2023 with complete solution
What option describes what makes pouch activity MOST vulnerable to money
laundering? Ans – They enable money launderers to structure using monetary
instruments.
Which option describes why U.S. dollar drafts are MOST vulnerable to money
laundering? Ans – They make it easy for the money launderer to conceal the source of
funds once the illicit funds are no longer in cash form.
How do bulk cash shipments occur? Ans – Between two banks even when the receiving
bank does not take physical possession of the currency and the currency goes to the
Federal Reserve.
Which parties may be involved in bulk cash shipments? Ans – The shipper, the
common carrier, and the consignee.
The CTR exemption process divides businesses into two categories, Phase I and
Phase II. Which type of entity would be eligible for a Phase I exemption? Ans –
Starbucks Express, a subsidiary of Starbucks.
A domestic correspondent account is an account __<\/em><\/strong>. Ans – Held by one
domestic bank with another domestic bank.
Which international partner in the AML network provides a forum for FIUs to improve
international AML\/CFT cooperation and to promote the implementation of domestic
programs in this field? Ans – Egmont Group of Financial Intelligence Units.
The following two organizations specialize in conducting assessments for countries to
ascertain compliance with the FATF Recommendations: Ans – \u2022 International Monetary
Fund (IMF),The World Bank.
the following two international organizations focus on counteracting transnational illicit
drugs, crime, and terrorism: Ans – \u2022Organization for Economic Co-operation and
Development (OECD)
\u2022United Nations Office on Drug and Crime (UNODC).
Which two organizations provide technical assistance to member countries for the
assessment of their compliance with the international standard as contained in the
FATF Recommendations? Ans – International Monetary Fund (IMF) and The World
Bank (Financial Market Integrity Group).<\/p>\n\n\n\n
Which three options identify aims of the UNODC work program? Ans – Assist with CAFP 1 Actual Questions and Answers 2023 with complete solution CAFP 1 Actual Questions and Answers2023 with complete solutionWhat option describes what makes pouch activity MOST vulnerable to moneylaundering? Ans – They enable money launderers to structure using monetaryinstruments.Which option describes why U.S. dollar drafts are MOST vulnerable to moneylaundering? Ans – They make it […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-130184","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=130184"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/130184\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=130184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=130184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=130184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
increasing specialized expertise and skills of criminal justice officials, Enhance
international and regional cooperation in combating the financing of terrorism through
information exchange and mutual legal assistance, Strengthen legal, financial and
operational capacities to deal effectively with money-laundering and the financing of
terrorism.
Among the international partners in AML, which two organizations focus primarily on tax
and anti-money laundering practices and fighting transnational crimes, including illicit
drugs, crime and terrorism? Ans – OECD, (UNODC).
IMF? Ans – focuses on AML\/CFT technical assistance and the assessment of member
countries’ compliance with the FATF Recommendations.
Egmont Group? Ans – primary role is to promote the development of FIUs and facilitate
their cooperation in the areas of information exchange, training, and the sharing of
expertise.
What entities comprise the Basel Committee on Banking Supervision? Ans – Central
banks.
Which international organization focuses its anti-money laundering (AML) efforts
primarily on customer due diligence? Ans – The Basel Committee on Banking
Supervision.
In what way did the Financial Action Task Force (FATF) methodology for conducting
mutual evaluations change in 2012? Ans – FATF now adds an effectiveness
assessment as a new component.
Which option describes the work of the Wolfsberg Group? Ans – To develop
frameworks and guidance for the management of financial crime risks, particularly with
regard to Know Your Customer.
Which option identifies the two international organizations that run the Stolen Asset
Recovery (StAR) Initiative? Ans – The World Bank and the United Nations Office on
Drug and Crime (UNODC).
Which international organization focuses its efforts primarily on tax crimes? Ans – The
Organisation for Economic Co-operation and Development (OECD).
Which option identifies the two international organizations that assist the Financial
Action Task Force (FATF) in assessing countries’ compliance with anti-money
laundering\/counter financing of terrorism (AML\/CFT) requirements? Ans – The World
Bank and the International Monetary Fund (IMF).
Powered by https:\/\/learnexams.com\/search\/study?query=<\/a><\/p>\n\n\n\n![\"\"](\"https:\/\/learnexams.com\/blog\/wp-content\/uploads\/2023\/12\/CAFP-1-Actual-Questions-and-Answers-2023-with-complete-solution-725x1024.png\")
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