CFCS 무료 덤프문제 온라인 액세스

Your bank is considering entering into a correspondent relationship with a respondent bank Your bank does not have any existing business relationship with this respondent bank and has never worked with the respondent bank in the past.
Based upon FATF Recommendations which statement is true?

• A.Your bank should not enter into a correspondent relationship with the respondent bank if it is a small local or regional bank because of the inherent risk concerns with these institutions
• B.Your bank is required to apply the same due diligence measures to this respondent bank that it has applied when evaluating respondent banks in other jurisdictions lo avoid inequitable practices
• C.Your bank is required to gather information to understand the respondent's business reputation quality of its supervision and anti-money laundering and counter-terrorist financing controls
• D.Your bank is required to conduct enhanced due diligence on the respondent bank which includes conducting due diligence on customers of the respondent bank

According to the FATF 2012 recommendations which should countries do to ensure compliance around money remittance businesses?

• A.Require compliance measures to be implemented once a Suspicious Activity or Transaction Report (SAR or STR) has been died
• B.Provide a list of all money remittance businesses to the Egmont Group
• C.Prohibit money remittance businesses to be operated as a sole proprietorship
• D.Ensure proper identification and registration of persons operating money remittance businesses

You are Ihe chief anti-money laundering officer of a lull-service bank and you are designing a risk-based customer acceptance program to determine the Terrorist Financing risks specific to not-for-profit (NFP) organizations.
Which enhanced due diligence activity is MOST essential for these types of client relationships due to the elevated risk that NFPs pose?

• A.Establish who controls the organization and its financial activities
• B.For NFPs customer acceptance requirements are the same as for any other customer
• C.Monitor the financial activity in relation to the stated purpose and objectives of the entity
• D.Obtain a copy of the organization's charier

Mr. Patel, the head of compliance at a financial institution, is considering the use of technology to enhance sanctions compliance. Which of the following technological solutions would be most beneficial for improving the institution's sanctions screening process?

• A.Integrating machine learning algorithms to enhance the accuracy of sanctions screening systems.
• B.Implementing artificial intelligence (AI) algorithms to automatically approve low-risk transactions.
• C.Utilizing blockchain technology to track and verify the identity of counterparties in real-time.
• D.Deploying biometric authentication systems to verify the identity of customers during transactions.

During a risk assessment of its customer onboarding process, a financial institution identifies a lack of adequate procedures for verifying the beneficial ownership of corporate clients. What is the most appropriate action for the institution to take to address this deficiency?

• A.Revise the customer onboarding procedures to incorporate requirements for verifying beneficial ownership.
• B.Disregard the issue as long as corporate clients pass other due diligence checks.
• C.Implement enhanced monitoring for transactions involving corporate clients with unidentified beneficial owners.
• D.Immediately suspend all new customer onboarding activities until the procedures are updated.