ACAMS CAMS Practice Test - Questions Answers, Page 63

Which is the most severe consequence for a financial institution if the regulator finds it is in breach of AML regulatory obligations?

According to the Financial Action Task Force methodology, which situations would require a financial institution (FI) to consider filing a suspicious activity report?

In order for a terrorist organization to move funds from Cyprus to England through trade-based money laundering, which technique would be used?

When an existing customer becomes a politically exposed person (PEP), what should the KYC analyst do during the review/refresh period?

Which is most relevant when examining transactions suspected of being associated with money laundering via real estate?

AML training programs should extend beyond basic concepts to deliver targeted training by:

The Financial Action Task Force recommends the incorporation of some measures in customer due diligence programs including:

A financial institution (FI) is fined for failure to implement an effective AML program. Which consequences could the regulator impose on the bank's Chief AML Officer? (Select Three.)

A customer's registered business activity is a domestic carpet cleaning company. Besides domestic receipts, there are incoming weekly transactions from an international reputable auction house starting at 15,000 USD and averaging 30,000 USD. The matching cash outgoings amount to 90% of the incoming deposits to non-related individuals. Which is most concerning for potential money laundering?