Aml exam 3 stuvia - Study guides, Class notes & Summaries

According to AML/CFT risk categories, __________ customers may include PEPs, certain types of MSBs, or cash intensive businesses. - ANSWER High risk Examples of high risk customers - ANSWER PEPs, MSBs, cash intensive businesses When assessing the ML risks of various territories and countries, which of the following can a financial institution consider? - ANSWER 1. Terrorism and sanctions lists published by governments and international organizations 2. Overall reputation of the countries ...

According to the AML risk categories, __ customers may include PEPs or certain types of MSBs or cash intensive businesses - ANSWER High risk When assessing the money laundering risks of various territories and countries, which of the following can a financial institution consider? - ANSWER All of the above (the terrorism and sanctions lists published by governments and international organizations; the overall reputation of the countries in question; updates and inputs from major news outlets)...

According to the AML/CTF risk categories _____ customers may include politically exposed persons or certain types of money services businesses or cash intensive businesses. a. Prohibited b. High Risk c. Medium Risk d. Low Risk - ANSWER b. High risk When assessing the money laundering risks of various territories and countries, which of the following can a financial institution consider? a. The terrorism and sanctions lists published by governments and intentional organizations b. the ov...

According to the AML risk categories, __ customers may include PEPs or certain types of MSBs or cash intensive businesses - ANSWER High risk When assessing the money laundering risks of various territories and countries, which of the following can a financial institution consider? - ANSWER All of the above (the terrorism and sanctions lists published by governments and international organizations; the overall reputation of the countries in question; updates and inputs from major news outlets)...

According to AML/CFT risk categories, __________ customers may include PEPs, certain types of MSBs, or cash intensive businesses. - ANSWER High risk Examples of high risk customers - ANSWER PEPs, MSBs, cash intensive businesses When assessing the ML risks of various territories and countries, which of the following can a financial institution consider? - ANSWER 1. Terrorism and sanctions lists published by governments and international organizations 2. Overall reputation of the countries ...

According to the AML/CTF risk categories _____ customers may include politically exposed persons or certain types of money services businesses or cash intensive businesses. a. Prohibited b. High Risk c. Medium Risk d. Low Risk - ANSWER b. High risk When assessing the money laundering risks of various territories and countries, which of the following can a financial institution consider? a. The terrorism and sanctions lists published by governments and intentional organizations b. the ov...