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6 Cards in this Set
- Front
- Back
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Describe the three phases of money laundering.
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What are the two main reasons correspondent banking is vulnerable to money laundering? |
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Describe four types of risk associated with money laundering faced by a financial institution. |
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Identify and describe the three sections of the USA Patriot Act concerning due diligence U.S. financial institutions need to perform for relationships with foreign correspondent banking customers. |
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What is a concentration account? |
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What are the economic effects of money laundering? |
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