Intermediate Anti-Money Laundering (AML)

Test your Intermediate-level Anti Money Laundering Aml skills in Regulations Compliance. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

What is the key purpose of Section 314(b) of the USA PATRIOT Act?

A. To mandate enhanced due diligence for private banking clients.

B. To require the reporting of cash transactions over $10,000.

C. To establish minimum standards for a Customer Identification Program.

D. To provide a safe harbor for financial institutions to share AML information.

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