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ACAMS CAMS Practice Test - Questions Answers, Page 44

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Question 431

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Who bears the ultimate responsibility for approving a financial institution's relationship with a politically exposed person?

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Question 432

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What are the three basic functions of a national financial intelligence unit?

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Question 433

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Which risks are involved in a correspondent banking client's ownership and management structure? (Select Two.)

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Question 434

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In its paper. Customer Due Diligence for Banks, the Basel Committee on Banking Supervision identified which risks on banking institutions as a result of an inadequate KYC program?

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Question 435

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Which regulatory bodies cooperate when dealing with cross-border suspicious or unusual financial activity investigations?

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Question 436

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A US casino customer has won 55,518 USD. The customer goes to the casino cashier cage to execute some transactions. Which ^transactions are an indicator of money laundering? (Select Two.)

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Question 437

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A new business opened an account at a bank. After a month of activity, the account is referred to AML Investigations for potential human trafficking activity. Which red flags most likely triggered the referral? (Select Two.)

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Question 438

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Who meets the standard to perform the AML audit? (Select Two.)

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Question 439

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Which is a characteristic of the Financial Action Task Force (FATF) 40 recommendations?

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Question 440

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An example of an external factor that will affect an organization's AML risk is:

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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.)
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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: