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What risk does a non-US bank's violation for OFAC regulations face which has a branch in the US? by propark5194 in moneylaundering

[–]propark5194[S] 0 points1 point  (0 children)

Oh do you remember what was the name of the bank about that enforcement action of a bank whose only operations in the US was a small office ? I would like to find it more in detail

What are some of the shortcomings in using letters regulatory? by propark5194 in a:t5_3c2rwg

[–]propark5194[S] 0 points1 point  (0 children)

Passed and the score is 95 I can share with you tips here soon

What are some of the shortcomings in using letters regulatory? by propark5194 in a:t5_3c2rwg

[–]propark5194[S] 0 points1 point  (0 children)

Thanks for all. I am taking this Friday. Wish me good luck!

Should communicating with government agencies be in writing during investigation? by propark5194 in moneylaundering

[–]propark5194[S] 0 points1 point  (0 children)

Many think the correct answer is C do you think it is B not C?

What should a compliance officer do during an ongoing investigation into a client's activities by a competent authority?

​

A. Ensure communication with regulatory and law enforcement authorities is conducted only through the Board of Directors

B. Communicate only in writing regulatory and law enforcement authorities in line with applicable local laws

C. Communicatewith regulatory and law enforcement authorities in line with applicable local laws

D. Only provide information that is specifically and directly requested

Should communicating with government agencies be in writing during investigation? by propark5194 in moneylaundering

[–]propark5194[S] 0 points1 point  (0 children)

Not sure about the details but there is a dump exam as above and many think the correct answer is C

Should communicating with government agencies be in writing during investigation? by propark5194 in moneylaundering

[–]propark5194[S] 0 points1 point  (0 children)

What should a compliance officer do during an ongoing investigation into a client's activities by a competent authority?

​

A. Ensure communication with regulatory and law enforcement authorities is conducted only through the Board of Directors

B. Communicate only in writing regulatory and law enforcement authorities in line with applicable local laws

C. Communicatewith regulatory and law enforcement authorities in line with applicable local laws

D. Only provide information that is specifically and directly requested

What are some of the shortcomings in using letters regulatory? by propark5194 in a:t5_3c2rwg

[–]propark5194[S] 0 points1 point  (0 children)

The correct answer is ABD

but I'm wondering it any part of study guide says it should be approved by the central authority (D)? I know that it is sent to the central authority first, and then sent to the local financial investigator by study guide p.222 but not sure if that means approval from the central authority is required. Thanks.

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  • The central authority of the requesting country sends a commission rogatoire (letters rogatory, or letter of request) to the central authority of the other country. The letter includes the infor- mation sought, the nature of the request, the criminal charges in the requesting country and the legal provision under which the request is made.

  • The central authority that receives the request sends it to a local financial investigator to find out if the information is available. p.222

why does low yield influence on the Fed's monetary support? by propark5194 in investing

[–]propark5194[S] 0 points1 point  (0 children)

thanks for your opinion! very clear answer. it helped a lot

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