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Updated: Jul 07, 2026
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1. A customer deposits cash amounts just below reporting thresholds at multiple branches over several weeks. The customer claims the funds come from restaurant sales but refuses to provide business records. Which money laundering stage is MOST likely represented?
A) Layering
B) Integration
C) Placement
D) Concealment
2. Potential risk indicators for a trade counterparty in trade-based money laundering include: (Select Three.)
A) Irregular or inconsistent trade volume and frequency that does not align with the historical trading behavior of the counterparty
B) Cash deposits or other transactions consistently below the relevant reporting thresholds
C) Transparent pricing structures with additional information provided to the receiving bank when pricing fluctuates by ±10%
D) Engaging in transactions and shipping routes or methods that are not in line with standard business practices
E) Contracts, invoices, or other trade documents containing detailed descriptions of the traded commodities
3. Which of the following is a critical consideration for private sector firms when sharing data and intelligence to combat financial crime?
A) The potential return on investment (ROI) from the data shared versus the financial crime prevention effort
B) The preference of upper management regarding which teams should participate in the data- sharing initiative
C) Ensuring that the shared data complies with applicable data protection regulations while maintaining the integrity and accuracy of the information
D) The cost of the data-sharing system and whether it its within the existing IT budget
4. Correspondent banking is considered a higher-risk banking sector because correspondent banking transactions:
A) Typically include less information than domestic payments
B) Are made primarily to and from high-risk jurisdictions
C) Can be made anonymously and without beneficial ownership information
D) Are made cross-border and on behalf of third parties
5. Which strategies are most effective for prioritizing resources within an anti-financial crime (AFC) program using a risk-based approach (RBA)? (Choose two.)
A) Providing equal resources to all departments to maintain consistency
B) Regularly reassessing risks to adjust resource allocation
C) Allocating more resources to areas with higher financial crime risk
D) Prioritizing resources towards lower-risk areas to reduce workload
E) Using a fixed resource allocation plan without adjustments
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,B,D | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B,C |
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