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the answer key to money laundering for cvs learnet


#1

Some questions: 1) The Money Product Alert Form must be filled out for all transactions attempted or conducted that are suspicious in nature. Who are the individuals allowed to fill out the form? (Select all that apply)
A. Store Manager B. Member of Management C. Colleague who dealt with the transaction D. All of the above
2) Money laundering is the attempt to conceal or disguise money obtained as a result of criminal activities. Money launderers can commit the crime of money laundering in the following ways: (Select all that apply)
A. Transfer the money using our Moneygram wire transfer service B. Convert the money into multiple money products such as money orders or prepaid products (such as gift cards and prepaid debit cards) C. Structuring transactions D. By spending $2,500 dollars on a money order transaction
4) Consumer fraud is the theft of funds from a consumer through deceit (scams). Which of the following is a type of consumer fraud scam that can occur in our stores? (Select all that apply)
A. Person-in-need scam B. Unfair pricing scam C. Lottery sweepstake scam D. American Association of Retired Persons scam (AARP)
5) What is the daily limit for a single individual for Xpress Packs?
A. $500
B. $1,000
C. $2,000
D. $5,000
6) What is the daily limit for a single individual for prepaid products?
A. $500
B. $1,000
C. $2,000
D. $5,000
7) What is the maximum dollar limit per money order?
A. $500
B. $1,000
C. $2,000
D. $3,000
8) What is the daily limit for a single individual for money order transactions?
A. $500
B. $1,000
C. $2,500
D. $3,000
9) What is the daily limit for a single individual for money transfer transactions?
$500
$1,000
$2,000
$3,000.
 Reply
#2
Money laundering is the process of transforming the proceeds of crime and corruption into ostensibly legitimate assets.In a number of legal and regulatory systems, however, the term money laundering has become conflated with other forms offinancial and business crime, and is sometimes used more generally to include misuse of the financial system (involving things such as securities, digital currencies, credit cards, and traditional currency), including terrorism financing and evasion of international sanctions. Most anti-money laundering laws openly conflate money laundering (which is concerned withsource of funds) with terrorism financing (which is concerned with destination of funds) when regulating the financial system.

Some countries define money laundering as obfuscating sources of money, either intentionally or by merely using financial systems or services that do not identify or track sources or destinations. Other countries define money laundering to include money from activity that would have been a crime in that country, even if it was legal where the actual conduct occurred. This broad brush of applying money laundering to incidental, extraterritorial or simply privacy-seeking behaviors has led some to label it financial thoughtcrime.
 Reply
#3
Money laundering is the process of transforming the proceeds of crime and corruption into ostensibly legitimate assets. In a number of legal and regulatory systems, however, the term money laundering has become conflated with other forms of financial and business crime, and is sometimes used more generally to include misuse of the financial system (involving things such as securities, digital currencies, credit cards, and traditional currency), including terrorism financing and evasion of international sanctions. Most anti-money laundering laws openly conflate money laundering (which is concerned with source of funds) with terrorism financing (which is concerned with destination of funds) when regulating the financial system.

Some countries define money laundering as obfuscating sources of money, either intentionally or by merely using financial systems or services that do not identify or track sources or destinations. Other countries define money laundering to include money from activity that would have been a crime in that country, even if it was legal where the actual conduct occurred. This broad brush of applying money laundering to incidental, extraterritorial or simply privacy-seeking behaviors has led some to label it financial thoughtcrime.
 Reply
#4
A customer is instructed by the perpetrator that they must go into a CVS/pharmacy store and purchase a Green Dot or Vanilla Visa for an undisclosed amount. Once these prepaid cards are purchased, the customer must call the perpetrator immediately. The perpetrator then asks the customer for information over the phone which would allow the perpetrator to use the purchased cards and funds immediately. What type of scheme is this?

AARP Scam
Prepaid Card Scam
Money Laundering Scam
None of the above
 Reply
#5
A customer is instructed by the perpetrator that they must go into a CVS/pharmacy store and purchase a Green Dot or Vanilla Visa for an undisclosed amount. Once these prepaid cards are purchased, the customer must call the perpetrator immediately. The perpetrator then asks the customer for information over the phone which would allow the perpetrator to use the purchased cards and funds immediately. What type of scheme is this?
 Reply
#6
Since you are the first line of defense in preventing fraud in the Pharmacy, you are going to have to provide the Store Manager or a member of the management team with as much detail as possible regarding the transaction including:
 Reply
#7
For more details on the answer key to money laundering for cvs learnet please check the link below

https://cvslearnet
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