RAC US Dumps

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How to Pass RAPS (Regulatory Affairs
Professionals Society) RAC US Exam?
How to Pass RAPS (Regulatory Affairs
Professionals Society) RAC US Exam?
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2 RAC US Preparation Methods
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RAC US Real Exam Questions PDF
RAC US Test Engine
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Get RAC US Dumps
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Question No 1
What are three things to keep in mind while
conducting an internal investigation when there
is an on-going criminal investigation? A. The
need to continue to cooperate with law
enforcement B. The benefit of asking law
enforcement to discontinue its investigation
until the institution has had a chance to
complete its investigation C. The importance of
keeping law enforcement apprised as to what the
institution is doing D. The need to respect the
law enforcement investigation and to refrain from
doing things that might interfere with their
investigation Answer A, C, D
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Question No 2
The International Money Laundering Information
Network (IMoLIN) has what features? (Pick
three) A. An AML International Database B.
Current events C. Reference data D. A list of
PEPs Answer A, B, C
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Question No 3
What are three ways to engage in international
cooperation with regard to financial
investigations? A. Through the International
Money Laundering Information Network B. Through
Mutual Legal Assistance Treaties C. Through the
Central Intelligence Agency D. Through Financial
Intelligence Units Answer A, B, D
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Question No 4
The supervisory channel of sharing information
refers to sharing between what type of
entities? A. Financial regulators B. FIUs C. Law
enforcement agencies D. Central banks Answer A
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Question No 5
Which of the following should an anti-money
laundering specialist include on an internal
investigation log? A. Notes relating to a
background check of a prospective employee of the
company B. Supporting documentation and materials
for denying service to a client with a bad credit
rating C. Notes pertaining to activity that is
unusual D. Reference to a memorandum to the
company's corporate management relating to
budgetary and similar concerns Answer C
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Question No 6
What are three of the tenets / principles of
international sharing put forth by the Egmont
Group? A. Sharing should be possible on the
basis of reciprocity, including spontaneous
exchange B. Differences in the definition of
offenses should not be an obstacle in the free
exchange of information C. The exchange of
information between FIUs should take place as
informally and as rapidly as possible and with no
excessive formal prerequisites D. Exchange of
information should only occur if the offense at
issue is the same in both countries Answer A,
B, C
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Question No 7
What are three common red flags? A. Transactions
that flow through several different countries for
no apparent reason B. Transactions that are
premised on pre-approval by a government C.
Frequent transfers between accounts for no
apparent reasons D. Redemption of a large volume
of travelers' checks Answer A, C, D
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Question No 8
What are three commonly considered high risk
products? A. Correspondent banking B. Private
banking C. Mortgage financing D. International
activity Answer A, B, D
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Question No 9
What are three factors pertaining to geographic
risk? A. How strong the country's AML regime
is B. Whether the country is a member of the
EU C. Whether the country is a member of FATF D.
Whether the country has a strong regulatory
system Answer A, C, D
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Question No 10
Why is a risk-based approach preferable to a
formulistic approach? (Pick three) A. A
risk-based approach allows an institution to
focus on its highest risks B. An institution
cannot be expected to uncover all instances of
money laundering and fraud C. A risk-based
approach can take into consideration the
particular situation and circumstances of the
institution D. Compliance with a risk-based
approach is easier to implement and
evaluate Answer A, B C
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