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ACAMS CAMS Practice Test - Questions Answers, Page 59

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Question 581

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Customers of a telecommunications firm received an email explaining an issue with their last order. The customers were directed to the company website via a link in the email to provide personal information. Both the email and website were fake. What type of cybercrime has been committed?

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Question 582

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The Office of Foreign Assets Control requirements have an extraterritorial reach because compliance is required by:

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Question 583

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According to the Basel Committee, customer acceptance, customer due diligence, and record-keeping policies and procedures should be changed as necessary to:

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Question 584

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Which approach ensures the successful implementation of a transaction monitoring system?

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Question 585

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When investigating an AML event, which techniques would be used to investigate suspected mule accounts? (Select Three.)

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Question 586

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While conducting a review of a medium-risk customer, an analyst noted that a newly added authorized signatory is a foreign politically exposed person (PEP). Which is the appropriate next step for the analyst to take?

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Question 587

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How should a compliance program respond to an AML audit finding?

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Question 588

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Law enforcement is confidentially investigating 20 individuals suspected of belonging to a criminal network allegedly involved in laundering tens of millions of euros for cybercriminals. Which actions need to be taken by the AML Specialist at a bank upon learning the alert? (Select Two.)

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Question 589

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A bank received a subpoena regarding one of its clients. The financial intelligence unit of the bank should review the subpoena and:

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Question 590

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According to the USA PATRIOT Act, under which condition would US financial institutions (Fls) maintain correspondent accounts for foreign shell banks?

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