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AML Test Study Guide Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed $9.99   Add to cart

Exam (elaborations)

AML Test Study Guide Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed

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  • Course
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Insurance companies are required to file SAR with: A) FBI B) IRS C) FATF D) FinCEN -:- D) FinCEN Which of the following insurance products are not covered by AML regulations? A) an annuity contract other than a group annuities contract B) whole life insurance C) universal life insurance ...

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  • September 3, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • AML
  • AML
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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!



AML Test Study Guide Questions & 100%
Correct Answers- Latest Test | Graded A+ |
Passed
Insurance companies are required to file SAR with:




A) FBI


B) IRS


C) FATF


D) FinCEN


✓ -:- D) FinCEN




Which of the following insurance products are not covered by AML regulations?




A) an annuity contract other than a group annuities contract


B) whole life insurance


C) universal life insurance


D) term life insurance


✓ -:- D) term life insurance



1|Page | Grade A+| 2024/2025

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!

A money launderer decides to borrow the money against the whole life insurance policy

purchased with illicit funds. This is an illustration of which money laundering phase?




A) Placement


B) Layering


C) Integration


D) None of the above


✓ -:- C) Integration




A customer deposited $11,000 in cash into his bank account. The bank must file the

following:




A) CTR


B) SAR


C) Both


D) None of the above


✓ -:- A) CTR




2|Page | Grade A+| 2024/2025

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