Dec ’10 – Feb ’11 Quiz Issue: Vol. 10 No. 1 Please login or join today for member only downloads and resources. Take the Quiz 1. What are some of the preferred locations one can find the innovative GOLD to go machines (gold vending machines)?* A) Germany, Switzerland and Austria B) Airports, hotels, shopping centers, casinos, cruise liners, banks and jewelry shops C) Precious metal dealer shops 2. According to the California Attorney General’s Office in 2010, which crime has been classified as the “Crime of the 21st Century?”* A) Elder abuse B) Human trafficking C) Mortgage loan fraud 3. Being able to effectively communicate the why, how and when of compliance policies, procedures and justifications is a key component of organizational AML success.* True False 4. New products will continue to expand the scope of AML compliance programs, but you can stay on top of all the changes by developing a formal process to document the assessment of the AML risks and partnering with the new products.* True False 5. What should a firm consider when implementing a formal documented account closing process?* A) The internal stakeholders should be involved in the process and types of accounts that should be referred B) Process documentation through written policies and procedures C) A centralized unit responsible for communicating account closure decisions to other lines of business D) All of the above Δ
