What are the roles of a government Financial Intelligence Unit (FIU)? (Select Three.)

Question 1

Question 1 of 5

What are the roles of a government Financial Intelligence Unit (FIU)? (Select Three.)

Answer

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. Disseminate the analysis of suspicious transaction and suspicious activity reports to local law enforcement agencies and foreign FIUs to combat money laundering

C. Receive reports of suspicious transactions and suspicious activities from reporting institutions or obliged institutions

D. Analyze all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions

E. Investigate and where appropriate prosecute all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions

Question 2

Question 2 of 5

Answer

A. FIU cooperation should always be channeled through designated intermediaries.

B. Eliminating spontaneous information sharing between FIUs to reduce the burden of excess investigative work.

C. Formal Egmont Group membership requirements ensure a high commitment of the eligible FIUs.

D. It is within an FIU's authority to sign Memorandums of Understanding independently.

E. Information exchange should take place informally, without too many formal prerequisites.

Question 3

Question 3 of 5

Answer

A. The vendor has no individuals that own or control more than 10% of the company.

B. The vendor's sales representative was a refugee from a sanctioned jurisdiction as a child.

C. The vendor provides services to end users located in an area subject to economic sanctions.

D. The vendor is organized as a privately held company.

Question 4

Question 4 of 5

Answer

A. directly contact financial institutions in another country and share information pertinent to the investigation.

B. deputize its law enforcement investigators to assist in a material ongoing investigation in another country.

C. directly contact other FIUs in another country and share information pertinent to the investigation.

D. assist law enforcement in another country with a material ongoing investigation.

Question 5

Question 5 of 5

Answer

A. using loans backed by cash or certificates of deposit.

B. using the proceeds from selling a prior property or liquidating investments to make an all-cash purchase.

C. using shell companies or trusts for privacy, tax planning, or asset protection.

D. using legal entities and intermediaries to protect the privacy of the purchasers.

E. in the names of unrelated third parties.

What are the roles of a government Financial Intelligence Unit (FIU)? (Select Three.)

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. Disseminate the analysis of suspicious transaction and suspicious activity reports to local law enforcement agencies and foreign FIUs to combat money laundering

C. Receive reports of suspicious transactions and suspicious activities from reporting institutions or obliged institutions

D. Analyze all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions

E. Investigate and where appropriate prosecute all suspicious transaction and suspicious activity reports received from reporting institutions or obliged institutions

Which principles of the Egmont Group of Financial Intelligence Units (FIUs) are aimed at maximizing cooperation between FIUs to more effectively combat money laundering? (Select Two.)

A. FIU cooperation should always be channeled through designated intermediaries.

B. Eliminating spontaneous information sharing between FIUs to reduce the burden of excess investigative work.

C. Formal Egmont Group membership requirements ensure a high commitment of the eligible FIUs.

D. It is within an FIU's authority to sign Memorandums of Understanding independently.

E. Information exchange should take place informally, without too many formal prerequisites.

Which situation involving a vendor presents increased AML and/or sanctions risk to an organization?

A. The vendor has no individuals that own or control more than 10% of the company.

B. The vendor's sales representative was a refugee from a sanctioned jurisdiction as a child.

C. The vendor provides services to end users located in an area subject to economic sanctions.

D. The vendor is organized as a privately held company.

To provide aid in investigating a cross-border money laundering case, a Financial Intelligence Unit (FIU) that is a member of the Egmont Group can:

A. directly contact financial institutions in another country and share information pertinent to the investigation.

B. deputize its law enforcement investigators to assist in a material ongoing investigation in another country.

C. directly contact other FIUs in another country and share information pertinent to the investigation.

D. assist law enforcement in another country with a material ongoing investigation.

Red flags for potential money laundering in real estate include completing luxury real estate purchases: (Select Two.)

A. using loans backed by cash or certificates of deposit.

B. using the proceeds from selling a prior property or liquidating investments to make an all-cash purchase.

C. using shell companies or trusts for privacy, tax planning, or asset protection.

D. using legal entities and intermediaries to protect the privacy of the purchasers.

E. in the names of unrelated third parties.

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