Matching-each answer will be used only once.

1. This law prevents tax evasion and provides tools to fight organized crime.

2. This law reinforced anti-money laundering efforts by requiring strict identification and recording of certain monetary instruments

3. This law requires verification of the identity of purchasers of monetary instruments over $3,000

4. This law created three new criminal activities by, through, or to a financial institution.

a) Money Laundering Control Act of 1986 (P.L. 99-570)

b) 1988 Money Laundering Prosecution Act

c) Bank Secrecy Act of 1970 (P.L. 91-508)

d) Anti-Drug Abuse Act of 1988 (P.L. 100-690)

◦ Matching-You may use choices more than once1. This law strengthened penalties for financial

institutions found guilty of money laundering by giving the US Treasury the power to require financial institutions to report suspicious activities

2. This law requires Requires the Secretary of the Treasury to designate certain areas as being vulnerable to money laundering and related financial crimes.

3. This law requires establishment of anti-money laundering compliance programs by all financial institutions and establishment of a confidential communication system between government and the financial services industry.

4. This law requires each MSB to be registered by an owner or controlling person of the MSB.

5. This law requires the President to develop a national strategy for combating money laundering and related financial crimes and to submit such strategy each February 1st to Congress.

6. United and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001

a) USA PATRIOT Act of 2001 (P.L. 107-56)b) Money Laundering Suppression Act (MLSA) of

1994 (P.L. 103-325) c) Money Laundering and Financial Crimes

Strategy Act of 1998 (P.L. 105-310)d) Annunzio-Wylie Anti-Money Laundering Act of

1992 (P.L. 102-550)

Multiple Choice1. Civil penalties range from the amount of the

transaction up to $100,000 or $25,000 for willful violations by any of the following EXCEPT:

a) Partnerb) Employerc) Directord) Employee

2. The law enforcement agency that administers economic and trade sanctions against targeted countries, terrorists, international drug traffickers, and those engaged in the proliferation of weapons of mass destruction.

a) FinCENb) OFACc) SARd) CTR