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How do drug traffickers and other criminals use the fine art industry to disguise illicit proceeds? A. They use forged or fraudulent invoicing of priceless works of art by auction houses B. They com... mingle legitimate and illicit proceeds by principals for payment of fine art C. They immediately resell priceless works of art after purchase from a foreign auction house D. They use anonymous agents to buy the art and have the payment wired from offshore havens - ✔✔D An anti-money laundering specialist at a large institution is responsible for informing senior management about the status of the anti-money laundering program across the organization. Which report is the most useful? A. The total credit exposure for non-cooperative countries and territories B. Results of related audits and examinations C. Details on inquiries received from law enforcement D. Notification of management changes in the different major divisions - ✔✔B [Show More]

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