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CAFP 1 Flashcards _ Questions With 100- Correct Answers.pdf
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9/11/24, 3:26 PMCAFP 1
Practice questions for this set
Terms in this set (111)
What option describes what makes pouch They enable money launderers to structure using monetary instruments.
CAFP 1
activity MOST vulnerable to money
laundering?
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, 9/11/24, 3:26 PM
Which option describes why U.S. dollar They make it easy for the money launderer to conceal the source of funds once the
drafts are MOST vulnerable to money illicit funds are no longer in cash form.
laundering?
Between two banks even when the receiving bank does not take physical possession of
How do bulk cash shipments occur?
the currency and the currency goes to the Federal Reserve.
Which parties may be involved in bulk cash The shipper, the common carrier, and the consignee.
shipments?
The CTR exemption process divides Starbucks Express, a subsidiary of Starbucks.
businesses into two categories, Phase I and
Phase II. Which type of entity would be
eligible for a Phase I exemption?
A domestic correspondent account is an Held by one domestic bank with another domestic bank.
account _____ _.
Which international partner in the AML Egmont Group of Financial Intelligence Units.
network provides a forum for FIUs to
improve international AML/CFT cooperation
and to promote the implementation of
domestic programs in this field?
The following two organizations specialize in • International Monetary Fund (IMF),The World Bank.
conducting assessments for countries to
ascertain compliance with the FATF
Recommendations:
the following two international organizations • Organization for Economic Co-operation and Development (OECD)
focus on counteracting transnational illicit
drugs, crime, and terrorism: • United Nations Office on Drug and Crime (UNODC).
Which two organizations provide technical International Monetary Fund (IMF) and The World Bank (Financial Market Integrity
assistance to member countries for the Group).
assessment of their compliance with the
international standard as contained in the
FATF Recommendations?
Assist with increasing specialized expertise and skills of criminal justice officials,
Enhance international and regional cooperation in combating the financing of terrorism
Which three options identify aims of the
through information exchange and mutual legal assistance, Strengthen legal, financial
UNODC work program?
and operational capacities to deal effectively with money-laundering and the financing
of terrorism.
Among the international partners in AML, OECD, (UNODC).
which two organizations focus primarily on
tax and anti-money laundering practices and
fighting transnational crimes, including illicit
drugs, crime and terrorism?
focuses on AML/CFT technical assistance and the assessment of member countries'
IMF?
compliance with the FATF Recommendations.
primary role is to promote the development of FIUs and facilitate their cooperation in
Egmont Group?
the areas of information exchange, training, and the sharing of expertise.
What entities comprise the Basel Committee Central banks.
on Banking Supervision?
Which international organization focuses its The Basel Committee on Banking Supervision.
anti-money laundering (AML) efforts
primarily on customer due diligence?
CAFP 1
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