17. Why is it important for you to document your research? To determine whether your AST thresholds need to be adjusted To explain to a customer your reasons for rejecting them To justify the amount of time it takes to research customers To demonstrate your compliance efforts to auditors and supervisory authorities 18. Which is most important for structuring a customer profile? The structure is far more important than the content Leave the recommendation off of the profile so tra committee can decide the outcome It should be objective, clear, concise, and precise It should minimize any areas of concern, in case you decide to accept the customer 19. In many countries, individuals who suspect but fail to report money laundering to the appropriate authorities can be fined and imprisoned. False True 20. Customer profiles need to be refreshed and updated over time. Which of the following will determine the frequency of customer reviews? The jurisdiction in which you are located Your organization's risk-based approach The date the customer established the account with your organization Your transaction monitoring system's automated rules