It is important all training attendance lists be completed and retained for recordkeeping purposes.

Prepaid access is defined as access to funds or the value of funds that have been paid in advance and can be retrieved or transferred at some point in the future through an electronic device or vehicle, such as a card, code, electronic serial number, mobile identification number or personal identification number.

20. Ustedes ________________.

Preparing for an examination or internal audit starts when the first day letter is received.

Banks may face challenges in controlling or knowing the location of remote deposit capture (RDC) equipment because the equipment can be readily transported from one jurisdiction to another.

The bank’s AML compliance officer should have ready access to the bank’s board of directors.

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

A risk factor when dealing with bulk cash shipments is knowing the true origination of the cash.

When considering an institution’s geographic money laundering risk factor, countries sanctioned by OFAC are only important to a US financial institution

Aggregating BSA/AML risks on a consolidated basis for larger or more complex organizations may enable an organization to better identify risks and risk exposures within and across specific lines of business or product categories.