CAMS Exam Questions
993 real CAMS exam questions with expert-verified answers and explanations. Page 10 of 20.
- Question #452
A long-term client of an insurance company makes changes to a policy that require payment of an additional lump sum. The amount payable is high, though within the client's means ba...
- Question #453
Which is an objective of the Financial Action Task Force (FATF)-Style Regional Bodies (FSRBs)?
- Question #454
Cybersecurity risk can result in identity theft by:
- Question #455
A professional dealer in precious metals and stones in an EU country plans to implement measures to reduce the risk of being misused for money laundering purposes. Which measures a...
- Question #456
Three individuals enter a casino and use cash to purchase chips worth 20,000 USD. The trio uses 200 USD in chips to play games and then combine their funds to request a casino cheq...
- Question #457
A prospective client walks into an accounting firm wanting to incorporate a company. The accountant feels uncomfortable after the meeting. Which two of the accountant's observation...
- Question #458
Under the Egmont Group Principles, information exchange among financial intelligence units (FlUs) should be conducted:
- Question #459
The Wolfsberg Group has issued a number of documents since its inception aiming to:
- Question #460
In accordance with Financial Action Task Force (FATF) standards, when the minimum AML requirements of the host country where a financial institution (Fl) operates are less strict t...
- Question #461
Private investment companies are potentially vulnerable to money laundering because:
- Question #462
According to recommendations from the Financial Action Task Force, what role does a country's financial intelligence unit play in safeguarding against money laundering?
- Question #463
Which are characteristics of Mutual Legal Assistance Treaties (MLATs)? (Select Three.)
- Question #464
The compliance department receives an internal referral that appears to indicate terrorist financing. What is the first step that should be taken in the investigation process?
- Question #465
A bank receives a request for a subpoena (or a client who has been the subject of monitoring for several months. The bank wishes to close the account in order to mitigate any addit...
- Question #466
When may Office of Foreign Assets Control (OFAC) sanctioned-related transactions be allowed that would otherwise be prohibited?
- Question #467
Which are red flags indicating potential engagement of a bank employee in money laundering? (Select Two.)
- Question #468
Which factors specific to the securities industry increase the exposure to money laundering risk? (Select Two.)
- Question #469
Client A is flagged for a high volume of outgoing transfers. Further investigation reveals Client A has a potentially key role in a network linked to human trafficking. After filin...
- Question #470
An AML specialist at a financial institution is presented with a search warrant. Which actions should be taken to comply with the search? (Select Two.)
- Question #471
How does the Egmont Group assist financial intelligence unit members to accomplish their goals? (Select Three.)
- Question #472
According to the Financial Crimes Enforcement Network, after an initial suspicious activity report has been filed for a customer, a financial institution must perform a continuing...
- Question #473
What is a primary responsibility of a financial intelligence unit?
- Question #474
Which is a goal of Financial Action Task Force Regional-Style Bodies?
- Question #475
Which is a valid extraterritorial effect of the USA PATRIOT Act?
- Question #476
A bank teller receives a written request from a police officer to review a previous customer's account on a pre-populated form with the officer's official letterhead. The officer s...
- Question #477
Which situation would require enhanced due diligence be performed on a customer?
- Question #478
Under the Wolfsberg Correspondent Banking Principles, which action is considered an enhanced due diligence obligation to correspondent banking clients that present greater risks?
- Question #479
A company service provider in Country A sets up a corporate structure for a client from Country B, which is known for corruption. The corporate structure includes a holding company...
- Question #480
The recommended way lot a financial institution to respond to a request from a law enforcement agency is to:
- Question #481
Which constitute red flags in connection with a company involved in illegal logging? (Select Three.)
- Question #482
The owner of a real estate investment company deposits multiple cashier's checks that were bought using cash over a three-month period, from the sale of two apartments. This accoun...
- Question #483
Money laundering can cause which consequences for a financial institution? (Select Two.)
- Question #484
According to the Financial Action Task Force, financial institutions should be required to implement:
- Question #485
Which statements relate to the mandate, roles, and responsibilities of the Financial Action Task Force (FATF) and the FATF-Style Regional Bodies (FSRBs)? (Select Two).
- Question #486
Which product type is subject to US extra jurisdictional reach over non-US banks and non-US persons under the USA PATRIOT Act?
- Question #487
A law enforcement agency is conducting an investigation of a financial institution (Fl). How should the Fl respond to the law enforcement agency's requests?
- Question #488
A compliance officer is reviewing transactions related to a company suspected of being involved in wildlife trafficking. Which of activities below are common in wildlife traffickin...
- Question #489
A foreign bank's compliance officer receives a request for information from a US bank, alerting the foreign bank to the possibility that it may have transferred funds on behalf of...
- Question #490
Which type of sanctions are likely to be used first in order to avoid escalating violent conflicts and/or proliferation of weapons?
- Question #491
Which type of formal agreement occurs between countries that wish to aid each other in the investigation and enforcement of criminal laws?
- Question #492
Which regulation regarding data privacy has to be considered while carrying out a financial crime investigation?
- Question #493
Which red flags should be considered prior to establishing a relationship with a third party? (Select Two.)
- Question #494
Which elements can trigger a review of the existing relationship during the opening of a new account? (Select Two.)
- Question #495
The AML compliance officer of a financial institution (Fl) has been advised that the institution is being investigated by the country's financial intelligence unit (FIU). What shou...
- Question #496
A large financial institution (Fl) is considering expanding business to an area of the world with weak AML laws. The risk-based assessment indicates that the location will increase...
- Question #497
Release of the EU's Fourth AML Directive resulted in what change to member state*s procedures? (Select Two.)
- Question #498
Which transaction should result in a suspicious activity report filing?
- Question #499
Which statement is true regarding the Financial Action Task Force standards for suspicious activity reports (SARs) information sharing within a financial group?
- Question #500
Which are the requirements of the Filth AML Directive of the EU? {Select Two.)
- Question #501
Which principles of the Egmont Group of Financial Intelligence Units (Fills) are aimed at maximizing cooperation between FlUs to more effectively combat money laundering? (Select T...