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Download Certified Anti-Money Laundering Specialists Exam Dumps
NEW QUESTION 54
A money remittance business will most likely attract money launderers because it:
Answer: A,B,C
NEW QUESTION 55
Since its last regulatory examination, a financial institution has aggressively grown by adding profitable new products and services. The institution has not historically received regulatory criticism regarding its anti-money laundering compliance program. However, a recent regulatory examination cited significant deficiencies in the anti-money laundering program that were attributed primarily to the lack of oversight by the institution's leadership in implementing adequate controls over the new products and services.
Which area of international control should leadership first address to correct the weaknesses in the program?
Answer: C
Explanation:
Explanation/Reference:
NEW QUESTION 56
Which method is indicative of potential money laundering and terrorist financing activity?
Answer: D
NEW QUESTION 57
What is the term for trading through multiple accounts, where an individual generates offsetting profits and losses and transfers of positions through accounts that do not appear to be commonly controlled?
Answer: A
Explanation:
Explanation
"'Wash trading' through multiple accounts generates offsetting profits and losses and transfers of positions between accounts that do not appear to be commonly controlled"
NEW QUESTION 58
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