from reporting institutions or obliged institutions C. Investigate and where appropriate prosecute all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions D. Analyze all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions E. Disseminate the analysis of suspicious transaction and suspicious activity reports to local law enforcement agencies and foreign FIUs to combat money laundering Submit Answer
Question 3 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link What is a name for this typology? A. Bid-ask spread B. Reverse flip C. Wash trading D. Short position Submit Answer
Question 4 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link Which of the following statements is true regarding the 2012 Financial Action Task Force 40 Recommendations and/or 11 Immediate Outcomes? A. Each jurisdiction can reach out to the FATF for private access to the interpretive notes to the 40 Recommendations B. The 11 Immediate Outcomes are recommendations specific to high-risk jurisdictions requiring enhanced monitoring C. The 40 Recommendations have not been updated to reflect the impact of new technology D. The cornerstone of the 40 Recommendations is the adoption of a risk-based approach by each jurisdiction Submit Answer
Question 5 of 5 Share Facebook Twitter LinkedIn WhatsApp Email Copy Link A financial institution's policy is to apply enhanced due diligence for every new client to ensure the effectiveness of the program. How should a consultant advise the FI's management team? A. Suggest EDD for 50% of the clients is appropriate B. Suggest the FI needs to implement a risk-based approach for EDD C. Suggest the management team select the clients that are chosen for EDD D. Suggest the management team ask the regulator for advice on EDD measures Submit Answer