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ACAMS CAMS Practice Test - Questions Answers, Page 36

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Question 351

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One key aspect of promoting an enterprise-wide compliance culture within a financial institution (FI) is that the:

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Question 352

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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 suspects the previous customer is engaging in smurfing. Which action should the bank teller perform?

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Question 353

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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?

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Question 354

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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?

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Question 355

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How should law enforcement obtain documentation from an institution when suspicious activity was identified? (Choose two.)

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Question 356

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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?

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Question 357

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

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Question 358

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Which is a red flag for funds transfers?

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Question 359

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

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Question 360

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

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