ACAMS CAMS Practice Test - Questions Answers, Page 50

Which principles of the Egmont Group of Financial Intelligence Units (Fills) are aimed at maximizing cooperation between FlUs to more effectively combat money laundering? (Select Two.)

Potential indicators of money laundering associated with Trust and Company Service Providers include: (Select Two.)

Sanctions screening requirements include that a financial institution should:

A compliance officer of a financial institution is reviewing a payment for sanctions compliance between two parties in Europe and Asia. The payment is in Euros and involves the provision of services to a company located in a jurisdiction subject to Office of Foreign Assets Control secondary sanctions. Which factor is most important in determining the compliance officer's response?

A country that does not have strong predicate offenses and is lax in prosecuting AML cases could suffer which social/economic consequence?

A bank's transaction surveillance system triggers an alert for a deposit of 250.000 USO into a client's account. According to the bank's KYC information, the client works for a financial advisory firm, and earns approximately 100,000 USD per year. Which actions should be taken? (Select Three.)

File the suspicious transaction immediately to the financial intelligence unit.

Which reputations risk consequence could a financial entity face for violating AML laws?

Which are primary purposes of Financial Action Task Force {FATF)-Style Regional Bodies? (Select Two.)

Which is the first valid step in the Mutual Legal Assistance Treaties international cooperation process?