Which potential action can the U.S. take under the USA PATRIOT ACT pursuant to the issuance seizure warrant?

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…

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Which deficiency could lead to the highest potential for unmitigated risk?

After review of the financial institution’s enterprise-wide anti-money laundering risk assessment, the new compliance officer identifies several deficiencies that need attention. Which deficiency could lead to the highest potential for…

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What is the next step for due diligence in respect to the additional director and shareholder according to the Wolfsberg Anti-Money Laundering Principles for Private Banking?

A private banker of a major international bank is onboarding a new private investment company. The banker has verified the identity of the two directors, a husband and wife, who…

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Which two critical pieces of information could be missed by taking this approach? (Choose two.)

The new compliance officer has reviewed the bank’s anti-money laundering training program. The program consists of online training for all new employees within 30 days of hire date and annual…

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Which of the following is NOT a requirement when a bank pays an employee a fee for referring a high-net-worth or institutional customer to a broker?

Which of the following is NOT a requirement when a bank pays an employee a fee for referring a high-net-worth or institutional customer to a broker? The bank must have…

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Which of the following advertising activities indicate that a bank would NOT be exempt from SEC registration requirements?

Which of the following advertising activities indicate that a bank would NOT be exempt from SEC registration requirements? Listing its securities transfer services as a service the bank provides for…

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