What are four key elements that a KYC program should contain according to the Basel Committee requirements?

A quarterly review is conducted on a retail customers account at a bank located in a jurisdiction with currency reporting thresholds. A number of large deposits of financial instruments drawn on other institutions in amounts under thresholds were noted. This activity did not fit the accounts historical profile. A suspicious transaction report will most likely be filed if what also occurred?

A law enforcement agency is reviewing a suspicious transaction report (STR) filed by a financial institution forsuspicious activity on a client’s account. Subsequently, the agency requests further information.
Which supporting documentation might the law enforcement agency request from the institution to facilitate itsinvestigation?

A retail bank has just acquired a credit card business. The bank’s anti-money laundering policy requires thatnew employees are trained within 30 days of their hire date and refresher training is delivered to all employeeson an annual basis.
Is the bank’s existing anti-money laundering training adequate to be delivered to employee of the newlyacquired credit card business?

The compliance officer for a private bank has been tasked with writing a policy on how the bank will deal withintermediaries.
Which two aspects should be included in the policy in respect of intermediaries to align it with the WolfsbergAnti-Money Laundering Principles for Private Banking? (Choose two.)