For which of the following is a bank most likely to be in danger of receiving a cease and desist order?
What should a bank do when it receives a request from a customer to transfer funds to an individual in Iraq?
Which of the following is MOST effective in strengthening an anti-money laundering program involving cash transactions?
The BSA officer has just been notified by the chief operations officer that, due to a glitch in the bank's OFAC interdiction software, wires have been regularly transmitted to a bank on the SDN list. Based on the OFAC Enforcement Guidance, what should the BSA Officer do FIRST to attempt to mitigate any penalties?
A routine review of account records reveals that suspicious activity involving foreign currency has occurred in the account of one of the bank's directors. Which of the following actions should be taken FIRST?
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