Please provide sources:

Which situation is the highest risk for money laundering and terrorist financing activity?

• A. A customer purchases casino chips, using small denomination bank notes, but does not engage in game play before redeeming the chips for a casino check
• B. A customer purchases casino chips and engages in significant game play before requesting a casino check for the remainder
• C. A customer purchases casino chips using a credit card and engages in minimal game play before redeeming the chips for a casino check
• D. A customer purchases casino chips using credit from an account at an affiliated casino and engages in significant game play before redeeming the chips for a

The Board of Directors and the senior management of a financial institution should ensure that which three are established and followed with regard to an effective AML program?

• A. There is a strong compliance program
• B. International guidance is followed and understood
• C. They are kept informed of all major AML issues
• D. Regulatory compliance is made part of all relevant job descriptions

When providing reporting of STRs to the board, which of the following should be provided?

• A. A numerical summary of all the STRs
• B. A numerical summary of all the STRs and a summary of key STRs, including PEPs, key employees
• C. A summary of all key STRs, including PEPs and key employees
• D. All the STRs filed with the national FIU

A customer comes into a financial institution and deposits a large amount of cash. He has never done that before. When asked about the deposit, he indicates he recently sold a used car and received cash. He does not trust forms of payment and is wary of counterfeit money orders. What should the bank do?

• A. The bank has received a plausible explanation, so it should do nothing
• B. While the explanation appears plausible, the institution should, for a period of time, monitor the account for cash transactions and suspicious activity
• C. While the explanation may be plausible, the institute should nonetheless file a Suspicious Transaction Report to protect itself
• D. The institution should close the account before another issues arise