Indicate which of the following types of businesses are MSBs

By eliminating face-to-face transactions, remote deposit capture (RDC) decreases the cost and volume of paper associated with physically mailing or depositing items and it reduces the risk of money laundering. 

Given that e-banking transactions are processed through high levels of technology they need not be subjected to EDD

What year were the FATF 40 Recommendations issued?

An advantage of e-cash accounts is that these cannot avoid border restrictions

When reviewing the account activity and transactions of a Foreign Respondent Bank to detect and report suspicious activity, what aspects of the customer’s strategic profile should be considered?

Generally, when documenting what you found through your process of investigation of an unusual transaction, you should:

Like other illegal activities, the laundering of terrorist financing generally involves transactions of substantially large amounts.

Irrespective of, and in addition to, the time frame to file a suspicious activity report, a financial institution must immediately notify by telephone an “appropriate law enforcement authority” and its primary banking regulator in situations that require immediate attention, such as for on-going money laundering schemes or terrorist financing.

SAR narratives are subjective and examiners should not criticize the bank’s interpretation of the facts.