On who does the ultimate responsibility for an institution’s anti-money laundering program rest?
What are two requirements of United States financial institutions when conducting business with an
international institution as a result of the USA PATRIOT Act? (Choose two.)
A financial institution files a suspicious transaction report on a customer as the result of a high volume of large currency deposits to pay off a loan. A law enforcement officer calls the anti-money laundering officer to discuss the suspicious transaction report. Which of the following is the anti-money laundering officer legally permitted to do?
1. Discuss any aspects of the reported activity.
2. Provide copies of the customer's loan documents.
3. Explain the customer's loan payment history.
4. Send the deposit documents referenced in the suspicious transaction report.
Which of the following customer transactions with a securities dealer would indicate the highest suspicion of money laundering?