This page was exported from Actual Test Materials [ http://blog.actualtests4sure.com ] Export date:Fri Nov 15 20:49:39 2024 / +0000 GMT ___________________________________________________ Title: Updated Feb 16, 2023 Certification Exam CKYCA Dumps - Practice Test Questions [Q20-Q37] --------------------------------------------------- Updated Feb 16, 2023  Certification Exam CKYCA Dumps - Practice Test Questions Updated Verified CKYCA dumps Q&As - Pass Guarantee or Full Refund NO.20 The five components of the internal control framework are the overall control environment are risk assessment, control activities, communication, regulations, quality assurance?  Yes.  No. NO.21 The Source of Funds and the Source of Wealth must be? (SELECT 2)  Provided  Explained.  Verified.  Consistant. NO.22 Who will review KYC files to determine whether you are complying with your jurisdiction’s laws and regulations  Regulators  Law Enforcement  Compliance  The KYC Analyst NO.23 A person disclosing to any other person, information or any other matter, which is likely to prejudice a money laundering investigation is known to be?  Dripping off  Ripping off  Tipping off  Dipping off NO.24 What risk increases with non-face-to-face business relationships or transactions, or when payments are sent to or received from unknown or unassociated third parties.  Financial Crime Risk.  Operational Risk.  Channel Risk  Remittance Risk NO.25 What is the Primary European Union Money Laundering regulation?  4th Anti-Money Laundering Act.  2nd Anti-Money Laundering Directive.  5th Anti-Money Laundering Directive.  3rd Anti-Money Laundering Directive  5th Anti-Money Laundering Act. NO.26 The KYC four step research is?  Assess, Organize, Explore, Past  Assess, Organize, Narrow, Present  Assess, Operations, Explore, Present  Assess, Organize, Explore, Present NO.27 What prohibits US companies and individuals from paying bribes to foreign officials in furtherance of a business deal. It has extraterritorial reach?  International Anti-Bribery Act of 1998  The Foreign Corrupt Practices Act of 1977  Bribery Act 2010  Corruption of Foreign Public Officials Act NO.28 If a customer is a PEP and they are using private wealth services from banks, and also appear to have obtained a fair amount of wealth is this a red flag?  Yes.  No.  Depends on the exact circumstances. NO.29 What industries are often exploited by criminals (SELECT 3)  Insurance.  Charities Non Profits.  Broker Dealers.  Dealers in high value goods.  Casinos. NO.30 What of the following countries are considered Tax Havens? (SELECT 2)  Barbados.  Cayman Islands.  British Virgin Islands.  United States Virgin Islands. NO.31 Delivery Channel Risk is associated with? (SELECT 3)  Correspondent banks.  Savings accounts  Payable through accounts.  Deposit accounts  Concentration accounts NO.32 What is the advantage of Bearer Shares? (SELECT 3)  Tax haven countries and their strict secrecy laws can further conceal the true ownership.  They can’t be traced to a central registry because whoever carries them is the purported owner.  They are an excellent, quick effective way to set up a business in Delaware, Nevada, and Wyoming  They can be held under agreement by professionals as another layer of secrecy.  They are a more affordable way of setting up a business in certain countries in the Caribbean. NO.33 What Boolean operator words can be used in for searching in EDD? (SELECT 2)  AND.  PLUS.  EQUAL.  OR. NO.34 Shell and Shelf Companies are usually what level of customer risk?  Low.  Medium.  High.  Immediately Rejected due to their business profile. NO.35 For secondary forms of non-documentary verification. Is the act of someone from the institution ringing up the individual and confirming the verification sufficient?  Yes.  No.  Depends on the client. NO.36 The European Union developed its 5th Money Laundering Directive based in part on the following? (SELECT 3)  A significant change in terrorist attacks in Europe over the previous five years.  The Panama Papers leaks, which identified the extent to which offshore accounts are used to disguise beneficial ownership.  Money Laundering and Financial Crime were deemed by the European Parliament and local committees as to be out of control in countries such as Andorra, Lichtenstein, and Tunisia.  The exit of Britain from the European Regulatory System.  The adoption of cryptocurrencies and other digital channels for money laundering, which are currently unregulated sectors. NO.37 What stage is the explore step in the 4 step process with regards to the 4-step research model?  1st.  2nd.  3rd.  4th.  Loading … Exam Engine for CKYCA Exam Free Demo & 365 Day Updates: https://www.actualtests4sure.com/CKYCA-test-questions.html --------------------------------------------------- Images: https://blog.actualtests4sure.com/wp-content/plugins/watu/loading.gif https://blog.actualtests4sure.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2023-02-16 12:57:02 Post date GMT: 2023-02-16 12:57:02 Post modified date: 2023-02-16 12:57:02 Post modified date GMT: 2023-02-16 12:57:02