Podcast
Questions and Answers
When did the term 'money laundering' originate in the United States?
When did the term 'money laundering' originate in the United States?
- 1980s
- 1970s
- 1990s
- 1920s (correct)
What was Al Capone known for during the time of the term's origin?
What was Al Capone known for during the time of the term's origin?
- International bank accounts
- Liquor smuggling (correct)
- Real estate investments
- Drug trafficking
Which international organizations played a role in developing guidelines to deter and combat money laundering?
Which international organizations played a role in developing guidelines to deter and combat money laundering?
- United Nations and World Bank
- United Nations and FATF (correct)
- Interpol and FATF
- European Union and FATF
What method did criminals use in the 1970s and 1980s to hide illegally obtained money?
What method did criminals use in the 1970s and 1980s to hide illegally obtained money?
What is the purpose of translating international guidelines into national regulations in Europe?
What is the purpose of translating international guidelines into national regulations in Europe?
What term is used for European directives created based on FATF guidelines?
What term is used for European directives created based on FATF guidelines?
What is the main purpose of Transaction Monitoring?
What is the main purpose of Transaction Monitoring?
Which two main work streams constitute the KYC field?
Which two main work streams constitute the KYC field?
Why do financial institutions closely monitor and analyze customer financial transactions?
Why do financial institutions closely monitor and analyze customer financial transactions?
What is the goal of Transaction Monitoring in preventing illegal activities?
What is the goal of Transaction Monitoring in preventing illegal activities?
What aspect of customer transactions does Transaction Monitoring primarily focus on?
What aspect of customer transactions does Transaction Monitoring primarily focus on?
How does Transaction Monitoring help financial institutions meet regulatory requirements?
How does Transaction Monitoring help financial institutions meet regulatory requirements?
