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 a number of U.S. bank drafts from various foreign banks in even amounts of $50,000 to $100,000.

The  AML Act includes a requirement for beneficial ownership information reporting regime.

The methodology used by the Black Market Peso Exchange (BMPE) is designed solely to smuggle currency across the U.S. border.

International ACH Transaction (IAT) is a new Standard Entry Class code for ACH payments that enables financial institutions to identify and monitor international ACH payments.

The following bank reports (where available) should be integrated into the bank’s suspicious activity monitoring systems:

A bank’s BSA/AML compliance program must:

ACH transactions are low-risk and do not require monitoring.

Which of the following should be quantified if you are evaluating the risk of the bank’s customer base?

Enterprise risk management effectively eliminates requirements for individual subsidiaries’ BSA/AML compliance programs, as they are folded into the enterprise risk management program.

Risk assessments should be updated under which of the following circumstances?