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An employee of Company A is injured in a car accident and rushed to a government-owned hospital in Country X. Prior to admitting the patient the head doctor insists that is it customary for foreigners to pay the hospital a generous donation" and insinuates that the patient will not be admitted without the payment.
The request is an example of which offense?

• A. Bribery
• B. Extortion
• C. Duress
• D. Solicitation

According to the Basel's Committee's Customer Due Diligence Paper how should a customer's first payment be carried out?

• A. Through an account in the customers name with another bank subject to similar customer due diligence standards
• B. Through an account in the customer's name in an established bank within the financial action task force zone
• C. Through an established money service business with a correspondent relationship with the financial institution
• D. Through a lawyer or other gatekeeper account with another bank subject to similar customer due diligence standards

You are asked to investigate a potential fraud at an automobile dealership. The president of Bank A provides inventory financing to the dealership and suspects that it may be providing fraudulent documentation to the bank to increase its funding.
Which documents would provide the MOST effective evidence of potential fraudulent activity?

• A. A list of vehicle identification numbers (VINs) at the dealership and Ihe accompanying internal bank list of VINs
• B. Internal dealership records displaying names and contact information of all buyers of cars in the last two years
• C. Shipping invoices for cars sold at the dealership and then transported out of state
• D. Registrations of all cars sold by the dealership

An internal auditor is conducting a quality assurance review of sales results and records for a large U.S.
based aerospace and defense contracting firm The auditor has been tasked with reviewing the recordsofsales departments in several countries because the company has raised concerns over accounting discrepancies and possible issues with inflated sales figures.
In the records of one sales department the auditor documents an unusually high number of returnsofairplane parts. These returns come from purchasers who executed sales contracts only to invoke right of return shortly afterwards.
Upon reviewing thesesales contracts,the auditor cannot find specific provisions regarding right of return for purchasers.
Given this information which is the MOST likely conclusion the internal auditor will make?

• A. The sales department manager may be involved in an embezzlement scheme tied to the returned airplane parts
• B. The sales department may be violating sanctions through the undocumented saleofdual-use goods to countriessubjectto U S sanctions
• C. The sales department may beinvolved in a fraudulent revenue recognition scheme related to hidden payment andrefundterms
• D. The sales department may be involved in a tax evasion scheme involving falsified returns to disguise undisclosed assets

In an attempt to ensure the selection of his bid for a government project in a foreign country Mr. Jones decided to pay off a foreign official who had the ability to influence the process Mr. Jones created a shell company to conduct the transaction.
In exchange for this influence Mr. Jones created a series of invoices that made it appear as if his shell company owed money to Ihe foreign official Mr. Jones wired money from his bank account in the US to the shell company in the foreign jurisdiction for credit to the government official Unfortunately for Mr. Jones, the official did not keep his promise and Jones did not gel the bid.
When did money laundering FIRST occurs?

• A. When Mr. Jones wired the funds to the shell company
• B. When Mr. Jones generated a series of false invoices
• C. When Mr. Jones created the shell company
• D. When Mr. Jones transferred funds from the shell company to the public official