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ACAMS CAMS Practice Test - Questions Answers, Page 38

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Question 371

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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?

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Question 372

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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 customer is in the business of importing and exporting machineries. Which transaction indicator warrants further escalation to the compliance officer?

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Question 373

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

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Question 374

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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 was triggered due to unusual activity on the account. Which most likely triggered the review?

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Question 375

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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 (FIs)?

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Question 376

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

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Question 377

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One of the red flags of microstructuring is:

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Question 378

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

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Question 379

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

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Question 380

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

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