ACAMS CAMS Practice Test - Questions Answers, Page 47

How does the Egmont Group assist financial intelligence unit members to accomplish their goals? (Select Three.)

According to the Financial Crimes Enforcement Network, after an initial suspicious activity report has been filed for a customer, a financial institution must perform a continuing review of the account for a period of how many days?

What is a primary responsibility of a financial intelligence unit?

Which is a goal of Financial Action Task Force Regional-Style Bodies?

Which is a valid extraterritorial effect of the USA PATRIOT Act?

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

Which situation would require enhanced due diligence be performed on a customer?

Under the Wolfsberg Correspondent Banking Principles, which action is considered an enhanced due diligence obligation to correspondent banking clients that present greater risks?

A company service provider in Country A sets up a corporate structure for a client from Country B, which is known for corruption. The corporate structure includes a holding company in Country A with a bank account in one of the international banks located there. During on-boarding, the client's wealth was estimated at 7.52 million USD. Shortly thereafter, the client's father became president of Country B During a routine client review two years later, it was identified that the client's wealth had grown to 510 million USD. Which are two red flags that indicate money laundering or financial terrorism? (Select Two.)