{"id":1842,"date":"2023-10-03T09:30:21","date_gmt":"2023-10-03T09:30:21","guid":{"rendered":"https:\/\/blog.examboosts.com\/?p=1842"},"modified":"2023-10-03T09:30:21","modified_gmt":"2023-10-03T09:30:21","slug":"oct-2023-acams-cams-actual-questions-and-braindumps-q41-q59","status":"publish","type":"post","link":"https:\/\/blog.examboosts.com\/zh\/2023\/10\/oct-2023-acams-cams-actual-questions-and-braindumps-q41-q59\/","title":{"rendered":"[Oct-2023] ACAMS CAMS Actual Questions and Braindumps [Q41-Q59]"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;1842&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;[Oct-2023] ACAMS CAMS Actual Questions and Braindumps [Q41-Q59]&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">Rate this post<\/span>\n    <\/div>\n    <\/div>\n<p><strong><span style=\"font-size: 18px;color: red\">[Oct-2023] ACAMS CAMS Actual Questions and Braindumps<\/span><\/strong><\/p>\n<p><strong><span style=\"color: red\">Pass CAMS Exam with Updated CAMS Exam Dumps PDF 2023<\/span><\/strong><\/p>\n<p><\/p>\n<p>The CAMS certification exam covers a wide range of topics related to AML and financial crime prevention, including risk assessment, customer due diligence, transaction monitoring, sanctions screening, and regulatory compliance. CAMS exam is designed to test the knowledge and skills of professionals working in AML compliance and ensures that they have a comprehensive understanding of the latest AML regulations, laws, and best practices. Certified Anti-Money Laundering Specialists certification exam is rigorous and requires a thorough understanding of the subject matter, making it a valuable credential for professionals looking to advance their careers in the field.<\/p>\n<p><\/p>\n<p>ACAMS CAMS (Certified Anti-Money Laundering Specialist) exam is a globally recognized certification program designed for professionals who deal with anti-money laundering (AML) compliance. Certified Anti-Money Laundering Specialists certification is a standard that is widely recognized by financial institutions, government agencies, and other organizations that are committed to preventing financial crimes. The CAMS exam is a rigorous test that measures an individual\u2019s knowledge and expertise in AML policies and procedures.<\/p>\n<p>&nbsp;<\/p>\n<div id=\"watu_quiz\" class=\"quiz-area single-page-quiz\">\n<form action=\"\" method=\"post\" class=\"quiz-form \" id=\"quiz-709\" >\n<div class='watu-question' id='question-1'><div class='question-content'><p><strong>QUESTION 41<\/strong><br \/>What are three indicators of money laundering associated with using electronic funds transfers? Choose 3 answers<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13985' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54876' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13985[]' id='answer-id-54876' class='answer answer-1 php-answer-label answerof-13985' value='54876' \/>&nbsp;<label for='answer-id-54876' id='answer-label-54876' class='php-answer-label answer label-1'><span class='answer'>Funds transfers to or from a financial secrecy haven without an apparent business reason<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54877' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13985[]' id='answer-id-54877' class='answer answer-1 js-answer-label answerof-13985' value='54877' \/>&nbsp;<label for='answer-id-54877' id='answer-label-54877' class='js-answer-label answer label-1'><span class='answer'>Regular and frequent transfers from the account of a large company said to be payment forgoods bought on credit<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54878' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13985[]' id='answer-id-54878' class='answer answer-1 php-answer-label answerof-13985' value='54878' \/>&nbsp;<label for='answer-id-54878' id='answer-label-54878' class='php-answer-label answer label-1'><span class='answer'>Funds transfers are received or sent from the same person to or from different accounts<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54879' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13985[]' id='answer-id-54879' class='answer answer-1 php-answer-label answerof-13985' value='54879' \/>&nbsp;<label for='answer-id-54879' id='answer-label-54879' class='php-answer-label answer label-1'><span class='answer'>Payment or receipts with no apparent link to legitimate contracts, goods or services<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(1,this)' id='btn-1' value='See Answer'  \/><input type='hidden' id='questionType1' value='checkbox' class=''><\/div><div class='watu-question' id='question-2'><div class='question-content'><p><strong>QUESTION 42<\/strong><br \/>Which three should real estate agents include in the criteria to assess their company&#8217;s potential money laundering and terrorist financing risks when implementing a reasonable risk-based approach?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13986' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54880' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13986[]' id='answer-id-54880' class='answer answer-2 js-answer-label answerof-13986' value='54880' \/>&nbsp;<label for='answer-id-54880' id='answer-label-54880' class='js-answer-label answer label-2'><span class='answer'>Credit Risk<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54881' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13986[]' id='answer-id-54881' class='answer answer-2 php-answer-label answerof-13986' value='54881' \/>&nbsp;<label for='answer-id-54881' id='answer-label-54881' class='php-answer-label answer label-2'><span class='answer'>Customer Risk<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54882' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13986[]' id='answer-id-54882' class='answer answer-2 php-answer-label answerof-13986' value='54882' \/>&nbsp;<label for='answer-id-54882' id='answer-label-54882' class='php-answer-label answer label-2'><span class='answer'>Transaction Risk<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54883' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13986[]' id='answer-id-54883' class='answer answer-2 php-answer-label answerof-13986' value='54883' \/>&nbsp;<label for='answer-id-54883' id='answer-label-54883' class='php-answer-label answer label-2'><span class='answer'>Geographic Risk<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Reference:<br\/>http:\/\/www.fatf-gafi.org\/media\/fatf\/documents\/reports\/RBA%20Guidance%20for%20Real%20Estate%20Agents (page 20, second paragraph)<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(2,this)' id='btn-2' value='See Answer'  \/><input type='hidden' id='questionType2' value='checkbox' class=''><\/div><div class='watu-question' id='question-3'><div class='question-content'><p><strong>QUESTION 43<\/strong><br \/>Which product is considered to be of highest money laundering risk?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13987' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54884' \/><div class='watu-question-choice'><input type='radio' name='answer-13987[]' id='answer-id-54884' class='answer answer-3 js-answer-label answerof-13987' value='54884' \/>&nbsp;<label for='answer-id-54884' id='answer-label-54884' class='js-answer-label answer label-3'><span class='answer'>Credit cards<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54885' \/><div class='watu-question-choice'><input type='radio' name='answer-13987[]' id='answer-id-54885' class='answer answer-3 php-answer-label answerof-13987' value='54885' \/>&nbsp;<label for='answer-id-54885' id='answer-label-54885' class='php-answer-label answer label-3'><span class='answer'>Savings accounts<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54886' \/><div class='watu-question-choice'><input type='radio' name='answer-13987[]' id='answer-id-54886' class='answer answer-3 js-answer-label answerof-13987' value='54886' \/>&nbsp;<label for='answer-id-54886' id='answer-label-54886' class='js-answer-label answer label-3'><span class='answer'>Time deposit accounts<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54887' \/><div class='watu-question-choice'><input type='radio' name='answer-13987[]' id='answer-id-54887' class='answer answer-3 js-answer-label answerof-13987' value='54887' \/>&nbsp;<label for='answer-id-54887' id='answer-label-54887' class='js-answer-label answer label-3'><span class='answer'>International wire transfers<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>You cannot make international money transfers unless the money is credited to the account. So first priority saving account, subsequent risk international wire transfer<br\/>&#8220;A savings account, as well as a checking account, can be one of the riskiest financial instruments for money laundering operations given the ease with which it can be opened and operated&#8221;.<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(3,this)' id='btn-3' value='See Answer'  \/><input type='hidden' id='questionType3' value='radio' class=''><\/div><div class='watu-question' id='question-4'><div class='question-content'><p><strong>QUESTION 44<\/strong><br \/>The anti-money laundering compliance officer for a small money transmitter has several agent locations in the same geographic area in the United States. The customers are immigrants from Country A and the majority of the funds are remitted to Country A.<br \/>In a meeting with one of the agents, it is recently discovered that two new customers have been coming in three times a week and sending funds to the same recipient in Country<br \/>B. Each cash transaction always totals exactly<br \/>$8,000.<br \/>What should alert the agent to possible money laundering activity by the two customers?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13988' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54888' \/><div class='watu-question-choice'><input type='radio' name='answer-13988[]' id='answer-id-54888' class='answer answer-4 php-answer-label answerof-13988' value='54888' \/>&nbsp;<label for='answer-id-54888' id='answer-label-54888' class='php-answer-label answer label-4'><span class='answer'>They remit funds to the same person<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54889' \/><div class='watu-question-choice'><input type='radio' name='answer-13988[]' id='answer-id-54889' class='answer answer-4 js-answer-label answerof-13988' value='54889' \/>&nbsp;<label for='answer-id-54889' id='answer-label-54889' class='js-answer-label answer label-4'><span class='answer'>They have been coming in three times a week<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54890' \/><div class='watu-question-choice'><input type='radio' name='answer-13988[]' id='answer-id-54890' class='answer answer-4 js-answer-label answerof-13988' value='54890' \/>&nbsp;<label for='answer-id-54890' id='answer-label-54890' class='js-answer-label answer label-4'><span class='answer'>It is unusual for customers to remit to Country B<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54891' \/><div class='watu-question-choice'><input type='radio' name='answer-13988[]' id='answer-id-54891' class='answer answer-4 js-answer-label answerof-13988' value='54891' \/>&nbsp;<label for='answer-id-54891' id='answer-label-54891' class='js-answer-label answer label-4'><span class='answer'>Each of their transactions is just below the cash reporting threshold<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(4,this)' id='btn-4' value='See Answer'  \/><input type='hidden' id='questionType4' value='radio' class=''><\/div><div class='watu-question' id='question-5'><div class='question-content'><p><strong>QUESTION 45<\/strong><br \/>A compliance officer identifies a potentially significant risk in a popular financial product. Further investigation reveals there is no mitigating control.<br \/>Which course of action should the compliance officer take?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13989' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54892' \/><div class='watu-question-choice'><input type='radio' name='answer-13989[]' id='answer-id-54892' class='answer answer-5 js-answer-label answerof-13989' value='54892' \/>&nbsp;<label for='answer-id-54892' id='answer-label-54892' class='js-answer-label answer label-5'><span class='answer'>Launch a long-term project to remediate the control deficiency<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54893' \/><div class='watu-question-choice'><input type='radio' name='answer-13989[]' id='answer-id-54893' class='answer answer-5 js-answer-label answerof-13989' value='54893' \/>&nbsp;<label for='answer-id-54893' id='answer-label-54893' class='js-answer-label answer label-5'><span class='answer'>Note the risk and address it during the next round of policy and procedure review<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54894' \/><div class='watu-question-choice'><input type='radio' name='answer-13989[]' id='answer-id-54894' class='answer answer-5 js-answer-label answerof-13989' value='54894' \/>&nbsp;<label for='answer-id-54894' id='answer-label-54894' class='js-answer-label answer label-5'><span class='answer'>Immediately cease providing the product and only offer it after effective permanent mitigation is implemented<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54895' \/><div class='watu-question-choice'><input type='radio' name='answer-13989[]' id='answer-id-54895' class='answer answer-5 php-answer-label answerof-13989' value='54895' \/>&nbsp;<label for='answer-id-54895' id='answer-label-54895' class='php-answer-label answer label-5'><span class='answer'>Implement a temporary mitigation that enables effective management of the risk until a permanent plan can be developed<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>as there&#8217;s NO mitigating control, the temporary control system must be developed and implemented until the permanent mitigating control is developed and implemented.<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(5,this)' id='btn-5' value='See Answer'  \/><input type='hidden' id='questionType5' value='radio' class=''><\/div><div class='watu-question' id='question-6'><div class='question-content'><p><strong>QUESTION 46<\/strong><br \/>Which red flags should be considered prior to establishing a relationship with a third party? (Select Two.)<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13990' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54896' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13990[]' id='answer-id-54896' class='answer answer-6 php-answer-label answerof-13990' value='54896' \/>&nbsp;<label for='answer-id-54896' id='answer-label-54896' class='php-answer-label answer label-6'><span class='answer'>The third party has a lack of anti-corruption compliance clauses in agreements.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54897' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13990[]' id='answer-id-54897' class='answer answer-6 js-answer-label answerof-13990' value='54897' \/>&nbsp;<label for='answer-id-54897' id='answer-label-54897' class='js-answer-label answer label-6'><span class='answer'>The third party&#8217;s amount to be paid for goods and services appears to be reasonable.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54898' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13990[]' id='answer-id-54898' class='answer answer-6 php-answer-label answerof-13990' value='54898' \/>&nbsp;<label for='answer-id-54898' id='answer-label-54898' class='php-answer-label answer label-6'><span class='answer'>The third party has requested unusual payment or billing procedures.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54899' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13990[]' id='answer-id-54899' class='answer answer-6 js-answer-label answerof-13990' value='54899' \/>&nbsp;<label for='answer-id-54899' id='answer-label-54899' class='js-answer-label answer label-6'><span class='answer'>The third party has a declaration of non-family or business ties with government officials.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54900' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13990[]' id='answer-id-54900' class='answer answer-6 js-answer-label answerof-13990' value='54900' \/>&nbsp;<label for='answer-id-54900' id='answer-label-54900' class='js-answer-label answer label-6'><span class='answer'>The third party has sufficient capability to provide the services or goods for which it is being engaged.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>The red flags that should be considered prior to establishing a relationship with a third party are the lack of anti-corruption compliance clauses in agreements (A) and unusual payment or billing procedures requested by the third party (C). According to the Certified Anti-Money Laundering Specialist (CAMS) Sixth Edition manual, &#8220;red flags include, but are not limited to: [&#8230;] lack of anti-corruption compliance clauses in agreements (page 330) and unusual payment or billing procedures requested by the third party (page 331).&#8221;<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(6,this)' id='btn-6' value='See Answer'  \/><input type='hidden' id='questionType6' value='checkbox' class=''><\/div><div class='watu-question' id='question-7'><div class='question-content'><p><strong>QUESTION 47<\/strong><br \/>Bank A is a non-United States (U.S.) bank that has $5 million in a correspondent account at a bank in New York City. The Worldwide Terrorist Syndicate (WTS) has $1 million in its account at a non-US branch of Bank A.<br \/>The U.S. government has initiated forfeiture action against the WTS.<br \/>Which potential action can the U.S. take under the USA PATRIOT ACT pursuant to the issuance seizure warrant?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13991' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54901' \/><div class='watu-question-choice'><input type='radio' name='answer-13991[]' id='answer-id-54901' class='answer answer-7 php-answer-label answerof-13991' value='54901' \/>&nbsp;<label for='answer-id-54901' id='answer-label-54901' class='php-answer-label answer label-7'><span class='answer'>Seize Bank A&#8217;s $5 million correspondent account in the U.S.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54902' \/><div class='watu-question-choice'><input type='radio' name='answer-13991[]' id='answer-id-54902' class='answer answer-7 js-answer-label answerof-13991' value='54902' \/>&nbsp;<label for='answer-id-54902' id='answer-label-54902' class='js-answer-label answer label-7'><span class='answer'>Seize WTS&#8217; $1 million account at the non-U.S. branch of Bank A.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54903' \/><div class='watu-question-choice'><input type='radio' name='answer-13991[]' id='answer-id-54903' class='answer answer-7 js-answer-label answerof-13991' value='54903' \/>&nbsp;<label for='answer-id-54903' id='answer-label-54903' class='js-answer-label answer label-7'><span class='answer'>Seize $1 million from Bank A&#8217;s correspondent account in the U.S.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54904' \/><div class='watu-question-choice'><input type='radio' name='answer-13991[]' id='answer-id-54904' class='answer answer-7 js-answer-label answerof-13991' value='54904' \/>&nbsp;<label for='answer-id-54904' id='answer-label-54904' class='js-answer-label answer label-7'><span class='answer'>Seize $5 million from the non-U.S. branch of Bank A where the WTS&#8217; account is located.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(7,this)' id='btn-7' value='See Answer'  \/><input type='hidden' id='questionType7' value='radio' class=''><\/div><div class='watu-question' id='question-8'><div class='question-content'><p><strong>QUESTION 48<\/strong><br \/>An institution is about to release a new peer to peer (P2P) funds transfer product to provide much needed remittance services to an under-banked population segment in the country.<br \/>The service allows customers to transfer funds through a mobile banking application to individuals worldwide entering only a name and mobile number. The new service charges less than comparable market solutions and offers real time transfer of funds. The customer onboarding process is conducted at branch locations with identity verification.<br \/>Which three present the highest anti-money laundering or sanctions risk and will require controls prior to launch? (Choose three.)<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13992' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54905' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13992[]' id='answer-id-54905' class='answer answer-8 js-answer-label answerof-13992' value='54905' \/>&nbsp;<label for='answer-id-54905' id='answer-label-54905' class='js-answer-label answer label-8'><span class='answer'>Customer onboarding<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54906' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13992[]' id='answer-id-54906' class='answer answer-8 php-answer-label answerof-13992' value='54906' \/>&nbsp;<label for='answer-id-54906' id='answer-label-54906' class='php-answer-label answer label-8'><span class='answer'>Cross-border functionality<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54907' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13992[]' id='answer-id-54907' class='answer answer-8 php-answer-label answerof-13992' value='54907' \/>&nbsp;<label for='answer-id-54907' id='answer-label-54907' class='php-answer-label answer label-8'><span class='answer'>Real time transfer of funds<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54908' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13992[]' id='answer-id-54908' class='answer answer-8 js-answer-label answerof-13992' value='54908' \/>&nbsp;<label for='answer-id-54908' id='answer-label-54908' class='js-answer-label answer label-8'><span class='answer'>Servicing the under-banked population<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54909' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13992[]' id='answer-id-54909' class='answer answer-8 php-answer-label answerof-13992' value='54909' \/>&nbsp;<label for='answer-id-54909' id='answer-label-54909' class='php-answer-label answer label-8'><span class='answer'>Limited access to counterparty information<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(8,this)' id='btn-8' value='See Answer'  \/><input type='hidden' id='questionType8' value='checkbox' class=''><\/div><div class='watu-question' id='question-9'><div class='question-content'><p><strong>QUESTION 49<\/strong><br \/>Which practices are dealers in antiques, precious metals, precious stones, jewelry, and art advised to follow to reduce the element of money laundering risk? Choose 3 answers<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13993' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54910' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13993[]' id='answer-id-54910' class='answer answer-9 php-answer-label answerof-13993' value='54910' \/>&nbsp;<label for='answer-id-54910' id='answer-label-54910' class='php-answer-label answer label-9'><span class='answer'>Insist on all vendors signing a declaration that the item placed by them for sale was not stolen or acquired through illegitimate means<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54911' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13993[]' id='answer-id-54911' class='answer answer-9 php-answer-label answerof-13993' value='54911' \/>&nbsp;<label for='answer-id-54911' id='answer-label-54911' class='php-answer-label answer label-9'><span class='answer'>Verify the identities of all new vendors and customers and conduct due diligence on them<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54912' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13993[]' id='answer-id-54912' class='answer answer-9 php-answer-label answerof-13993' value='54912' \/>&nbsp;<label for='answer-id-54912' id='answer-label-54912' class='php-answer-label answer label-9'><span class='answer'>Avoid accepting cash payment from the buyers<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54913' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13993[]' id='answer-id-54913' class='answer answer-9 js-answer-label answerof-13993' value='54913' \/>&nbsp;<label for='answer-id-54913' id='answer-label-54913' class='js-answer-label answer label-9'><span class='answer'>Insist all vendors submit an appropriate license issued by enforcement agencies authorizing the sale<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(9,this)' id='btn-9' value='See Answer'  \/><input type='hidden' id='questionType9' value='checkbox' class=''><\/div><div class='watu-question' id='question-10'><div class='question-content'><p><strong>QUESTION 50<\/strong><br \/>Which regulatory bodies cooperate when dealing with cross-border suspicious or unusual financial activity investigations?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13994' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54914' \/><div class='watu-question-choice'><input type='radio' name='answer-13994[]' id='answer-id-54914' class='answer answer-10 js-answer-label answerof-13994' value='54914' \/>&nbsp;<label for='answer-id-54914' id='answer-label-54914' class='js-answer-label answer label-10'><span class='answer'>European Commissions<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54915' \/><div class='watu-question-choice'><input type='radio' name='answer-13994[]' id='answer-id-54915' class='answer answer-10 php-answer-label answerof-13994' value='54915' \/>&nbsp;<label for='answer-id-54915' id='answer-label-54915' class='php-answer-label answer label-10'><span class='answer'>Financial Intelligence Units<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54916' \/><div class='watu-question-choice'><input type='radio' name='answer-13994[]' id='answer-id-54916' class='answer answer-10 js-answer-label answerof-13994' value='54916' \/>&nbsp;<label for='answer-id-54916' id='answer-label-54916' class='js-answer-label answer label-10'><span class='answer'>Wolfsberg Groups<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54917' \/><div class='watu-question-choice'><input type='radio' name='answer-13994[]' id='answer-id-54917' class='answer answer-10 js-answer-label answerof-13994' value='54917' \/>&nbsp;<label for='answer-id-54917' id='answer-label-54917' class='js-answer-label answer label-10'><span class='answer'>Financial Action Task Forces<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>Financial Intelligence Units (FIUs) are the primary channels for sharing financial intelligence both within countries and across borders. FIUs cooperate with each other and other relevant law enforcement, regulatory, or intelligence agencies in the fight against money laundering, terrorism financing, and other financial crimes.<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(10,this)' id='btn-10' value='See Answer'  \/><input type='hidden' id='questionType10' value='radio' class=''><\/div><div class='watu-question' id='question-11'><div class='question-content'><p><strong>QUESTION 51<\/strong><br \/>A financial institution (FI) is being investigated for possible money laundering. When cooperating with law enforcement agencies, which additional steps should the FI ensure are taken? (Choose two.)<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13995' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54918' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13995[]' id='answer-id-54918' class='answer answer-11 php-answer-label answerof-13995' value='54918' \/>&nbsp;<label for='answer-id-54918' id='answer-label-54918' class='php-answer-label answer label-11'><span class='answer'>Centralized control is maintained over all requests and responses to ensure completeness and timely responses.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54919' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13995[]' id='answer-id-54919' class='answer answer-11 js-answer-label answerof-13995' value='54919' \/>&nbsp;<label for='answer-id-54919' id='answer-label-54919' class='js-answer-label answer label-11'><span class='answer'>Make employees, including corporate officers, unavailable for interviews and refuse documents upon receipt of a subpoena.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54920' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13995[]' id='answer-id-54920' class='answer answer-11 js-answer-label answerof-13995' value='54920' \/>&nbsp;<label for='answer-id-54920' id='answer-label-54920' class='js-answer-label answer label-11'><span class='answer'>Subpoenas and other information requests should be reviewed by senior management and an investigations group or counsel.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54921' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13995[]' id='answer-id-54921' class='answer answer-11 js-answer-label answerof-13995' value='54921' \/>&nbsp;<label for='answer-id-54921' id='answer-label-54921' class='js-answer-label answer label-11'><span class='answer'>Address the document destruction policy to ensure the relevant documents are destroyed.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54922' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13995[]' id='answer-id-54922' class='answer answer-11 php-answer-label answerof-13995' value='54922' \/>&nbsp;<label for='answer-id-54922' id='answer-label-54922' class='php-answer-label answer label-11'><span class='answer'>Inquiries from the media are not answered directly, but rather are addressed by replying, &#8220;No comment.&#8221;<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(11,this)' id='btn-11' value='See Answer'  \/><input type='hidden' id='questionType11' value='checkbox' class=''><\/div><div class='watu-question' id='question-12'><div class='question-content'><p><strong>QUESTION 52<\/strong><br \/>You design an AI solution that uses an Azure Stream Analytics job to process data from an Azure IoT hub. The IoT hub receives time series data from thousands of IoT devices at a factory.<br \/>The job outputs millions of messages per second. Different applications consume the messages as they are available. The messages must be purged.<br \/>You need to choose an output type for the job.<br \/>What is the best output type to achieve the goal? More than one answer choice may achieve the goal.<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13996' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54923' \/><div class='watu-question-choice'><input type='radio' name='answer-13996[]' id='answer-id-54923' class='answer answer-12 js-answer-label answerof-13996' value='54923' \/>&nbsp;<label for='answer-id-54923' id='answer-label-54923' class='js-answer-label answer label-12'><span class='answer'>Azure Event Hubs<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54924' \/><div class='watu-question-choice'><input type='radio' name='answer-13996[]' id='answer-id-54924' class='answer answer-12 js-answer-label answerof-13996' value='54924' \/>&nbsp;<label for='answer-id-54924' id='answer-label-54924' class='js-answer-label answer label-12'><span class='answer'>Azure SQL Database<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54925' \/><div class='watu-question-choice'><input type='radio' name='answer-13996[]' id='answer-id-54925' class='answer answer-12 js-answer-label answerof-13996' value='54925' \/>&nbsp;<label for='answer-id-54925' id='answer-label-54925' class='js-answer-label answer label-12'><span class='answer'>Azure Blob storage<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54926' \/><div class='watu-question-choice'><input type='radio' name='answer-13996[]' id='answer-id-54926' class='answer answer-12 php-answer-label answerof-13996' value='54926' \/>&nbsp;<label for='answer-id-54926' id='answer-label-54926' class='php-answer-label answer label-12'><span class='answer'>Azure Cosmos DB<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Stream Analytics can target Azure Cosmos DB for JSON output, enabling data archiving and low-latency queries on unstructured JSON data.<br\/>References:<br\/>https:\/\/docs.microsoft.com\/en-us\/azure\/stream-analytics\/stream-analytics-documentdb-output<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(12,this)' id='btn-12' value='See Answer'  \/><input type='hidden' id='questionType12' value='radio' class=''><\/div><div class='watu-question' id='question-13'><div class='question-content'><p><strong>QUESTION 53<\/strong><br \/>Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13997' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54927' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13997[]' id='answer-id-54927' class='answer answer-13 js-answer-label answerof-13997' value='54927' \/>&nbsp;<label for='answer-id-54927' id='answer-label-54927' class='js-answer-label answer label-13'><span class='answer'>Those two are authorized signers on the account<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54928' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13997[]' id='answer-id-54928' class='answer answer-13 js-answer-label answerof-13997' value='54928' \/>&nbsp;<label for='answer-id-54928' id='answer-label-54928' class='js-answer-label answer label-13'><span class='answer'>Those who have legal title to a controlling share interest in the customer<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54929' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13997[]' id='answer-id-54929' class='answer answer-13 php-answer-label answerof-13997' value='54929' \/>&nbsp;<label for='answer-id-54929' id='answer-label-54929' class='php-answer-label answer label-13'><span class='answer'>Those who generally have ultimate control through ownership or other means over the funds in the account<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54930' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13997[]' id='answer-id-54930' class='answer answer-13 php-answer-label answerof-13997' value='54930' \/>&nbsp;<label for='answer-id-54930' id='answer-label-54930' class='php-answer-label answer label-13'><span class='answer'>Those who are the ultimate source of funds for the account and whose source of wealth should be subject to due diligence<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(13,this)' id='btn-13' value='See Answer'  \/><input type='hidden' id='questionType13' value='checkbox' class=''><\/div><div class='watu-question' id='question-14'><div class='question-content'><p><strong>QUESTION 54<\/strong><br \/>Which three definitions of money laundering are included in the expanded definition of the European Union Fourth Directive? (Choose three.)<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13998' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54931' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13998[]' id='answer-id-54931' class='answer answer-14 js-answer-label answerof-13998' value='54931' \/>&nbsp;<label for='answer-id-54931' id='answer-label-54931' class='js-answer-label answer label-14'><span class='answer'>The creation of shell companies to disguise the identity of its owners<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54932' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13998[]' id='answer-id-54932' class='answer answer-14 php-answer-label answerof-13998' value='54932' \/>&nbsp;<label for='answer-id-54932' id='answer-label-54932' class='php-answer-label answer label-14'><span class='answer'>The conversion or transfer of property with knowledge that it is derived from criminal activity<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54933' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13998[]' id='answer-id-54933' class='answer answer-14 php-answer-label answerof-13998' value='54933' \/>&nbsp;<label for='answer-id-54933' id='answer-label-54933' class='php-answer-label answer label-14'><span class='answer'>The acquisition or use of property knowing, when it was received, that it was derived from criminal activity<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54934' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13998[]' id='answer-id-54934' class='answer answer-14 js-answer-label answerof-13998' value='54934' \/>&nbsp;<label for='answer-id-54934' id='answer-label-54934' class='js-answer-label answer label-14'><span class='answer'>The transfer of cash in excess of 15,000 euros across country borders regardless of whatever the cash was derived from criminal activity<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54935' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13998[]' id='answer-id-54935' class='answer answer-14 php-answer-label answerof-13998' value='54935' \/>&nbsp;<label for='answer-id-54935' id='answer-label-54935' class='php-answer-label answer label-14'><span class='answer'>Concealing or disguising the nature, source, location, disposition, movement, rights with respect to, or ownership of property, knowing that the property is derived from criminal activity<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation\/Reference: https:\/\/books.google.com.pk\/books?id=CMixCwAAQBAJ&amp;pg=PA344&amp;lpg=PA344&amp;dq=european<br\/>+4th+directive+Concealing+or+disguising+the+nature,+source,+location,+disposition,+movement,+rights+with<br\/>+respect+to,+or+ownership+of+property,+knowing+that+the+property+is+derived+from+criminal<br\/>+activity&amp;source=bl&amp;ots=nOUQRszJ6_&amp;sig=ACfU3U1NigFiOY5Zkj30B9FlPI1UhyUMEg&amp;hl=en&amp;sa=X&amp;ved=2a hUKEwibgbi9op3oAhVPfH0KHV0wBXoQ6AEwAHoECBIQAQ#v=onepage&amp;q=european%204th%20directive%<br\/>20Concealing%20or%20disguising%20the%20nature%2C%20source%2C%20location%2C%20disposition%<br\/>2C%20movement%2C%20rights%20with%20respect%20to%2C%20or%20ownership%20of%20property%2C<br\/>%20knowing%20that%20the%20property%20is%20derived%20from%20criminal%20activity&amp;f=false<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(14,this)' id='btn-14' value='See Answer'  \/><input type='hidden' id='questionType14' value='checkbox' class=''><\/div><div class='watu-question' id='question-15'><div class='question-content'><p><strong>QUESTION 55<\/strong><br \/>Which is a red flag for funds transfers?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13999' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54936' \/><div class='watu-question-choice'><input type='radio' name='answer-13999[]' id='answer-id-54936' class='answer answer-15 js-answer-label answerof-13999' value='54936' \/>&nbsp;<label for='answer-id-54936' id='answer-label-54936' class='js-answer-label answer label-15'><span class='answer'>Funds transfers are received in numerous small quantities from entities that are in related industries.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54937' \/><div class='watu-question-choice'><input type='radio' name='answer-13999[]' id='answer-id-54937' class='answer answer-15 js-answer-label answerof-13999' value='54937' \/>&nbsp;<label for='answer-id-54937' id='answer-label-54937' class='js-answer-label answer label-15'><span class='answer'>Funds transfers are repeatedly sent to the same beneficiary out of line with the business purpose.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54938' \/><div class='watu-question-choice'><input type='radio' name='answer-13999[]' id='answer-id-54938' class='answer answer-15 php-answer-label answerof-13999' value='54938' \/>&nbsp;<label for='answer-id-54938' id='answer-label-54938' class='php-answer-label answer label-15'><span class='answer'>Funds transfers are repetitive and within expected patterns.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54939' \/><div class='watu-question-choice'><input type='radio' name='answer-13999[]' id='answer-id-54939' class='answer answer-15 js-answer-label answerof-13999' value='54939' \/>&nbsp;<label for='answer-id-54939' id='answer-label-54939' class='js-answer-label answer label-15'><span class='answer'>Funds transfers are to a higher-risk geographic location with a known supplier within the same industry as the originator.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(15,this)' id='btn-15' value='See Answer'  \/><input type='hidden' id='questionType15' value='radio' class=''><\/div><div class='watu-question' id='question-16'><div class='question-content'><p><strong>QUESTION 56<\/strong><br \/>Which of the following is the financial stage of money laundering?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='14000' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54940' \/><div class='watu-question-choice'><input type='radio' name='answer-14000[]' id='answer-id-54940' class='answer answer-16 php-answer-label answerof-14000' value='54940' \/>&nbsp;<label for='answer-id-54940' id='answer-label-54940' class='php-answer-label answer label-16'><span class='answer'>integration<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54941' \/><div class='watu-question-choice'><input type='radio' name='answer-14000[]' id='answer-id-54941' class='answer answer-16 js-answer-label answerof-14000' value='54941' \/>&nbsp;<label for='answer-id-54941' id='answer-label-54941' class='js-answer-label answer label-16'><span class='answer'>structuring<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54942' \/><div class='watu-question-choice'><input type='radio' name='answer-14000[]' id='answer-id-54942' class='answer answer-16 js-answer-label answerof-14000' value='54942' \/>&nbsp;<label for='answer-id-54942' id='answer-label-54942' class='js-answer-label answer label-16'><span class='answer'>off shoring<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54943' \/><div class='watu-question-choice'><input type='radio' name='answer-14000[]' id='answer-id-54943' class='answer answer-16 js-answer-label answerof-14000' value='54943' \/>&nbsp;<label for='answer-id-54943' id='answer-label-54943' class='js-answer-label answer label-16'><span class='answer'>placement<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(16,this)' id='btn-16' value='See Answer'  \/><input type='hidden' id='questionType16' value='radio' class=''><\/div><div class='watu-question' id='question-17'><div class='question-content'><p><strong>QUESTION 57<\/strong><br \/>A bank receives a request for a subpoena (or a client who has been the subject of monitoring for several months. The bank wishes to close the account in order to mitigate any additional risk. However, the government requires that the account remain open. What document must be provided to the bank to keep the account open?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='14001' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54944' \/><div class='watu-question-choice'><input type='radio' name='answer-14001[]' id='answer-id-54944' class='answer answer-17 js-answer-label answerof-14001' value='54944' \/>&nbsp;<label for='answer-id-54944' id='answer-label-54944' class='js-answer-label answer label-17'><span class='answer'>An email agreement between the government and the financial institution to keep the account open<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54945' \/><div class='watu-question-choice'><input type='radio' name='answer-14001[]' id='answer-id-54945' class='answer answer-17 php-answer-label answerof-14001' value='54945' \/>&nbsp;<label for='answer-id-54945' id='answer-label-54945' class='php-answer-label answer label-17'><span class='answer'>A request in writing under proper letterhead and authority from the government<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54946' \/><div class='watu-question-choice'><input type='radio' name='answer-14001[]' id='answer-id-54946' class='answer answer-17 js-answer-label answerof-14001' value='54946' \/>&nbsp;<label for='answer-id-54946' id='answer-label-54946' class='js-answer-label answer label-17'><span class='answer'>An order to keep the account open but with the funds frozen<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54947' \/><div class='watu-question-choice'><input type='radio' name='answer-14001[]' id='answer-id-54947' class='answer answer-17 js-answer-label answerof-14001' value='54947' \/>&nbsp;<label for='answer-id-54947' id='answer-label-54947' class='js-answer-label answer label-17'><span class='answer'>An authorization from the board of directors<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>If a financial institution wishes to close an account due to concerns about potential money laundering or other financial crimes, it is generally required to file a suspicious activity report (SAR) with the appropriate government agency. However, there may be instances where the government requires the account to remain open for ongoing investigation purposes.<br\/>In such cases, the government must provide a written request under proper letterhead and authority to keep the account open. This document will serve as legal justification for the financial institution to maintain the account, even though it may pose a higher risk for money laundering or other financial crimes.<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(17,this)' id='btn-17' value='See Answer'  \/><input type='hidden' id='questionType17' value='radio' class=''><\/div><div class='watu-question' id='question-18'><div class='question-content'><p><strong>QUESTION 58<\/strong><br \/>How can a financial institution verify the nature and purpose of a business and its legitimacy?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='14002' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54948' \/><div class='watu-question-choice'><input type='radio' name='answer-14002[]' id='answer-id-54948' class='answer answer-18 js-answer-label answerof-14002' value='54948' \/>&nbsp;<label for='answer-id-54948' id='answer-label-54948' class='js-answer-label answer label-18'><span class='answer'>By reviewing a copy of the corporation&#8217;s latest audited reports and accounts<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54949' \/><div class='watu-question-choice'><input type='radio' name='answer-14002[]' id='answer-id-54949' class='answer answer-18 js-answer-label answerof-14002' value='54949' \/>&nbsp;<label for='answer-id-54949' id='answer-label-54949' class='js-answer-label answer label-18'><span class='answer'>By undertaking a company search or other commercial inquires to see that the institution hasnot been, or is not in the process of being dissolved of terminated<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54950' \/><div class='watu-question-choice'><input type='radio' name='answer-14002[]' id='answer-id-54950' class='answer answer-18 js-answer-label answerof-14002' value='54950' \/>&nbsp;<label for='answer-id-54950' id='answer-label-54950' class='js-answer-label answer label-18'><span class='answer'>By reviewing the company&#8217;s website<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54951' \/><div class='watu-question-choice'><input type='radio' name='answer-14002[]' id='answer-id-54951' class='answer answer-18 php-answer-label answerof-14002' value='54951' \/>&nbsp;<label for='answer-id-54951' id='answer-label-54951' class='php-answer-label answer label-18'><span class='answer'>By using an independent information verification process, such as by accessing public andprivate databases<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(18,this)' id='btn-18' value='See Answer'  \/><input type='hidden' id='questionType18' value='radio' class=''><\/div><div class='watu-question' id='question-19'><div class='question-content'><p><strong>QUESTION 59<\/strong><br \/>What are two requirements with respect to supporting documentation that is used to identify potentially suspicious activity, according to Financial Action Task Force? (Choose two.)<\/p>\n<\/div><input type='hidden' name='question_id[]' value='14003' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54952' \/><div class='watu-question-choice'><input type='checkbox' name='answer-14003[]' id='answer-id-54952' class='answer answer-19 php-answer-label answerof-14003' value='54952' \/>&nbsp;<label for='answer-id-54952' id='answer-label-54952' class='php-answer-label answer label-19'><span class='answer'>It must be retained for at least five years<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54953' \/><div class='watu-question-choice'><input type='checkbox' name='answer-14003[]' id='answer-id-54953' class='answer answer-19 js-answer-label answerof-14003' value='54953' \/>&nbsp;<label for='answer-id-54953' id='answer-label-54953' class='js-answer-label answer label-19'><span class='answer'>It must be retained for at least seven years<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54954' \/><div class='watu-question-choice'><input type='checkbox' name='answer-14003[]' id='answer-id-54954' class='answer answer-19 php-answer-label answerof-14003' value='54954' \/>&nbsp;<label for='answer-id-54954' id='answer-label-54954' class='php-answer-label answer label-19'><span class='answer'>It must be kept in a manner so that it can be provided promptly<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='54955' \/><div class='watu-question-choice'><input type='checkbox' name='answer-14003[]' id='answer-id-54955' class='answer answer-19 js-answer-label answerof-14003' value='54955' \/>&nbsp;<label for='answer-id-54955' id='answer-label-54955' class='js-answer-label answer label-19'><span class='answer'>It must only be released to the government through a subpoena process<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Reference: https:\/\/www.fatf-gafi.org\/media\/fatf\/documents\/recommendations\/pdfs\/FATF%<br\/>20Recommendations%202012.pdf<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(19,this)' id='btn-19' value='See Answer'  \/><input type='hidden' id='questionType19' value='checkbox' class=''><\/div><div style='display:none' id='question-20'><br \/><div class='question-content'><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.examboosts.com\/wp-content\/plugins\/watu\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading ...\" title=\"Loading ...\" \/>&nbsp;Loading &#8230;<\/div><\/div><br \/>\n<input type=\"button\" name=\"action\" onclick=\"Watu.submitResult()\" id=\"action-button\" style=\"margin:0 auto 20px auto;\" value=\"View Results\"  class=\"watu-submit-button\" \/>\n<input type=\"hidden\" name=\"no_ajax\" value=\"0\"><input type=\"hidden\" name=\"quiz_id\" value=\"709\" 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