Resources
Our procedure documents are saved to what site?
Due Diligence SharePoint
What is unique about Cuba and North Korea, besides being OFAC?
They're the only two countries that score for citizenship only (ex: US Permanent residents will still be scored high-risk)
This section of the High-Risk Review form is completed with "N/A" if the client has no AML investigation history in the past 12 months
Section 4
High & Ultra High-Risk Procedures: Risk-Based Approach definition (page #)
10
Three types of Alerts in Actimize are
PRE - Promote to Case
PRE - Other Escalation
HRC - High Risk Client
When I have a question, I should NOT use these colleagues as my first resource
New Hires (each other)
$70,000
This section of the review form identifies what the client is scored for with 50+ or higher, or any manual risk adjustments
Section 2
Page you can find "Liz's favorite things" in the Due Diligence Desktop Procedures
Quick Close Guide, page 110
What you do if you find that a case you've been assigned includes a risk factor you've not been trained on yet.
Engage your TL or Manager to have the case reassigned
Two things I can find in each Risk Factor folder are..
Training documents, case examples, reference guides
For ACH or Wires with an OFAC counterparty, what 3 items need to be addressed per the External Research Matrix (assuming the counterparty is not well known)
Internet research, World Check, and OFAC Bridger Report
Expected activity, transactional analysis, and comparison write-ups belong in this section
Section 5
When reviewing an individual client that is high-risk, these parties are included in the review
Personal account co-owners/co-borrowers, Powers of Attorney, Sole Prop/DBAs, minors (with caveats)
High & Ultra High Risk Desktop Procedures page 7
True or False: QC/Pre-QC is solely responsible for finding my errors
False - all efforts should be made to review your work for errors prior to submitting
Hogan & LCL3 system guide
Manual Risk Adjustment scoring for Pouch activity lasts for how long?
2 years since last Pouch transaction
True or False, section 1 notates the type of review being conducted
True (initial vs. periodic)
It's been 6 months since you last worked a Pouch case. Where can you find information and instructions (document & page number)
Due Diligence Desktop Procedures, Page 71
Liz believes this to be the most important part of any case or review
KYC: Know Your Customer
Three places or people I can go to with questions are
Procedures, Risk Factor, System Guides
Team Chats, TL Office Hours, TL/Manager
SAR scoring lasts for how long?
18 months since filing
This section should touch on what we know about the client such as why they're being reviewed, their occupation/wealth, and history with the bank
Section 3
When can an EDD investigator complete Beneficial Ownership without needing to engage the LOB?
Full Exclusions can be certified by EDD on our own, see page 17 & Page 132 of the Due Diligence Desktop Procedures
What type of products require a Hogan ACDT screen be printed?
Lending, except credit cards and LIQs.
(CLS, HEI, HEO, ALS, ARC,
OLO, OLI)