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ACAMS CAMS Practice Test - Questions Answers, Page 62

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Question 611

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Which principle about safeguarding privacy and data should an auditor adhere to when performing an AML investigation?

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Question 612

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

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Question 613

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According to the Financial Action Task Force, financial institutions should exit the relationship with a client in which case?

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Question 614

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A precious metals dealer opens a new account with a bank. Which requires a referral to AML investigations for further review?

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Question 615

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Which accurately describes the social and economic impacts of money laundering?

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Question 616

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The AML investigator is reviewing the transaction monitoring alerts and the customer's historical profile for the past two years. A review of the negative news search from a blog indicates that the customer was previously part of a terrorist group. Which activities warrant further escalation? (Select Two.)

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Question 617

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A customer puts high-denomination cash notes into a poker machine at a casino. Without placing any bets, the customer collected winnings in the form of a check from the casino.

Which money laundering threats could result from the customer's activities?

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Question 618

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What is a key objective of the Egmont Group?

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Question 619

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Which action by a prospective customer during the account opening process requires further investigation?

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Question 620

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Which activities conducted by a lawyer could be a red flag for money laundering? (Select Two.)

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