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NEW QUESTION: 1
The compliance officer for a bank is reviewing on-boarding documents for a new business account for a domestic corporation. The officer is unable to verify the identity of the beneficial owners of the company.
Only
information on the nominee owners was provided, and none of the listed addresses are local. The purpose of the business and future expected activity were disclosed to include cash letters, money orders and international remittance transfers.
Which red flag identifies a heightened money laundering risk?
A. The names provided at account opening are identified as the corporation's representative nominees
B. Account signer's government issued identification lists addresses outside of where the branch account was opened
C. Expected activity was advised to include cash letter and money orders
D. The nature and purpose of the business include international remittance transfers
Answer: D
NEW QUESTION: 2
Under the efficient market hypothesis, which of the following term best describes the movement of stock prices?
A. Random.
B. Statistical.
C. Predictable.
D. Diverse.
Answer: A
NEW QUESTION: 3
You want to edit a FlexCard. Which question should you ask and answer before you make changes to the active version of the FlexCard?
A. Is the FlexCard used anywhere else?
B. Will the FlexCard only be used for testing?
C. Has the FlexCard been cloned before?
D. Where will the FlexCard be available to use?
Answer: A
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