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ACAMS CAMS Practice Test - Questions Answers, Page 64

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Question 631

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Which economic and social factors could create a dependency on illicit activities and money laundering? (Select Two.)

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Question 632

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A high-profile, successful entrepreneur has been a client of a Swiss private bank for more than a decade. Recently, the entrepreneur launched a political career, with rather extremist political views. On which grounds can the bank terminate the client's bank relationship? (Select Two.)

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Question 633

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A well-developed anti-money laundering compliance program is unlikely to achieve institutional goals without

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Question 634

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The most important anti-money laundering issue associated with on-line banking is accurately

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Question 635

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During the course of work on behalf of a client, a lawyer participated in the movement of money. If the lawyer suspects an act of money laundering, which of the following should the lawyer do according to European Union Money Laundering Directives?

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Question 636

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Once a financial institution has reported suspicious transactions on a valued customer, it should cooperate with competent authorities by

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Question 637

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On discovering employees had unintentionally provided assistance to customers who were structuring transactions, an anti-money laundering specialist should recommend

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Question 638

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Which is a purpose of imposing sanctions?

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Question 639

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Which scenario best justifies why a customer's account might be closed by a financial institution?

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Question 640

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At a minimum, who should receive role-specific AML training? (Select Three.)

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