CAMS Exam Questions

A compliance officer at a financial institution (FI) received an investigation request for a customer from a local law enforcement agency. Which action should be taken by the FI?

Which should authorities do to safeguard AML information exchanged with other countries?

Which is a red flag for funds transfers?

What reputational risk consequence could a financial entity face for violating AML laws?

Which should be provided to the board of directors or designated specialized committee when reporting SARs/STRs?

The findings of an internal audit discover that a large group of employees do not know how to handle Politically Exposed Persons (PEPs). Which is the next course of action that sho...

Which type of sanctions are most likely to be used in order to avoid escalating violent conflicts and/or proliferation of weapons?

Which safeguard is in place for Financial Intelligence Units (FIUs) to share information securely according to Egmont?

An individual opens an e-account in an off-shore gambling website using non-documentary verification and creates an e-wallet on a mobile device. In order to add funds to the accoun...

Which scenario should be escalated as potentially suspicious activity?

A potential client calls a broker-dealer wishing to purchase securities. The client does not appear to be concerned with any fees associated with the account or price of the securi...

What correspondent banking risk factor increases the risk for a Correspondent Bank?

When performing an investigation, which key steps should be taken to maintain and secure supporting documentation used to perform an investigation of a suspicious activity?

A Trust and Company Service Provider (TCSP) providing services should have policies and procedures in place to identify critical information of the:

Which actions are involved when a prosecutor instructs a bank to freeze the assets and bank accounts held by one of its clients? (Choose three.)

A compliance analyst is reviewing recent activity between a publicly traded company and a company in a high risk jurisdiction. Which detail suggests that escalation is warranted?

An EU Trust and Company Service Provider (TCSP) analyst notices some unusual activity while looking through a customer's financial statements and detailed general ledger. The custo...

One area of responsibility for the Board of Directors when implementing a successful AML program is to:

An accounting firm opened an account at a bank that is intended to be used as the operational account for the business. After a few months, a comprehensive review of the account wa...

Which is a key aspect in the FATF Recommendations that best describes the essential foundation for allocating resources in AML/CFT regimes for countries and financial institutions...

Which are social/economic consequences of money laundering? (Choose two.)

One of the red flags of microstructuring is:

Which are red-flag indicators of possible money laundering through online gambling? (Choose two.)

Which is the main objective when a financial institution (FI) conducts an investigation?

Which is a FATF characteristic used to assess a country's effectiveness of its AML regime?

According to the Basel Committee on Banking Supervision standards, which statements best describe sound practices in relation to customer due diligence (CDD) policies and procedure...

Which information should be gathered as part of enhanced due diligence (EDD) for a high-risk customer?

Which transaction should result in a SAR/STR filing?

According to the 5th EU Money Laundering Directive, member states require entities to apply enhanced customer due diligence measures with respect to business relationships or trans...

Which is the first valid step in the Mutual Legal Assistance Treaties (MLAT) international cooperation process?

A financial institution (FI) has decided to revamp its compliance program to be more risk-based. Which option should the FI use as part of the new risk-based compliance program?

Which red flag should a compliance officer prioritize first for investigation?

After a FATF mutual evaluation process, which are resulting actions for jurisdictions that are determined to have strategic deficiencies in their regimes to counter money launderin...

Which methods are typically used to launder money using insurance companies? (Choose two.)

Based on studies executed by the Organization for Economic Cooperation and Development (OECD), which occupations are particularly vulnerable to the use of false identities and iden...

Which situations would require a financial institution (FI) to update its ML/TF risk assessment? (Choose two.)

According to the Basel Committee on Banking Supervision, banks should deal with high-risk customers by:

Which assessments are involved in the processes of mutual evaluation and follow-up by the FATF?

Which private banking situation requires due diligence actions to be implemented according to the AML principles of the Wolfsberg group?

Which are common types of economic sanctions? (Choose three.)

When performing a risk assessment, which factors should be considered when identifying and measuring risk? (Choose two.)

What national agency is responsible for analyzing and assessing the information it receives to substantiate possible existence of money laundering or terrorist financing activities...

Financial institutions (FIs) perform AML risk assessments to ensure:

Which key factor would result in the decision for a financial institution (FI) to exit a client relationship?

An analyst reviewing trade finance transactions notices an increase in price of 25% over 12 months for commodities with the same specification and quantity. Which action should the...

A SAR/STR should be filed when the accountable institution identifies that:

The bank's Compliance Officer is tasked with designing standards based on Basel's KYC principles. Which essential elements should be included in the program? (Choose two.)

The main purpose of the US Treasury Department for OFAC's extraterritorial reach is to:

To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require?

In which type of banking transaction is price manipulation, as a form of money laundering, a common practice?