Which action is a ‘tipping-off’ offence under s 123 of the AML/CTF Act? (Select all, if any, that apply)Group of answer choicesBank disclosed information about a SMR filing to its lawyer for the purpose of seeking legal adviceBank notifies customer that a SMR has been filedQualified accountant discloses information for purpose of dissuading customer from engaging in conduct which may amount to evasion of a taxation law, or criminal offenceBank asking customer (a dual citizen) to provide past/expired/other passports

What are the three types of Tipping off? (Choose all that apply) Sélectionnez toutes les réponses applicablesDisclosure of Financial Crime Controls Near misses Regulatory Tipping off (Official Breach) Disclosure of the customers transaction details over the phone

From the examples below choose the one that is an example of Tipping off. Choisissez la meilleure optionLetting someone know that an Suspicious Activity Report (SAR) or Unusual Activity Report (UAR) has been raised. Telling the customer their account balance as they have requested it Informing the customer of their last transaction on the account

According to AUSTRAC, what amounts to (or raises) ‘suspicion’ regarding the filing of Suspicious Matter Reports (SMRs)? (Select all, if any, that apply)Group of answer choicesIdentity of or associations of individuals or entitiesCountry or jurisdiction where money has been sent or receivedCircumstances e.g. lack of commercial logicRacial profileEthnic backgroundAmount or sources of money

According to AUSTRAC, what amounts to (or raises) ‘suspicion’ regarding the filing of Suspicious Matter Reports (SMRs)? (Select all, if any, that apply)Group of answer choicesEthnic backgroundIdentity of or associations of individuals or entitiesRacial profileCountry or jurisdiction where money has been sent or receivedAmount or sources of moneyCircumstances e.g. lack of commercial logic

According to the course materials, what are measures that can be taken to reduce financial crime involving correspondence banking? (select all, if any, that apply)Group of answer choicesAnti-Money Laundering Act of 2020 s 6308 grants US Treasury and DOJ authority to subpoena any record relating to a correspondent account ‘or any account at the foreign bank’, including records maintained outside the United States.Senior officer approval of all correspondent banking relationshipsUS ‘Patriot Act’ forfeiture powerBan correspondent relationship with shell banksDocumentation to support decisionsEnhanced due diligence of correspondent banking relationshipsAnnual review of all foreign correspondent bank relationshipsKeep all computer software up to date so to prevent cyber attacks