An employee of Company A is injured in a car accident and rushed to a government-owned hospital in Country X. Prior to admitting the patient the head doctor insists that is it customary for foreigners to pay the hospital a generous donation" and insinuates that the patient will not be admitted without the payment.

The request is an example of which offense?

John purchased a property live years ago Real estate records show that two years ago, John transferred his interest to a third parley Susan. Susan obtained a mortgage on the properly with a mortgage company Company Z.

John maintains the properly and pays the mortgage and taxes John only lives there on the weekends John also rents a room to someone who lives at the property full time.

You are the investigator tasked with identifying the property's beneficial owner Who is the beneficial owner?

A new banking customer is flagged as a politically exposed person (PEP) from a developing country. This country is known for graft corruption, political oppression and very recently kleptocracy. You are an officer at a bank responsible lor determining if the bank will do business with this PEP.

Given your responsibilities as an officer which course of action is MOST ethical?

During a risk assessment of its trade finance operations, XYZ Bank identifies a high volume of transactions involving shell companies with obscure ownership structures. What is the most appropriate action for XYZ Bank to take in response to this finding?

A client is introduced to a bank by an intermediary The intermediary is a reputable financial institution that is regulated in a foreign FATF compliant jurisdiction Regulation applicable to the bank requires the bank conduct due diligence with respect to the intermediary's clients

Which statement is true in this situation according to the 2012 Wolfsberg Principles on Intermediaries?

A compliance officer at AirPlus a large aerospace firm that produces airplanes for commercial and military use was contacted by a director of one of the firm's business partners The director had concerns over potential irregularities in recent transactions and business dealings in matters connected to AirPlus and her company.

The business partners company is located in a country where state-owned enterprises are heavily involved in the airline industry AirPlus has recently won several large contracts in the country to build airplanes for slate-owned enterprises.

The director of the partner company believes these contracts may have been secured through bribes paid by AirPlus to government officials and suspects that the recent unusual activity she has noted indicate her company was utilized in the bribery scheme.

The director has flagged four instances to bring to your attention Which is the BEST indicator of bribery?

Mark Jameson manages a grocery store and is responsible for making the nightly cash deposits Before leaving for vacation Mr. Jameson misappropriated part of one nightly deposit and initiated a wire transfer to his personal account at another bank. The next day he withdrew the money and used it to gamble in the casino he was visiting (or vacation He won and the casino presented him with a check which he deposited in another personal account when he returned home.

Which phase of money laundering does the money he gambled with represent?

Old Stuff Inc is a high-end antique dealer They regularly have large sales to customers from around the globe.

Recently its account has been receiving several high-value fund transfers from a single overseas company and most of the money is substantially remitted back to the customer in a single transaction as refunds.

This is a red flag for which type of money laundering scheme?

A real estate developer secured a $9.5 million construction loan from the Bank of China for a high-rise office building When the developer declared bankruptcy. The bank realized that this had become a problem loan and they began to investigate the borrower.

The developer had submitted False invoices for work that was never performed In addition, a portion of the loan money was deposited into the construction business account to pay subcontractor invoices. These invoices were never paid instead the money was diverted into private bank accounts owned by the developer and his family members.

Which type of financial crime did the forensic audit uncover?

You are Ihe chief anti-money laundering officer of a lull-service bank and you are designing a risk-based customer acceptance program to determine the Terrorist Financing risks specific to not-for-profit (NFP) organizations.

Which enhanced due diligence activity is MOST essential for these types of client relationships due to the elevated risk that NFPs pose?