A. Compliance

B. The KYC Analyst

C. Law Enforcement

D. Regulators

A. The _______ line of defense is also known as the front line, these customer-facing employees are best-equipped to get the information you need for your customer due diligence. Can include Operations, risk, and control teams.

B. The ________ line of defense is internal audit. They perform an independent review of the controls applied by the lines of defense.

C. The _______ line of defense is the compliance and internal control functions. That includes the chief money laundering reporting officer, or MLRO, in charge of managing and monitoring AML and CFT activities.

A. Adding a new beneficial owner after the establishment of the business relationship

B. Opening a new account without a local telephone number or utility bill

C. Sending large amounts of money to family in their home country with known sources of income

D. Making multiple cash deposits just under the reporting threshold

A. if higher risk or difficult to assess.

B. Financial Institutions use EDD only when the geographical trigger event.

C. If lower risk of easy to assess.

D. Financial Institutions use EDD only when the product trigger event.

A. Country of employment

B. Country of residence

C. Country of citizenship

D. Country of birth

A. Discussions with the customer should refrain from tipping off the customer.

B. Communication with the customer should only be performed by the AML officer.

C. Communication with the customer should be performed on a secure phone line.

D. Discussions with the customer should focus on the nature of the due diligence request.

A. Companies registered with the SEC.

B. Insurance Companies.

C. Broker Dealer.

D. Pay Day Loan Companies.

A. Depends on the client.

B. No.

C. Yes.

A. Customer country/jurisdiction of establishment

B. Customer size in terms of the number of employees

C. Number of years the company has been in operation
B Number of countries the company operates in

A. Disclosure of a suspicious transaction report to the subject of that report

B. Disclosure of information to a regulatory body

C. Request of additional information with respect to a client's behavior

D. Disclosure of inside information based on KYC knowledge of a specific client