Amlcft - Study guides, Class notes & Summaries

2015 memorandum on "Individual Accountability and Corporate Wrongdoing" issued by -Answer Issued by US Department of Justice's Deputy Attorney General, Sally Quillian Yates The Yates memo says -Answer reminds prosecutors that criminal and civil investigations into corporate misconduct should also focus on individuals who perpetrated the wrongdoing. Resolution of a corporate case does not provide protection to individuals from criminal or civil liability. In the UK the Financial ...

AML Exam 3 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 th...