NO.244 Which is an extraterritorial function of Office of Foreign Assets Control sanctions?

NO.245 The local manager of a remote mortgage origination department of a financial institution has just discovered that sanctions screening of new customers is not being performed.
Which action should the local manager take in this situation?

NO.246 The purpose of an anti-money laundering program should be to do what?

NO.247 Which three actions should employees be instructed to do during an internal investigation?

NO.248 You need to design the Butler chatbot solution to meet the technical requirements.
What is the best channel and pricing tier to use? More than one answer choice may achieve the goal. Select the BEST answer.

NO.249 Why is the Mutual Legal Assistance Treaty (MLAT) a gateway for international cooperation?

NO.250 Which three do the Office of Foreign Asset Control regulations cover? Choose 3 answers

NO.251 A suspicious transaction report filed on a car dealer structuring deposits initiates a criminal investigation. The dealer changes branches and begins placing transactions with a frontline employee to whom the dealer has given numerous gifts.
This employee handles all of the dealer’s structured deposits and does not report the suspicious activity internally.
The competent authority has advised the anti-money laundering specialist to avoid tipping off the employee until the investigation is finalized.
What action should the specialist take next?

NO.252 The anti-money laundering compliance officer for a small money transmitter has several agent locations in the same geographic area in the United States. The customers are immigrants from Country A and the majority of the funds are remitted to Country A.
In a meeting with one of the agents, it is recently discovered that two new customers have been coming in three times a week and sending funds to the same recipient in Country B.
Each cash transaction always totals exactly $8,000.
What should alert the agent to possible money laundering activity by the two customers?

NO.253 Which methods are typically used to launder money using insurance companies? (Choose two.)

NO.254 Which AML standards have force of law?

NO.255 Which activity is most likely to facilitate money laundering through on-line systems with inadequate controls?

NO.256 An employee hears a colleague on the telephone with a customer giving advice on how to ensure that a suspicious transaction report will not be filed as a result of a future transaction.
What action should the employee take?

NO.257 After a FATF mutual evaluation process, which are resulting actions for jurisdictions that are determined to have strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing? (Choose two.)

NO.258 You are building an Azure Analysis Services cube for your AI deployment.
The source data for the cube is located in an on premises network in a Microsoft SQL Server database.
You need to ensure that the Azure Analysis Services service can access the source data.
What should you deploy to your Azure subscription?

NO.259 A bank in an offshore jurisdiction approaches an institution about opening a new correspondent banking relationship. Prior to opening the account, the new account representative obtains copies of the offshore bank’s anti-money laundering policies and procedures, and all appropriate legal documentation for the bank; ascertains no third parties will be able to access the accounts; and determines the owners of the bank, the bank’s primary business activities, and the business address of the bank. Which of the following steps does the Basel Committee on Banking Supervision’s Customer Due Diligence for Banks Paper recommend the banker take prior to opening Oils correspondent account?

NO.260 According to the Second European Union Money Laundering Directive, what may knowledge of criminal conduct be inferred from?

NO.261 A private banker of a major international bank is onboarding a new private investment company. The banker has verified the identity of the two directors, a husband and wife, who are equal shareholders. The funds in the account will be provided solely by the wife.
The banker was later informed by the company that an additional director and shareholder will be added to the company although the new shareholder will not provide funds.
What is the next step for due diligence in respect to the additional director and shareholder according to the Wolfsberg Anti-Money Laundering Principles for Private Banking?

NO.262 In which two ways does a government Financial Intelligence Unit interact with public and private sectors?
(Choose two.)

NO.263 Which is an emerging risk associated with cyber-enabled fraud?

NO.264 A profitable commercial customer who operates an import-export business has multiple accounts with the same institution at branches in different locations. The customer receives funds from a jurisdiction perceived as highly corrupt according to Transparency International ratings. The customer makes frequent transfers among the accounts and prefers to manage the accounts separately. What should the institution do to mitigate the risk associated with these accounts?

NO.265 According to the Financial Action Task Force, as part of their risk assessment, which are important data and information that a Trust and Company Service Provider must understand when establishing and administering a trust? (Select Two.)

NO.266 Which method to launder money through deposit-taking institutions is closely associated with international trade?

NO.267 A financial institution located within the European Union has historically allowed anonymous accounts.
Which of the following is the best method for this institution to use to ensure compliance with the European Union Money LaunderingDirectives?