CAMS Exam Questions
993 real CAMS exam questions with expert-verified answers and explanations. Page 7 of 20.
- Question #301
What are the European Union Directives on Money Laundering?
- Question #302
An anti-money laundering specialist has just developed and implemented an anti-money laundering program. What is the most effective resource to evaluate the effectiveness of the pr...
- Question #303
Which action should an FIU consider taking when it has information that might be useful to another FIU?
- Question #304
When should new business products to evaluated for AML concerns?
- Question #305
How should a financial institution deter money laundering through new accounts? Choose 3 answers
- Question #306
In order to protect investigative materials from disclosure when conducting an internal Investigation of any employee of a financial institution, legal counsel of that financial sh...
- Question #307
What does the Financial Action Task Force (FATF) urge its members and all other jurisdictions to do when a jurisdiction is identified as having lax anti-money laundering / counter...
- Question #308
A quarterly review is conducted on a retail customers account at a bank located in a jurisdiction with currency reporting thresholds. A number of large deposits of financial instru...
- Question #309
What are three indicators of money laundering associated with using electronic funds transfers? Choose 3 answers
- Question #310
A local law enforcement officer notifies the bank compliance officer that he is working on an insurance fraud scheme that appears to be running transactions using the account of a...
- Question #311
When providing reporting of STRs to the board, which of the following should be provided?
- Question #312
An anti-money laundering specialist working at a bank just received a legal request from a law enforcement agency mandating the release of all financial transaction records relatin...
- Question #313
A company service provider in Country A sets up a corporate structure for a client from Country B, which is known for corruption. The corporate structure includes a holding company...
- Question #314
What should an effective anti-money laundering training program include?
- Question #315
To ensure that an institution's anti-money laundering program is current, which step should be taken?
- Question #316
According to experts, what is the most effective way to prevent money laundering through financial institutions?
- Question #317
Which primary international authoritative body designates sanctions?
- Question #318
A prospective AML officer comes highly recommended by a banks up-stream correspondent institution of similar size and make-up, located in a different city in the same country. The...
- Question #319
A commission rogatory would be used in which gateway to obtain information from another country?
- Question #320
What poses the greatest money laundering risk for a financial institution offering on-line services to customers?
- Question #321
A profitable commercial customer who operates an import-export business has multiple accounts with the same institution at branches m different locations. The customer receives fun...
- Question #323
Which element is generally required of all anti-money laundering programs?
- Question #324
What is the term for trading through multiple accounts, where an individual generates offsetting profits and losses and transfers of positions through accounts that do not appear t...
- Question #325
In the FATF 40 recommendations, the focus of AML efforts has been expanded beyond Financial Institutions. Which three businesses and/or professions are covered? Choose 3 answers
- Question #326
An anti-money laundering specialist at a large institution is responsible for information senior management about the status of the anti-money laundering program across the organiz...
- Question #327
Which three areas do FATF's 40 recommendations cover? Choose 3 answers
- Question #328
A remittance company received a money order from a senior political figure m the Philippines to transfer a large sum of money to a charity group in the Philippines. A review of the...
- Question #329
Why is the Mutual Legal Assistance Treaty (MLAT) a gateway for international cooperation?
- Question #330
Pursuant to the Third European Union Money Laundering Directive, how long after being out of prominent office should a person NOT be considered to be a Politically Exposed Person (...
- Question #331
Which three entities does the Third European Union Money Laundering Directive apply to?
- Question #332
Which situation is the highest risk for money laundering and terrorist financing activity?
- Question #333
Which key aspect of the Office of Foreign Assets Control's extraterritorial reach specifically relates to prohibited transactions?
- Question #334
In performing a risk analysis, which factor(s) should a financial institution review?
- Question #335
According to the Second European Union Money Laundering Directive, what may knowledge of criminal conduct be inferred from?
- Question #336
The Wolfsberg Principles for Private Banking list circumstances that would require additional due diligence, including activities that involve which three of these choices?
- Question #337
In addition to monitoring for suspicious activity, what are electronic monitoring systems also valuable for?
- Question #338
A compliance officer is looking to update an institutions private bank procedures. What should be included as recommended by the Wolfsberg AML Principles on Private Banking?
- Question #339
What should senior management do in order to promote a culture of anti-money laundering compliance?
- Question #340
What kind of person should perform the independent testing of an institution's anti-money laundering program?
- Question #341
An organization uses an automated surveillance system that generates a very large volume of anti-money laundering alerts. The monthly volume of alerts has increased over the last y...
- Question #342
Which is a key reason why a financial institution (FI) conducts an enterprise-wide AML risk assessment?
- Question #343
Which are the two most common controls a financial institution (FI) uses to identify suspicious money-laundering activity? (Choose two.)
- Question #344
Which activity would require an update to the first line training program?
- Question #345
A foreign bank maintains a correspondent account in the US. According to an investigation carried out by US authorities, the specific correspondent account seems to have facilitate...
- Question #346
Financial Intelligence Units (FIUs) are responsible for:
- Question #347
One key aspect of promoting an enterprise-wide compliance culture within a financial institution (FI) is that the:
- Question #348
A bank teller receives a written request from a police officer to review a previous customer's account on a pre-populated form with the officer's official letter head. The officer...
- Question #349
What action should a bank CEO's assistant take when the bank CEO expenses large sums of money to a charitable organization run by the bank CEO's direct family member?
- Question #350
What is an example of a legal risk a financial institution (FI) could face if it is sanctioned for failure to report suspected fraud activity?
- Question #351
How should law enforcement obtain documentation from an institution when suspicious activity was identified? (Choose two.)