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ACAMS CAMS Practice Test - Questions Answers, Page 72

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Question 711

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A bank in the Netherlands has been requested to share information about a series of transactions and related customers with a bank in Italy. Both banks are subject to European Union jurisdiction.

Which factor is most important to consider before the Dutch bank shares the requested information with the Italian bank?

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Question 712

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Which risk factors should a financial institution (FI) examine for a new corporate customer intending to open a bank account? (Select Three.)

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Question 713

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Which of the following indicates potential money laundering activity by a lawyer?

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Question 714

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Which of the following are key AML measures that a regulated asset management company in the European Union (EU) should implement? (Select Two.)

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Question 715

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Which practices should financial institutions (FIs) adopt when determining the timeline for completing an internal AML investigation and filing a Suspicious Activity Report (SAR) to the Financial Intelligence Unit (FIU)?

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Question 716

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Which of the following is a core function of a Financial Intelligence Unit (FIU) as described in FATF Recommendation 29?

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Question 717

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Which measures should financial institutions (FIs) take when complying with sanctions requirements?

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Question 718

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Which of the following statements best describes the role of the Board of Directors in overseeing an institution's AML governance and compliance framework, according to the Basel Committee on Banking Supervision?

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Question 719

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A financial institution (FI) is conducting a complex investigation of unusual patterns of activity involving multiple businesses, triggered by an automated monitoring system alert.

Which techniques would be most efficient for conducting the investigation? (Select Two.)

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Question 720

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Which section of the USA PATRIOT Act relates to forfeiture of funds and allows for extraterritorial reach?

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