CAMS Exam Questions
993 real CAMS exam questions with expert-verified answers and explanations. Page 6 of 20.
- Question #251
Which two steps should a financial institution take when it receives a law enforcement request to keep an account open that may be associated with suspicious or criminal activity?...
- Question #252
A startup virtual currency exchange has registered as a money services business and will commence operations in six months. The company will provide digital wallets to customers to...
- Question #253
Which three measures are contained in Financial Action Task Force 40 Recommendations for reporting suspicious activity? (Choose three.)
- Question #254
What is a tool governments and multi-national bodies can use to prevent the proliferation of weapons of mass destruction?
- Question #255
Which two actions should Financial Intelligence Units (FIUs) take when submitting a request to another FIU? (Choose two.)
- Question #256
What can a compliance officer do in the absence of automated software to conduct U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) sanction screens?
- Question #257
A bank maintains a number of United States (U.S.) dollar correspondent accounts for foreign financial institutions. Upon a routine review of a U.S. dollar correspondent account own...
- Question #258
The local manager of a remote mortgage origination department of a financial institution has just discovered that sanctions screening of new customers is not being performed. Which...
- Question #259
What is a method of placement that can be used by a money launderer in a deposit taking institution?
- Question #260
The compliance officer for a private bank has been tasked with reviewing the procedure for authorized signatories on customer accounts to ensure it is in line with relevant Wolfsbe...
- Question #261
Who has the day-to-day responsibility of communicating and reinforcing the established anti- money laundering compliance culture and program?
- Question #262
The board of directors receives notice from the primary regulator of the bank that potentially suspicious activity has been identified and the bank president appears to be involved...
- Question #263
In which two ways do Financial Action Task Force-style regional bodies influence anti-money laundering and terrorist financing standards within their respective regions? (Choose tw...
- Question #264
What are two aspects of the Wolfsberg Anti-Money Laundering (AML) Principles for Correspondent Banking? (Choose two.)
- Question #265
A local law enforcement officer, who is conducting a criminal investigation, requests information about a customer. Which two actions should the bank take? (Choose two.)
- Question #266
Which action should financial institutions with cross border correspondent banking activity be required to perform according to the Financial Action Task Force 40 Recommendations?
- Question #267
Which information must a United States financial institution retain for having foreign correspondent accounts as part of the USA PATRIOT Act record keeping requirements?
- Question #268
A financial institution has expanded its scope of services so that it is attracting the business of politically exposed persons (PEPs) who had previously never been part of the cus...
- Question #269
A bank receives a wire transfer that references the sale of equipment to a sanctioned company. The bank's operations team removes the sanctioned company reference and allows the wi...
- Question #270
A compliance officer for a casino may suspect money laundering if an individual:
- Question #271
Which response represents a high-level principle for FATF-Style Regional Bodies (FSRB)?
- Question #272
A benefit of using bearer shares in corporate formations is that bearer shares are:
- Question #273
OFAC-issued regulations apply to which entities? (Choose two.)
- Question #274
What is an aspect of the USA PATRIOT Act that has extraterritorial reach?
- Question #275
Based on the USA PATRIOT Act, what action might the US take to demonstrate extraterritorial reach?
- Question #276
How should a compliance officer respond to law enforcement agencies' request for information on a customer undergoing an investigation?
- Question #277
Which factor should a financial institution (FI) consider prior to sharing customer records within the same jurisdiction?
- Question #278
Which principles should be included in a FATF-Style Regional Body (FSRB) update? (Choose two.)
- Question #279
A precious metals dealer opens a new account with a bank. Which requires a referral to AML Investigations for further review?
- Question #280
Under the USA PATRIOT Act, in which scenario would the US not have jurisdiction?
- Question #281
FATF recommends the incorporation of some measures in customer due diligence (CDD) programs including:
- Question #282
What are four key elements that a KYC program should contain according to the Basel Committee requirements?
- Question #283
A Money Laundering Reporting Officer's (MLRO) lack of action led to deficiencies in the bank's AML program and a civil monetary penalty being levied against the MLRO. Why was this...
- Question #284
Which is a key goal of EU Directives on money laundering?
- Question #285
An AML training program should include which requirement?
- Question #286
Which statement best describes a key aspect of the AML Directive of the EU regarding business relationships and transactions with high-risk third countries?
- Question #287
Enhanced due diligence (EDD) may be bypassed for which situation?
- Question #288
What core objective does the Egmont Group suggest would lead to an effective national Financial Intelligence Unit (FIU)?
- Question #289
A new AML Officer for a US-based money service business (MSB) is drafting procedures around types of activity that require further review. Which should be included? (Choose two.)
- Question #290
Which is a key role of FATF-Style Regional Bodies (FSRBs)?
- Question #291
When implementing a risk-based approach related to casinos, which risks are related to the customer as an individual? (Choose two.)
- Question #292
A financial institution (FI) is being investigated for possible money laundering. When cooperating with law enforcement agencies, which additional steps should the FI ensure are ta...
- Question #293
When should a financial institution (FI) exit a relationship? (Choose two.)
- Question #294
Which statement is true regarding the FATF standards for SARs/STRs information sharing within a financial group?
- Question #295
Which statements regarding the USA PATRIOT ACT best describe key aspects that have extraterritorial reach? (Choose three.)
- Question #296
The ultimate goal of economic sanctions is to:
- Question #297
Why do organized crime groups often use front companies? (Choose two).
- Question #298
Which Trust parties should be identified to determine the true nature of the Trust relationship according to Basel guidelines? (Choose three.)
- Question #299
Which unusual or suspicious activity by a financial institution's (FI's) employee requires additional investigation and scrutiny?
- Question #300
After review of the financial institution's enterprise-wide anti-money laundering risk assessment, the new compliance officer identifies several deficiencies that need attention. W...