ExamGecko
Login
Home / ACAMS / CAMS / List of questions
Ask Question

ACAMS CAMS Practice Test - Questions Answers, Page 41

Add to Whishlist

List of questions

Question 401

Report Export Collapse

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

Become a Premium Member for full access
  Unlock Premium Member

Question 402

Report Export Collapse

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

Become a Premium Member for full access
  Unlock Premium Member

Question 403

Report Export Collapse

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

Become a Premium Member for full access
  Unlock Premium Member

Question 404

Report Export Collapse

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 analyst take?

Become a Premium Member for full access
  Unlock Premium Member

Question 405

Report Export Collapse

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

Become a Premium Member for full access
  Unlock Premium Member

Question 406

Report Export Collapse

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.)

Become a Premium Member for full access
  Unlock Premium Member

Question 407

Report Export Collapse

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

Become a Premium Member for full access
  Unlock Premium Member

Question 408

Report Export Collapse

Which trading pattern may be indicative of money laundering in capital markets?

Become a Premium Member for full access
  Unlock Premium Member

Question 409

Report Export Collapse

The bank's internal financial intelligence unit (FIU) has reviewed activity related to a politically exposed person (PEP); the activity in the account contains a large, round number, one time wire to an obscure organization. Which would not be a sufficient reason to file a SAR/STR?

Become a Premium Member for full access
  Unlock Premium Member

Question 410

Report Export Collapse

Using the customer profile and expected activity information, a financial institution should be able to identify transactions that are difficult to:

Become a Premium Member for full access
  Unlock Premium Member
Total 764 questions
Go to page: of 77
Search
Open VPLUS File
Convert VPLUS to PDF

Related questions

What are the three basic functions of a national financial intelligence unit?
Which risks are involved in a correspondent banking client's ownership and management structure? (Select Two.)
Which is the first valid step in the Mutual Legal Assistance Treaties (MLAT) international cooperation process?
Why do organized crime groups often use front companies? (Choose two).
Which three measures are contained in Financial Action Task Force 40 Recommendations for reporting suspicious activity? (Choose three.)
The Basel Committee on Banking Supervision issued a paper in October 2001 in which it presented a Know Your Customer framework and recommended standards applicable to
After evaluating recent changes to international standards, an anti-money laundering specialist should consider enhanced due diligence on accounts held by 1. lawyers. 2. foreign exchange dealers. 3. retail account holders. 4. precious metal dealers.
According to the Financial Action Task Force, financial institutions should exit the relationship with a client in which case?
A compliance officer is reviewing transactions related to a company suspected of being involved in wildlife trafficking. Which of activities below are common in wildlife trafficking schemes? (Select Two.)
An example of an external factor that will affect an organization's AML risk is: