Anti-Money Laundering Questions and Answers | Latest Version | Graded A+
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Module
Anti-Money Laundering
Institution
Anti-Money Laundering
Anti-Money Laundering Questions and
Answers | Latest Version | Graded A+
What is the main objective of anti-money laundering (AML) laws?
The main objective of AML laws is to prevent, detect, and combat money laundering and
terrorist financing activities.
How do financial institutions id...
Anti-Money Laundering Questions and
Answers | Latest Version | Graded A+
What is the main objective of anti-money laundering (AML) laws?
✔✔ The main objective of AML laws is to prevent, detect, and combat money laundering and
terrorist financing activities.
How do financial institutions identify suspicious activities?
✔✔ Financial institutions identify suspicious activities through transaction monitoring, analyzing
unusual patterns, and conducting customer due diligence.
What is the role of the Financial Action Task Force (FATF) in AML?
✔✔ The Financial Action Task Force (FATF) sets international standards and promotes effective
implementation of AML measures globally.
What is meant by "beneficial ownership" in AML?
1
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