1.What is Money Laundering? Provide examples of Money Laundering. Explain why Anti Money Laundering Laws are...

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1.What is Money Laundering? Provide examples of Money Laundering. Explain why Anti Money Laundering Laws are important. 2. Explain in detail the role of each of the following in preventing money laundering and terrorist financing in the EU: Obliged Entities; Financial Intelligence Unit (FIU). You should refer to the AML EU directives in your answer. 3. Outline the principal features of the 4th Anti Money Laundering Directive. What does the 4th Anti Money Laundering Directive mean by a risk based approach? 4. The 5th Anti Money Laundering Directive introduces a number of changes on the 4th Directive. Outline the principal changes, providing reasons for their introduction. 5. What is the role of the compliance officer in an obliged entity in dealing with Money Laundering, drawing on the 4th and 5th Anti Money Laundering directive? 6. Outline the key features of Standard Customer Due Diligence. How does this differ from (i) Simplified Due Diligence and (ii) Enhanced Due Diligence? 7. How would you as a Compliance Officer conduct Customer Due Diligence? What does it entail? 8. Give your examples of potential compliance conundrums around money laundering and you respond as a compliance officer. 1.What is Money Laundering? Provide examples of Money Laundering. Explain why Anti Money Laundering Laws are important. 2. Explain in detail the role of each of the following in preventing money laundering and terrorist financing in the EU: Obliged Entities; Financial Intelligence Unit (FIU). You should refer to the AML EU directives in your answer. 3. Outline the principal features of the 4th Anti Money Laundering Directive. What does the 4th Anti Money Laundering Directive mean by a risk based approach? 4. The 5th Anti Money Laundering Directive introduces a number of changes on the 4th Directive. Outline the principal changes, providing reasons for their introduction. 5. What is the role of the compliance officer in an obliged entity in dealing with Money Laundering, drawing on the 4th and 5th Anti Money Laundering directive? 6. Outline the key features of Standard Customer Due Diligence. How does this differ from (i) Simplified Due Diligence and (ii) Enhanced Due Diligence? 7. How would you as a Compliance Officer conduct Customer Due Diligence? What does it entail? 8. Give your examples of potential compliance conundrums around money laundering and you respond as a compliance officer.

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1 What is Money Laundering Provide examples of Money Laundering Explain why Anti Money Laundering Laws are important Money laundering is the process of disguising the source of illegally obtained mone... View the full answer