CAMS Exam Questions
993 real CAMS exam questions with expert-verified answers and explanations. Page 12 of 20.
- Question #552
A compliance officer at a small local bank reads in the newspaper that a high ranking local public official, who is a long-standing account holder, is being investigated by the com...
- Question #553
According to the Financial Action Task Force Special Recommendations on Terrorist Financing, which of the following should an anti-money laundering specialist do if the specialist...
- Question #554
Which of the following are the most suspicious transaction indicators related to casino activities? 1. A client requests a winnings check (cheque) in a third party's name. 2. Acqua...
- Question #555
After several months of research, the Director of Marketing and the Managing Director of Business Development received approval to launch a branded, stored-value card that will be...
- Question #556
A relationship manager in a bank has had a private banking customer for 10 years. The customer has business accounts and investments and seeks advice on the creation of a company o...
- Question #557
Suspicious activity triggered a suspicious transaction report filing on a company that holds an account at a large commercial bank. Investigations revealed that a member of the ban...
- Question #558
A financial institution opens a mortgage loan for a customer. During a subsequent internal review of the loan, it was noted that the appraisal used to support the loan was performe...
- Question #559
A school teacher recently opened a private banking account with a major bank. The customer indicated annual income of EUR 45,000 and listed her source of wealth as a EUR 1.5 millio...
- Question #560
Which of the following poses the greatest money laundering risk for a financial institution offering on-line services to customers?
- Question #561
Which of the following activities is most likely associated with a lawyer participating in a money laundering scheme?
- Question #562
Which of the following is the main reason Internet gambling is an ideal web-based money laundering method?
- Question #563
When a regulatory body requires international assistance in a money laundering inquiry, such assistance is typically obtained by
- Question #564
Which of the following customer activities poses the highest risk of money laundering?
- Question #565
a personal banking customer who simultaneously opens several accounts will most likely cause further inquiry in which of the following scenarios?
- Question #566
Which of the following activities conducted at a financial institution is the strongest example of avoiding reporting thresholds?
- Question #567
The marketing department presents to an anti-money laundering specialist a business plan targeting individuals holding important public positions. In addition to obtaining the prop...
- Question #568
Which of the following is considered a shell bank as defined by the USA PATRIOT Act?
- Question #569
Separating illicit proceeds from their source by a series of complex financial Transactions designed to disguise the audit trail and provide anonymity is an example of what?
- Question #570
A key element required to ensure an anti-money laundering compliance program is effectively embedded into an institution's culture is
- Question #571
Which of the following is among the Financial Action Task Force criteria defining non-cooperative countries and territories?
- Question #572
The Egmont Group is a world wide organization of
- Question #573
Which of the following facilitates law enforcement agents obtaining evidence from authorities in a foreign country relating to criminal activity?
- Question #574
A customer runs an export business for agricultural products. There has been steady growth over the years from sales to the Caribbean region. A sudden increase is noted in this cus...
- Question #575
Which activity is most likely to facilitate money laundering through on-line banking systems with inadequate controls?
- Question #576
A bank in an offshore jurisdiction approaches an institution about opening a new correspondent banking relationship. Prior to opening the account, the new account representative ob...
- Question #577
A financial institution in a jurisdiction with currency reporting thresholds is undergoing a branch office compliance review. A large number of currency transactions in amounts exc...
- Question #578
On-line financial technologies are susceptible to money laundering risk because
- Question #579
A financial institution's monitoring system triggers an alert and an internal investigation has confirmed the activity as suspicious. Which of the following should an anti-money la...
- Question #580
A compliance analyst has recently investigated an account where money was deposited in amounts below the reporting limit and almost entirely withdrawn in a foreign country. Which t...
- Question #581
The Head of Compliance was informed by external auditors of a finding that indicates an element of AML policy failed to comply with the regulatory requirement. Which action should...
- Question #582
Which statements relate to the role of financial intelligence units (FIUs) in combatting financial crime on a national and international level? (Select Three.)
- Question #583
Based on the AML principles outlined by the Wolfsberg Group, what do private and correspondent banks have in common when monitoring for terrorist financing?
- Question #584
Which activities could be considered a potential spear phishing scam? (Select Three.)
- Question #585
A senior government official is trying to open an account in a financial institution (FI) that operates in a different country from where the official is domiciled. The official is...
- Question #586
A UK national has accounts with a bank in Belgium, who maintains a branch in New York. The UK national has been recently added and screened against the Office of Foreign Assets Con...
- Question #587
Money laundering red flags associated with money service businesses include: (Select Two.)
- Question #588
In order to demonstrate commitment to AML compliance within a bank, the Board of Directors should:
- Question #589
Which is an example of structuring with regards to money laundering?
- Question #590
A financial institution's (Fl's) policy is to apply enhanced due diligence (EDD) for every new client to ensure the effectiveness of the program. How should a consultant advise the...
- Question #591
Which risk factors are considered when assessing risk rating of customers? (Select Three.)
- Question #592
A company contracts a life insurance policy with a savings feature of 100,000 USD for an individual in a high-risk country. The policy receives monthly cash deposits from unknown t...
- Question #593
The regulators of a US financial institution find that the institution has failed to establish and maintain a reasonably designed AML program. Which regulatory actions should be ta...
- Question #594
What are the rules imposed by the Office of Foreign Assets Control (OFAC) for legal entities and persons related to the US? (Select Two.)
- Question #595
Which statements describe risks that are associated with international business corporations? (Select Two.)
- Question #596
Which are essential elements of a KYC program identified by the Basel Committee on Banking Supervision? (Select Two.)
- Question #597
A customer of a bank is an established art dealer. Within the KYC due diligence processes, which constitutes a triggering event that requires ongoing due diligence on this client?
- Question #598
When deficiencies are identified in the Financial Action Task Force (FATF) mutual evaluation report, the assessed country needs to:
- Question #599
Which step should financial institutions take when complying with sanctions requirements?
- Question #600
Customers of a telecommunications firm received an email explaining an issue with their last order. The customers were directed to the company website via a link in the email to pr...
- Question #601
The Office of Foreign Assets Control requirements have an extraterritorial reach because compliance is required by: