BSA Accounting -4.9

What stages are apart of money laundering?

• Placement

• Layering

• Circulating

• Washing

• Intergration

What venues are popular for the layering phase of money laundering?

• Hospitals

• Schools

• Libraries

• Casinos

What is a major challenge in fighting money laundering today?

• Public Awarness

• Lack of technology

• Global Markets

• PTC Training

What is the first step in money laundering?

• Extraction

• Placement

• Layering

• Intergration

What crime did Nick Wilder(Fox) commit?

• Tax Evasion

• Hurting Judy's Feelings

• Identity Theft

• Check Fraud

Tags

CCSS.RL.11-12.6

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

Which of the following is considered a red flag for money laundering in financial transactions?

• Small transactions below reporting thresholds

• Transactions in even amounts

• Transactions during business hours

• Transactions with clear economic purpose

Wire instructions only need to be confirmed for investments with new investment sponsors/companies

• True

• False

Terrorist Financing Signs

• High volume of incoming and outgoing transfers

• TSA

• Transactions involving foreign exchanges within a short time of transfer.

• Looking suspicious

Embezzlement occurs if funds are used for a different purpose than intended.

• True

• False

1. Which answer below is a form of check fraud?

• 1. Writing a check for your rent

• 1. Sending a check to a friend for their birthday

• Writing a check from an account that not yours

• 1. Signing a check from your account