Function of office of terrorism and financial intelligence

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Reference no: EM132099095

1. Facilitators are:

a. accountants

b. lawyers

c. real estate brokers

d. All of the above

e. None of the above

2. The 311 sanctions for the North Korea (DPRK):

a. Had Chinese banks cooperating in closing their accounts

b. Had the Banco Delta Asia Bank in Macau close their accounts

c. Were lifted due to diplomatic pressure from the US State Department

d. All of the above

3. Section 311 of the USA PATRIOT Act provides the Secretary with a range of options that can be adopted to target specific money laundering and terrorist financing risks most effectively.

a. Concerns a corporation without active business operations or significant assets.

b. Requires U.S. financial institutions to apply enhanced due diligence

c. Focuses only on terrorist financing

d. No need to prove culpability

e. All of the above

4. Protecting charitable organizations is a function of the Office of Terrorism and Financial Intelligence

True or False

5. OFAC is US government's financial intelligence unit

True or False

6. Viktor Bout became a target of the US Treasury through OFAC sanctions and then arrested because:

a. Developed the Hawala system

b. Operated a business that sold shell companies

c. He was protected by Al Qaeda

d. He sold narcotics internationally

e. He was a major arms supplier to civil wars in Liberia & Sierra Leone

f. He is a former Director of FinCen

Reference no: EM132099095

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