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ACAMS CAMS Practice Test - Questions Answers, Page 31

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List of questions

Question 301

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Why do organized crime groups often use front companies? (Choose two).

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Question 302

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Which Trust parties should be identified to determine the true nature of the Trust relationship according to Basel guidelines? (Choose three.)

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Question 303

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Which unusual or suspicious activity by a financial institution's (FI's) employee requires additional investigation and scrutiny?

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Question 304

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After review of the financial institution's enterprise-wide anti-money laundering risk assessment, the new compliance officer identifies several deficiencies that need attention.

Which deficiency could lead to the highest potential for unmitigated risk?

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Question 305

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What are the European Union Directives on Money Laundering?

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Question 306

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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 program?

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Question 307

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Which action should an FIU consider taking when it has information that might be useful to another FIU?

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Question 308

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When should new business products to evaluated for AML concerns?

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Question 309

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How should a financial institution deter money laundering through new accounts? Choose 3 answers

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Question 310

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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 should________?

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