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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Building an AFC Compliance Program | ||
| Topic 2: Global AFC Frameworks, Governance and Regulations | - AML Regulatory Framework (Elective options: Canada, EU, UK, USA) | |
| Topic 3: Understanding Risks and Methods of Financial Crime | 30% | - Financial Crime Risks related to Politically Exposed Persons (PEPs) and high-risk customers - Financial Crime Risks related to gaming and gambling - Financial Crime Risks related to MSBs, PSPs, and ecommerce platforms - Financial Crime Risks related to products within other financial sectors - Financial Crime Risks related to gatekeepers - Financial Crime Risks related to real estate - Financial Crime Risks related to trusts and company service providers - Financial Crime Risks related to VASPs, cryptoassets, and related products - Financial Crime Risks related to insurance products |
| Topic 4: Tools and Technologies to Fight Financial Crime |
An AML analyst discovers multiple accounts using the same phone number and address but under different names. What is the MOST likely concern?
Correct Answer: B 🗳️
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The Wolfsberg Group's AML Principles on Private Banking:
Correct Answer: D 🗳️
Which statement best describes a key money laundering risk associated with virtual asset service providers (VASPs), cryptoassets, and related products?
Correct Answer: D 🗳️
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Which risk factors are associated with acquiring and servicing the banking activities of customers considered higher risk for financial crime activities? (Select Three.)
Correct Answer: A,B,E 🗳️
An organization is developing a comprehensive anti-money laundering (AML) framework. Which of the following statements best describes the relationship between AML policies and procedures?
Correct Answer: A 🗳️
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