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?

The Financial Action Task Force (FATF) recommendations offer specific guidance on the type of account opening documentation and information banks should obtain prior to opening an account.