*NURSING > EXAM > AMLS Review Test 2 (Latest 2023 / 2024) Complete Questions & Answers 100% Correct (All)

AMLS Review Test 2 (Latest 2023 / 2024) Complete Questions & Answers 100% Correct

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1. Brad is an agent working with a large general agency. He has just saw a very large life insurance policy to a client who islater discovered to be part ofa terrorist network. And restaurant back t... o the same of this life policy couldbe viewed as which of the following Answer: Placement 2. All of the following are descriptive of the anti-money laundering program required by the regulation except Answer: One size fits all 3. The purpose of which of the following components of the AML program isto help employees recognize high risk accounts and suspicious activity Answer: - Training program 4. Which of the following insurance policies presents the greatest risk of money laundering? Answer: Life insurance policy 5. Purchasing an annuity with money from criminal activity is an exampleof Answer: Placement 6. Before his clients Wes is about as part of a terrorist network Brad was several months into the Seo when he noticed that his client was comingin about once every two weeks and making a premium deposit. He also requested a 1035 exchange and transfer funds from another policy into the policy Brad set up for him. This would be out and if I ask which step in the money laundering process Answer: Layering [Show More]

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