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ACAMS CAMS Practice Test - Questions Answers, Page 22

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Question 211

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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 C. The wire transfer is deemed suspicious by Bank A.

Who should Bank A file a suspicious transaction report on?

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Question 212

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With which person(s) should an anti-money laundering officer coordinate when implementing a new hire screening program?

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Question 213

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A compliance officer is conducting a review of the automated transaction monitoring system. What would be most likely to result in a change in the monitoring system parameters?

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Question 214

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Which three are the most commonly used risk criteria?

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Question 215

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Which three do the Office of Foreign Asset Control regulations cover? Choose 3 answers

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Question 216

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Which statement is true about when an institute becomes aware that a particular employee is under investigation by law enforcement as a result of a subpoena or warrant?

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Question 217

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In relationship to life insurance business, the third European Directive states that Member States may allow the identity verification of the beneficiary under the policy after the business relationship has been established, but before which events?

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Question 218

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What was the topic the Wolfsberg Group's first guidance addressed?

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Question 219

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What is an indicator of suspicious activity?

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Question 220

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What is the primary action a financial institution should take before formulating its anti-money laundering program?

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