ACAMS CAMS Practice Test - Questions Answers, Page 66

Which actions should be taken by a financial institution (FI) when it receives a grand jury subpoena regarding a customer?

Which statement about the extraterritorial reach of U.S. laws and legislation is accurate?

Which section of the USA PATRIOT Act permits the U.S. government to seize funds deposited in a U.S. correspondent account of a foreign bank, creating extraterritorial impact?

Which of the following measures is one that the FATF recommends that Financial Institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) take to mitigate risks arising from business relationships with foreign politically exposed persons (PEPs)?

A financial institution (FI) is investigating an alert generated by the automated transaction monitoring system. The AML analyst must determine whether the alert should be escalated for further investigation or archived as a false positive.

Which action might be reasonable for the AML analyst to take?

Which of the following corporate structures present a higher money laundering risk due to reduced transparency? (Select Three.)

According to the Financial Action Task Force (FATF) report on terrorism financing, charities and nonprofit organizations are often vulnerable to terrorist financing because they: (Select Two.)

Which piece of information identified by customer screening would be the most likely reason to trigger consideration of exiting a business relationship with a customer because of financial crime concerns?

Money laundering has social and economic impacts, especially within developing countries. A high volume of money laundering in a country may: (Select Two.)