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In order to establish if a customer is a PEP, inquire about the official responsibility of the individual’s office

Internal controls should:

Under which of the following does a foreign person have direct access to a U.S. bank account

Policies, procedures and processes on bulk shipments of cash should include all of the following, EXCEPT:

Which of the following transaction types, entities, or circumstances should also cause the initiation of an OFAC check?

A bank can have an effective Bank Secrecy Act (BSA)/Anti-money Laundering (AML) compliance system without necessarily having performed an institution risk assessment.

Funds transfers can be used in the placement, layering, and integration stages of money laundering.

Experts generally believe terrorist financing comes primarily from which of the following sources?

A bank can shift customer identification responsibilities to its agents (such as car dealers or mortgage brokers) to verify the identity of its customers and to maintain appropriate records.

NRAs are not permanent residents and therefore they will generally not have a legitimate need to establish an account relationship with a U.S. bank.