A.They can't be traced to a central registry because whoever carries them is the purported owner.

B.They are a more affordable way of setting up a business in certain countries in the Caribbean.

C.Tax haven countries and their strict secrecy laws can further conceal the true ownership.

D.They are an excellent, quick effective way to set up a business in Delaware, Nevada, and Wyoming

E.They can be held under agreement by professionals as another layer of secrecy.

A.Manage the financial crime risk to your customer.

B.Manage the financial crime risk to your organization.

C.Manage the compliance risk of your organization.

D.Manage the compliance risk of your customer.

A.High Intensity Financial Crime Areas (HIFCA)

B.Lax Immigration Controls.

C.Global Financial Centers

D.Free Trade Zones.

E.Port Cities.

A.Preventative Controls.

B.Corrective controls.

C.Premeditated Controls

D.Incorrect Controls

E.Detective Controls.

A.The _______ line of defense is the compliance and internal control functions. That includes the chief money laundering reporting officer, or MLRO, in charge of managing and monitoring AML and CFT activities.

B.The ________ line of defense is internal audit. They perform an independent review of the controls applied by the lines of defense.

C.The _______ line of defense is also known as the front line, these customer-facing employees are best-equipped to get the information you need for your customer due diligence. Can include Operations, risk, and control teams.