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What should the financial crime investigator do next?
CLIENT INFORMATION FORM Client Name: ABC Tech Corp Client ID. Number: 08125 Name: ABC Tech Corp Registered Address: Mumbai, India Work Address: Mumbai, India Cell Phone: "*•"'" Alt Phone: "*""* Email: ........" Client Profile Information: Sector: Financial Engaged in business from (date): 02 Jan 2020 Sub-sector: Software-Cryptocurrency Exchange Expected Annual...
What steps should the investigator perform in reference to the first client's existing accounts?
A client with many personal and business deposits with the financial institution (Fl) seeks a business loan. The client wants to guarantee the loan with a trust for which they are the beneficiary. An investigator examines the trust. The trust has many layers, including shell companies in known tax havens....
As a result of the account review, of which illegal activity does the investigator have reasonable grounds to suspect Richard Aston?
Refer to the exhibit. During a review of the accounts related to Richard Aston, an investigator notices a high number of incoming payments from various individuals. They also notice that these incoming payments typically occur during large sporting events or conferences. As a result of the account review, of which...
Which activity type should they target?
Law enforcement (LE) suspects human trafficking to occur during a major sporting event LE officers asked several financial institutions (FIs) to monitor financial transactions occurring before, during, and after the event. An investigator identified a pattern linked to a business. The business' account received multiple even dollar deposits between midnight...
A KYC specialist from the first line of defense at a bank initiates an internal escalation based on a
A KYC specialist from the first line of defense at a bank initiates an internal escalation based on a letter of credit received by the bank. MEMO To: Jane Doe. Compliance Manager, Bank B From: Jack Brown, KYC Specialist, Bank B RE: Concerning letter of credit A letter of credit...
