ACAMS CAMS Practice Test - Questions Answers, Page 75

An international bank is investigating a payment requested by one of its correspondent relationships that generated an alert in the automated transaction monitoring system.

The payment originated from a corporation located in Hong Kong, and the final beneficiary is an individual in New York.

Which steps should the bank take first to address the alert? (Select Three.)

Which practices are crucial for ensuring that an organization effectively limits the collection and use of personal data when performing AML-related controls?

What are the most effective measures that can be taken to boost risk appetite awareness across an organization after a Risk Appetite Statement (RAS) has been set and a risk appetite framework has been drafted? (Select Three.)

Which red flags could indicate increased terrorist financing and money laundering risks related to cultural objects and high-value art? (Select Three.)

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

Which line of defense is solely tasked with providing assurance to the Board of Directors of an organization?

UN sanctions are the most effective and legitimate non-violent multilateral tools to respond to international security threats when they:

According to FinCEN, which red flags within a bank account may, taken together, be indications of modern slavery, human trafficking, and exploitation? (Select Two.)

Which of the following scenarios warrants enhanced due diligence (EDD)? (Select Three.)