According to the Second European Union Money Laundering Directive, what may knowledge of criminal conduct be inferred from?

A. Subjective, factual circumstances

B. Objective, factual circumstances

C. Objective, non-factual circumstances

D. Subjective, non-factual circumstances

A compliance officer at a small local bank reads in the newspaper that a high ranking local public official, who is a long-standing account holder, is being investigated by the competent authorities for accepting bribes. The compliance officer

immediately checks the official's account and new account the official opened at the bank a few weeks ago. The compliance officer's investigation of these accounts discloses that the official's long-standing account had no unusual activity

and that the recently opened had no activity since it was opened.

What should the compliance officer do next?

A. Wait until the new account receives funds and confirm their source

B. Call the competent authorities to assess the need to file a suspicious transaction report

C. Meet with staff who opened the account to understand its nature and purpose

D. Call the office to confirm the need for multiple accounts

A bank operates in multiple countries and offers a variety of products and services. The compliance officer recently joined the bank and wants to better understand the inherent level of anti-money laundering risk across the entire organization. Which two factors should be considered? (Choose two.)

A. The Transaction Monitoring program

B. The Customer Due Diligence program

C. Countries that the bank operates in

D. Products and services offered by the bank

A large international bank has detected potentially suspicious activity in one of its customer accounts. Following an investigation, the bank has determined the activity to be typical of suspected money laundering. To which entity should this activity be reported on a suspicious transaction report according to Financial Action Task Force?

A. National Security Council

B. Financial Intelligence Unit

C. Local law enforcement agency

D. Federal law enforcement agency

What are the three basic functions of a national financial intelligence unit?

A. Compile, assess, monitor

B. Train, share, collect

C. Investigate, report, record

D. Receive, analysis, disseminate