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You are a law enforcement agent investigating an associate of Country X's former prime minister who is suspected of helping high-level government officials facilitate a scheme to misappropriate hundreds of millions of dollars in public funds. During your investigations, you uncovered a network of legal entities that you believe have been used to transfer and conceal the proceeds of this corruption scheme.
Through public record searches requests to law enforcement in other jurisdictions and subpoenas to financial institutions you have outlined the following arrangement.
* The associate contacted a relationship manager at a small private bank based in Country X to open a private bank account
* The associate's attorney created an offshore investment company Tropico, Ltd that holds the private banking account
* The associates attorney then appointed three shelf companies formed in Panama as Tropico's directors
* A fourth shelf company formed in the Cayman Islands was named as the primary shareholder You are now trying to determine the true owners behind the funds and assets concealed through this corporate structure Wh.ch is the MOST effect.ve next steptoidentify these individuals?

• A. Obtain a subpoena that requires the relationship manager to provide testimony on the ownership structure of the legal entities
• B. Obtain articles of incorporation for the three shelf companies formed in Panama and listed as Tropics directors
• C. Obtain articles of incorporation for the shelf company formed in the Cayman Islands that was listed as primary shareholder
• D. Obtain transaction records from the private bank to determine who transferred funds into the account after it was established

David is the owner of afast-foodrestaurant He has made deposits into his bank account totaling $123,000 of which S51,000 is from cash deposits of mostly small denominations David deposited the S51,000 into his bank account over a one-month period at three different branches using multiple employees to make the deposits which are detailed below.
Branch 1: Deposits were made on February 3 6 and 9 in the respective amounts-$4,000 S6,000 and $5,300 Branch 2: Deposits were made on February 6 9 and 12 in the respective amounts-S3,750, $3,200 and S9,850 Branch 3: Deposits were made on February 3 7. and 13 in the respective amounts-$5,300 $9,750 and $3,850 Which red flags are indicative of money laundering?
Choose 3 answers

• A. Conducting transactions at multiple branches
• B. Having individuals other than the account signatory make deposits
• C. Making multiple transactions under the reporting threshold
• D. Depositing round dollar amounts

Your Chent has been the victim of an investment fraud and he is in the process of obtaining a judgment against the perpetrator You have provided him with solid evidence that funds he invested in the scheme are on deposit in a domestic bank in the name of a shell corporation incorporated in another jurisdiction Through previous conduct by the perpetrator it can be demonstrated that not freezing the account could mean that the funds will be dispersed thereby frustrating a potential claim.
To protect the funds which should you suggest to your client?

• A. Provide a Mareva injunction to the bank
• B. Request a civil forfeiture action against the perpetrator
• C. Request a Norwich Pharmacal without gag order be issued to the bank
• D. File a Lis Pendens against the account

You work for a bank that is subject to U.S. sanctions overseen by the Office of Foreign Assets Control (OFAC). In the past your institution has had difficulty keeping the Specially Designated Nationals (SDN) lists up-to-date.
Which is the recommended course of action when dealing with transactions from a sanctioned country through your bank?

• A. Open the account and then contact the OFAC about blocking transactions
• B. Submit blocking and reject reports to the OFAC in writing
• C. Ignore the SDN lists because they appear to be out-of-date again
• D. Call Ihe OFAC to submit the blocking and reject reports

WhichtransactionMOST likely suggests the integration stage of money laundering?

• A. Deposits of large amounts of cash
• B. Multiple electronic fundstransfersbetween shell companies
• C. Large cash purchase of prepaid cards
• D. multi-countryimport/export invoices