CAMS Exam Questions

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...

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...

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...

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...

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...

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...

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...

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...

Which of the following poses the greatest money laundering risk for a financial institution offering on-line services to customers?

Which of the following activities is most likely associated with a lawyer participating in a money laundering scheme?

Which of the following is the main reason Internet gambling is an ideal web-based money laundering method?

When a regulatory body requires international assistance in a money laundering inquiry, such assistance is typically obtained by

Which of the following customer activities poses the highest risk of money laundering?

a personal banking customer who simultaneously opens several accounts will most likely cause further inquiry in which of the following scenarios?

Which of the following activities conducted at a financial institution is the strongest example of avoiding reporting thresholds?

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...

Which of the following is considered a shell bank as defined by the USA PATRIOT Act?

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?

A key element required to ensure an anti-money laundering compliance program is effectively embedded into an institution's culture is

Which of the following is among the Financial Action Task Force criteria defining non-cooperative countries and territories?

The Egmont Group is a world wide organization of

Which of the following facilitates law enforcement agents obtaining evidence from authorities in a foreign country relating to criminal activity?

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...

Which activity is most likely to facilitate money laundering through on-line banking systems with inadequate controls?

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...

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...

On-line financial technologies are susceptible to money laundering risk because

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...

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...

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...

Which statements relate to the role of financial intelligence units (FIUs) in combatting financial crime on a national and international level? (Select Three.)

Based on the AML principles outlined by the Wolfsberg Group, what do private and correspondent banks have in common when monitoring for terrorist financing?

Which activities could be considered a potential spear phishing scam? (Select Three.)

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...

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...

Money laundering red flags associated with money service businesses include: (Select Two.)

In order to demonstrate commitment to AML compliance within a bank, the Board of Directors should:

Which is an example of structuring with regards to money laundering?

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...

Which risk factors are considered when assessing risk rating of customers? (Select Three.)

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...

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...

What are the rules imposed by the Office of Foreign Assets Control (OFAC) for legal entities and persons related to the US? (Select Two.)

Which statements describe risks that are associated with international business corporations? (Select Two.)

Which are essential elements of a KYC program identified by the Basel Committee on Banking Supervision? (Select Two.)

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?

When deficiencies are identified in the Financial Action Task Force (FATF) mutual evaluation report, the assessed country needs to:

Which step should financial institutions take when complying with sanctions requirements?

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...

The Office of Foreign Assets Control requirements have an extraterritorial reach because compliance is required by: