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NEW QUESTION: 1
When completing and filing a SAR, what is the bank NOT required to do?
A. Maintain a copy of the SAR and supporting documentation for 5 years
B. Submit the SAR within 30 days of the initial detection of facts
C. Submit a copy of the supporting documentation with the SAR
D. Report the SAR information to the bank's board of directors
Answer: C

NEW QUESTION: 2
A bank in an offshore jurisdiction approaches an institution about opening a new correspondent banking relationship. Prior to opening the account, the new account representative obtains copies of the offshore bank's anti-money laundering policies and procedures, and all appropriate legal documentation for the bank; ascertains no third parties will be able to access the accounts; and determines the owners of the bank, the bank's primary business activities, and the business address of the bank. Which of the following steps does the Basel Committee on Banking Supervision's Customer Due Diligence for Banks Paper recommend the banker take prior to opening Oils correspondent account?
1. Conduct a site visit and meet all the principals and beneficial owners in person.
2. Verify the bank has a physical presence in the country where it is incorporated.
3. Confirm the bank is subject to regulatory supervision with adequate anti-money laundering laws.
4. Obtain and maintain a complete listing of the correspondent bank's customers, including politically exposed persons.
A. 1 and 4 only
B. 3 and 4 only
C. 1 and 2 only
D. 2 and 3 only
Answer: D

NEW QUESTION: 3
Refer to the exhibit When the Java code is executed, which value is printed?

A. 0
B. compile error
C. 1
D. 2
Answer: C

NEW QUESTION: 4
Choose what BEST describes the Policy Layer Traffic Inspection.
A. If a packet does not match any of the inline layers, the packet will be matched against the Implicit Clean-up Rule.
B. If a packet does not match a Network Policy Layer, the matching continues to its inline layer.
C. If a packet does not match any of the inline layers, the matching continues to the next Layer.
D. If a packet matches an inline layer, it will continue matching the next layer.
Answer: D
Explanation:
Explanation/Reference:
Reference: https://community.checkpoint.com/thread/1092