CAMS Exam Questions

Historically, a tour guide has made monthly cash deposits averaging $10,000. Over the past three months, the monthly deposits have averaged $100,000. When the financial institution...

Which trading pattern may be indicative of money laundering in capital markets?

One key aspect of the Office of Foreign Assets Control's extraterritorial reach includes the blocking of certain non-United States initiated transactions for or through the United...

To ensure compliance with economic sanctions established by governmental authorities in the jurisdictions where it operates, a financial institution requires that all new and exist...

What is the currency threshold under the European Union Fourth Anti-Money Laundering Directive?

What are two requirements of United States financial institutions when conducting business with an international institution as a result of the USA PATRIOT Act? (Choose two.)

What are two risks to institutions for violating anti-money laundering laws as demonstrated by the 2012 HSBC settlement with United States authorities? (Choose two.)

When must a United States (U.S.) bank block or reject an international funds transfer when there is an Office of Foreign Assets Control designated party to the transaction?

A law enforcement agent calls a bank anti-money laundering investigator for supporting information about a suspicious transaction report that was filed the previous month. How shou...

Which action should countries take related to the financing of terrorist acts in accordance with the Financial Action Task Force 40 Recommendations?

A client is a wholesale auto business that operates as a used car lot. The client regularly ships vehicles internationally. In a four-month period, the client received wires totali...

A high-volume dealer of precious metals and stones in a high-risk jurisdiction is approached by a new customer interested in selling gold worth $200,000. The customer was referred...

What does the Financial Action Task Force 40 Recommendations address on transparency of beneficial ownership?

A compliance officer identifies a potentially significant risk in a popular financial product. Further investigation reveals there is no mitigating control. Which course of action...

Which factor should a bank consider before sharing information about a customer with its broker- dealer affiliate in the case of an investigation?

In which situation can money laundering adversely affect a country's currencies and interest rates due to launderers investing dirty funds?

What types of things should an institution incorporate in it AML policies and procedures? Choose 3 answers

What three attributes do havens for money laundering and terrorist financing typically have? Choose 3 answers

In establishing procedures for the review of suspicious transactions and filling of STRs, what thing should an institution focus on?

Which function provided by lawyers can be useful to a potential money launderer as documented by FATF in its typology report 2000-2001? Choose 3 answers

When an institution receives a document request from law enforcement with regard to an STR that the institution has filed, what should institution do?

Which method is indicative of potential money laundering and terrorist financing activity?

Historically, which vehicle is most often used to hide beneficial ownership?

Which three statements are true about on-line banking offering a significant money laundering risk to a financial institution?

To what extent should senior management and the Board of Directors be involved in the filing of any STR?

What is the most effective criterion for determining the beneficial ownership of funds?

What indicates potential money laundering activity by a lawyer?

When a bank performs a risk assessment, what areas should an institution focus on?

What is the intentional evasion of a reporting or recordkeeping requirement?

Which three actions should employees be instructed to do during an internal investigation?

Why are Money Services Business (MSBs) frequently accused of being high risk for money laundering?

Which three stages of money laundering are on-line banking vulnerable to?

A national Financial Intelligence Unit, which is responsible for receiving, analyzing and disseminating disclosure of financial information, should consider becoming a member of wh...

Which practices are dealers in antiques, precious metals, precious stones, jewelry, and art advised to follow to reduce the element of money laundering risk? Choose 3 answers

Which three conduits for moving terrorist-related funds do terrorist financing generally favor? Choose 3 answers

Which action indicates possible Penza scheme activity?

Which event occurs most frequently in money laundering in the insurance industry?

Which scenario is closest to the definition of money laundering the United Nations Convention against Transnational Organized Crime and Other Protocols provided?

A suspicious transaction report has been filed on an account owned by the wife of the bank's Chief Executive Officer. Which of the following is the most important consideration whe...

Findings from a regulatory examination report states that the job descriptions of personnel outside of the compliance department do not include references to anti-money laundering...

An internal investigation log is primarily intended to:

Bank A is located in Country A. A wire transfer from Bank B located in Country B is processes by Bank A, where the funds are being moved to a customer at Bank C located in Country...

With which of the following should an anti-money laundering officer coordinate when implementing anew hire screening program?

Trusts established in certain offshore jurisdictions make good vehicles to lay under money for which ofthe following reasons?

A customer has held an account at a local credit institution for 10 years. The account has received deposits twice weekly for the same amount and has never shown signs of suspect b...

When creating an anti-money laundering program for a foreign bank with branches in the United States, which of the following are included among the four minimum elements required u...

Which of the following reflect money laundering risk indicators in relation to a securities account? 1. A high level of activity in that securities account immediately followed by...

A businessman requests a European private bank to open a numbered or alternate name account. According to the Basel Committee on Banking Supervision principles, which of the follow...

Which of the following competent authorities should directly receive suspicious or unusual transaction reports?

An offshore company is owned by four equal partners that reside in separate jurisdictions. One partner presents an authenticated power of attorney apparently executed by the remain...