Chapter 2 - 40 recs chart Flashcards
What are the first 4 of 7 groups in the chart
- AML/CFT Policies and coordination
- Money laundering and confiscation
- terrorist financing and financing of proliferation
- Financial and nonfinancial institution preventative measures
what are 5 through 7
- transparency and beneficial ownership of legal persons and arrangements
- powers and responsibilities of competent authorities and other institutional measures
- international cooperation
What is the first group
- AML/CFT policies and coordination
What are the 2 subheadings under that
Assesing risks and applying a risk based approach
National cooperation and coordination
What is the second group
Money laundering and confiscation
What are the two bullets under that
Money laundering offenses
Confiscation and provisional measures
What is the third group
Terrorist financing and financing of proliferation
What are the 4 bullet points under that
Terrorist financing offenses
Targeted financial sanctions related to terrorism and terrorist financing
Targeted financial sanctions related to proliferation
Nonprofit organizations
What is the fourth group
Financial and nonfinancial institution preventative measures
What are the 6 bullet points under that
financial institution secrecy laws
Customer due dilivence and record keeping
additional measures for specific customers and activities
reliance, controls and financial groups
reporting of suspicious transactions
designated nonfinancial businesses and professions
What is the fifth group
transparency and beneficial ownership of legal persons and arrangements
what are the two bullet points under that
transparency and beneficial ownership of legal persons
transparency and BO of legal arrangements
What is the 6th group
Powers and responsibiulities of competent authorities and other institutional measures
what are the 4 bullet points under that
regulation and supervision
operational and law enforcement
general requirements
sanctions
what is the 7th group
international cooperation
