Question 1

What are two red flags during below that may require further escalation? (SELECT 2)

Options :

A : Even round amounts that are being deposited

B : The customer actually coming into the branch instead of depositing online like they usually do.

C : A customer who works at a restaurant depositing lots of street cash type bills

D : Loan payments from an un obvious source of income.

Answer: A,D

Question 2

Alerts are able to be triggered by external inquiries. The types of organizations involved in external inquiry are? (SELECT 2)

Options :

A : Other Financial Institutions

B : Journalists and/or Media

C : Law Enforcement

D : Regulators

Answer: C,D

Question 3

Does the analyst need to document every stage of the Alert Investigation?

Options :

A : True

B : False

Answer: A

Question 4

Bill needs do more research on a Nederland's based correspondent account. In order to produce an accurate risk rating he needs to find out if the Nederland's has a functioning AML regulation. Nederland's is under the European Union, what is the main AML regulation that bill needs to inspect?

Options :

A : Money Laundering and Bribery Act

B : Financial Action Task Force

C : Anti Money Laundering Directive

D : Bank Secrecy Act and US PATRIOT Act

Answer: C

Question 5

Are Red Flags permanent?

Options :

A : True

B : False

Answer: B

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