20. Juan collects the mail for XYZ Company. He doesn't read anything. He only signs his name to all the required documents and sends them to the company. What type of beneficial ownership concealment does this describe? A. Use of proxies B. Dilution of sanctioned ownership C. Restructuring of corporate assets D. Complex corporate ownership arrangement 21. Who is responsible for reviewing sanctions screening alerts within an organization? A. An intemal auditor B. A sanctions compliance officer C. A relationship manager D. A board member 22, In case of a confirmed sanctions breach, how soon must all the related activity stop to avoid future breaches?
20. Juan collects the mail for XYZ Company. He doesn't read anything. He only signs his name to all the required documents and sends them to the company. What type of beneficial ownership concealment does this describe? A. Use of proxies B. Dilution of sanctioned ownership C. Restructuring of corporate assets D. Complex corporate ownership arrangement 21. Who is responsible for reviewing sanctions screening alerts within an organization? A. An intemal auditor B. A sanctions compliance officer C. A relationship manager D. A board member 22, In case of a confirmed sanctions breach, how soon must all the related activity stop to avoid future breaches?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
![20. Juan collects the mail for XYZ Company. He doesn't read anything. He only signs his name to
all the required documents and sends them to the company. What type of beneficial ownership
concealment does this describe?
A. Use of proxies
B. Dilution of sanctioned ownership
C. Restructuring of corporate assets
D. Complex corporate ownership arrangement
21. Who is responsible for reviewing sanctions screening alerts within an organization?
A. An intemal auditor
B. A sancuons compliance officer
C. A relationship manager
D. A board member
22. In case of a confirmed sanctions breach, how soon must all the related activity stop to avold
future breaches?
A. Within the next 2 hours
B. The activity may continue until the breach is officially confirmed by a regulator
C. Wichin the next 24 hours
D. Immediately](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F22befe8a-3359-4b1b-a0fe-b34c6e32e328%2F2005e927-44a1-41ee-808e-2b53827ea6ae%2Fckx6fg_processed.jpeg&w=3840&q=75)
Transcribed Image Text:20. Juan collects the mail for XYZ Company. He doesn't read anything. He only signs his name to
all the required documents and sends them to the company. What type of beneficial ownership
concealment does this describe?
A. Use of proxies
B. Dilution of sanctioned ownership
C. Restructuring of corporate assets
D. Complex corporate ownership arrangement
21. Who is responsible for reviewing sanctions screening alerts within an organization?
A. An intemal auditor
B. A sancuons compliance officer
C. A relationship manager
D. A board member
22. In case of a confirmed sanctions breach, how soon must all the related activity stop to avold
future breaches?
A. Within the next 2 hours
B. The activity may continue until the breach is officially confirmed by a regulator
C. Wichin the next 24 hours
D. Immediately
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