In the following situation, indicate if the person is a PEP or is not a PEP: A construction company owned by a British Virgin Island company that is in turn owned by a partnership that includes a senior officer in a foreign country’s military

A bank can have an effective Bank Secrecy Act (BSA)/Anti-money Laundering (AML) compliance system without necessarily having performed an institution risk assessment.

In the following situation, indicate if the person is a PEP or is not a PEP:  The governor of the state in which your U.S. bank is located

Remote deposit capture (RDC) services may increase risk of issues with recordkeeping, as well as data safety and integrity

AML monitoring systems should be based upon each customer’s historical activity.

U.S. banks should obtain substantially the same information on its PTA customers whose transactions will pass through the U.S. bank as it obtains on its domestic customers.

The bank’s AML compliance officer is ultimately responsible for the institution’s compliance with the regulations.

OFAC may grant general or specific licenses to engage in otherwise prohibited transactions

Under which of the following does a foreign person have direct access to a U.S. bank account

Indicate which of the following types of pouch transactions from a foreign respondent bank are likely to: (1) be indicative of suspicious activity and should be further investigated; or (2) not be indicative of suspicious activity. The pouch includes multiple money orders purchased by various remitters, and all payable to the same person.