AML EXAM CE 15 ACTUAL QUESTIONS

AML EXAM (CE) 15 (ACTUAL / ) QUESTIONS

AND100% VERIFIED CORRECT ANSWERS

• The information an insurance agent must collect for customer identification

purposes depends on

• the amount of money the customer is worth.
• The amount of money the customer spends.
• whether the insurance product the customer is purchasing at a low or high risk

for money laundering.

• the size and resources of the insurance company.
• Whether the insurance product under consideration is at a low or high risk for

money laundering

• Tony demarco successfully laundered $75,000 of drug money, In doing so, he

went through each of the following processes EXCEPT

• placement
• replacement
• layering
• integration

b

• The ABC insurance company sells all of the following products. which of these

products must be covered in the insurance company's AML training program?

• term life insurance 1 / 2

• group life insurance
• structured settlements
• Annuities

C

• On which of the following products should an insurance company focus its AML

monitoring activities on?

• automobile insurance
• homeowners insurance
• annuities
• health insurance

c

• Which of the following components of an insurance company's AML program

will best teach insurance agents how to recognize high-risk accounts and suspicious account activity

• program audit
• training program
• compliance officer
• program policies

b

• To adminster and maintain its aml program, which of the following should the

ABC insurance company hire?

• a compliance officer
• / 2