CAMS Exam Questions

Which of the following risk factors are considered by many supervisory authorities as representing a higher inherent risk associated with MSBs? (Select Two.)

Public-private partnerships (PPPs) that involve the sharing of information between law enforcement authorities, Financial Intelligence Units (FIUs), and the private sector are esta...

Which of the following entities could potentially pose a higher money laundering risk and require additional review prior to onboarding? (Select Two.)

Which regulation permits financial institutions, upon providing notice to the US Department of the Treasury, to share information with one another in order to identify and report a...

Which of the following are best practices to raise awareness and train staff regarding the risks related to financial crime? (Select Three.)

A financial institution is conducting an enterprise-wide risk assessment (EWRA) and has identified a high inherent risk of money laundering associated with its private banking divi...

Which of the following ate efficient approaches lo performing horizon scanning? (Select Two.)

How should risk-related issues be addressed to ensure the effectiveness of the three lines of defense model?

A compliance manager at a virtual asset service provider (VASP) is evaluating its business and its impact on AML policies. Which of the following features of the VASP's business wo...

Which o! the following are considered best practices regarding senior management involvement in a financial crime compliance program? (Select Two.)

Which of the following statements best describes the financial crime risk associated with gatekeepers?

According to the Financial Action Task Force (FATF) Recommendation 22. when involved in customer transactions that include the buying and selling of real estate, real estate profes...

It Is important for financial institutions (FIs) to be aware of anti-financial crime (AFC) and sanctions regulatory regimes in other jurisdictions in order to.

How do nominees benefit criminals misusing thorn for money laundering purposes? (Select Two.)

An organization is developing a comprehensive anti-money laundering (AML) framework. Which of the following statements best describes the relationship between AML policies and proc...

Which of the following are common indicators of possible money laundering within the securities industry? (Select Two.)

Non-compliance with relevant anti-money laundering laws and regulations can result in: (Select Two.)

Which of the following are key components of the Know Your Customer (KYC) process? (Select Two.)

Which risk factors are associated with acquiring and servicing the banking activities of customers considered higher risk for financial crime activities? (Select Three.)

According to the Financial Action Task Force (FATF). potential risk indicators related to money laundering proceeds from environmental crimes include. (Select Two.)

Which of the following businesses require enhanced or additional scenarios for identifying anomalous transactions? (Select Two.)

Which of the following laws or regulations can impact the application of AML/CFT programs and require financial institutions (r" Is) to balance multiple compliance requirements?

Which of the following is a critical consideration for private sector firms when sharing data and intelligence to combat financial crime?

When making an independent determination on whether to close an account based on an internal Investigation, a financial institution (F1) should consider. (Select Five.)

News published in Country A reports that a politically exposed person (PEP) had received a bribe from a transnational company headquartered in a developing country of approximately...

A financial crimes risk appetite statement describes:

An employee at a financial institution (Fl) suspects that one of their co-workers is involved in a financial investment scam syndicate. Which step should be taken next by the emplo...

A legal instrument which is executed between two nations and governs cross-border information sharing Is known as a.

The Wolfsberg Group's 2012 "Principles (or Private Banking" established that.

To provide aid in investigating a cross-border money laundering case, a Financial Intelligence Unit (PIU) that is a member of the Egmont Group can:

Which collective body of Financial Intelligence Units (FlUs) was formed with an objective to improve Information exchange and sharing mechanisms among member FlUs as well as to sup...

Which of the options below is an indicator of potential insider activity that may warrant escalation For further investigation?

According to PinCEN. when a financial institution (PI) identities a suspicious activity that necessitates suspicious activity report (SAR) filing, the SAR supporting documentation...

The new KYC lead at a bank is particularly focused on enhancing the risk management component of its KYC program and refers to the Basel Committee's customer due diligence (CDD) pr...

A key factor in the independence of an AML audit is that the auditor should.

Red flags for potential money laundering in real estate include completing luxury real estate purchases. (Select Two.)

Which of the following are red flags pertaining to potentially suspicious transactions by a customer? (Select Three.)

A customer of a financial Institution (Fl) complained that they had received multiple emails appearing to originate from the Fl urging them to click on a link or open a remittance...

The primary roles of a Country's Financial Intelligence Unit (FIU) include: (Select Two.)

Which of the following scenarios describe common risk indicators of money laundering faced by operators of legitimate money services businesses (MSBs)? (Select Three.)

The compliance officer at a casino in Taiwan discovers that the casino received multiple cash deposits from a customer just below the Large-Amount Transaction Report (LTR) limit on...

In which of the following situations would it be most crucial for the designated AML compliance officer of a company to perform a complete review of the company's AML program, incl...

The role of FATF-style regional bodies (FSRBs) is to; (Select Three.)

The compliance officer at an EU bank is investigating one of the customer accounts maintained with the bank for the last two years. According to bank records, the company's primary...

An AML compliance officer for a large bank has recently received an internal audit report on the private banking unit. The report revealed that the unit staff were not following ri...

Which ML/TF risks are associated with cryptoassets? (Select Three.)

Which of the following are important AML controls for a compliance manager of a regulated asset management company in the European Union to implement? (Select Two.)

While gaming platforms are typically used for recreational purposes, they can potentially be used for terrorist financing through games in which players can:

Having a risk-based approach is central to a financial institution understanding the money laundering and terrorist financing risk to which they are exposed. The development of a m...

A wealthy individual is using a complex corporate structure to facilitate illegal logging and then illegal mining of the resulting resources from that land. Which category of predi...