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NEW QUESTION: 1
Company XYZ's government relations team has done a poor job in maintaining and nurturing its relationship with the local government. Because of new business ventures it is pursuing, the company needs a method that will help it monitor and collect international accounts receivables between subsidiaries. What technique is more suited given its situation?
A. Re-invoicing
B. Internal factoring
C. Bilateral netting
D. Multilateral netting
Answer: B

NEW QUESTION: 2
The MOST significant benefit of using a consistent risk ranking methodology across an organization is that it enables:
A. clear understanding of risk levels
B. risk to be expressed in quantifiable terms
C. allocation of available resources
D. assignment of risk to the appropriate owners
Answer: A

NEW QUESTION: 3
The purpose of an anti-money laundering program should be to do what?
A. Detect all illegal activity perpetrated by customers
B. Focus monitoring efforts on riskier transactions and customers
C. Avoid criticism and sanctions from government regulators
D. Detect and report cash structuring and suspicious wire transactions
Answer: A