ACAMS CAMS Practice Test - Questions Answers, Page 55

Which of the following activities is most likely associated with a lawyer participating in a money laundering scheme?

Which of the following is the main reason Internet gambling is an ideal web-based money laundering method?

When a regulatory body requires international assistance in a money laundering inquiry, such assistance is typically obtained by

Which of the following customer activities poses the highest risk of money laundering?

a personal banking customer who simultaneously opens several accounts will most likely cause further inquiry in which of the following scenarios?

Which of the following activities conducted at a financial institution is the strongest example of avoiding reporting thresholds?

The marketing department presents to an anti-money laundering specialist a business plan targeting individuals holding important public positions. In addition to obtaining the proper identification and basic information from these customers, what else should the anti-money laundering specialist recommend a financial institution do to check the background and conduct enhanced due diligence based on public information?

1. Determine if a client appears on the Basel Committee on Banking Supervision's list of public officials.

2. Investigate the source of funds.

3. Identify people and companies that are clearly related.

4. Identify a person fully, including their political history.

Which of the following is considered a shell bank as defined by the USA PATRIOT Act?

Separating illicit proceeds from their source by a series of complex financial Transactions designed to disguise the audit trail and provide anonymity is an example of what?