Ask Question
Advanced-CAMS-Audit: ACAMS Certified Anti-Money Laundering Specialist - Audit
The Advanced-CAMS-Audit exam, also known as ACAMS Certified Anti-Money Laundering Specialist - Audit, is a crucial certification for professionals in the field of anti-money laundering and compliance. To increase your chances of passing, practicing with real exam questions shared by those who have succeeded can be invaluable. In this guide, we’ll provide you with practice test questions and answers, offering insights directly from candidates who have already passed the exam.
Why Use Advanced-CAMS-Audit Practice Test?
-
Real Exam Experience: Our practice tests accurately replicate the format and difficulty of the actual Advanced-CAMS-Audit exam, providing you with a realistic preparation experience.
-
Identify Knowledge Gaps: Practicing with these tests helps you identify areas where you need more study, allowing you to focus your efforts effectively.
-
Boost Confidence: Regular practice with exam-like questions builds your confidence and reduces test anxiety.
-
Track Your Progress: Monitor your performance over time to see your improvement and adjust your study plan accordingly.
Key Features of Advanced-CAMS-Audit Practice Test:
-
Up-to-Date Content: Our community ensures that the questions are regularly updated to reflect the latest exam objectives and technology trends.
-
Detailed Explanations: Each question comes with detailed explanations, helping you understand the correct answers and learn from any mistakes.
-
Comprehensive Coverage: The practice tests cover all key topics of the Advanced-CAMS-Audit exam, including AML regulations, audit procedures, and risk management.
-
Customizable Practice: Create your own practice sessions based on specific topics or difficulty levels to tailor your study experience to your needs.
Exam Details:
-
Exam Number: Advanced-CAMS-Audit
-
Exam Name: ACAMS Certified Anti-Money Laundering Specialist - Audit
-
Length of Test: 3.5 hours
-
Exam Format: Multiple-choice questions
-
Exam Language: English
-
Number of Questions: 150 questions
-
Passing Score: 70%
Use the member-shared Advanced-CAMS-Audit Practice Tests to ensure you're fully prepared for your certification exam. Start practicing today and take a significant step towards achieving your certification goals!
Related questions
Which task should an auditor complete first when preparing to audit the client risk scoring methodology?
Unlock Premium Member
When reviewing an AML policy, an auditor should expect to find that the policy.
What is the role of the internal audit in the governance process?
When sample testing client transaction records, the auditor finds that a client offered to sell a piece of art on a commission basis. A sale was completed and the purchase price was remitted to the client with less commission. What further investigation should the auditor undertake?
The auditor finds that the customer risk assessment (CRA) is completed at initial onboarding and is repealed for each customer every other year. The auditor's observations should Include that the CRA should:
be updated more often given the risk of the entity.
include an assessment of jurisdiction where the customer currently resides as this may have changed.
allow for sales oy third patties other than advisors since most of the customers are local residents.
include a qualitative overlay that 95% of the products offered are subject to regulatory exemptions.
Dynamic Nature of Customer Risk Assessment (CRA): A comprehensive CRA should incorporate jurisdictional risks, as customer location changes could introduce new risks, such as exposure to high-risk or non-compliant jurisdictions. FATF Recommendations on Risk-Based Approach: Periodic updates to the CRA, including changes in customer location, align with FATF's risk-based approach and Recommendation 10. Audit Observation Implications: Omission of jurisdictional assessments could result in undetected risks, undermining the integrity of the AML program.
Which KYC-related finding poses the most risk to the organization?
KYC requirements being considered a low priority not designed into business processes and implemented after product launch
Sanctions fists that are updated on a periodic basis following an annual risk assessment
KYC processes not being integrated into the business and associated application systems
Backlogs and delays in maintaining client files in accordance with the organization's policy
KYC integration is fundamental to ensuring that anti-money laundering controls are effective from the outset of client onboarding. Delayed implementation of KYC increases the risk of onboarding high-risk customers without adequate due diligence. Advanced CAMS-Audit documentation stresses the importance of embedding KYC into business processes during product design and rollout phases to mitigate risks. Neglecting this requirement can expose the organization to severe regulatory penalties and reputational damage.
An organization creates a document for its audit committee listing the outstanding audit findings. The list has an executive management owner assigned to each finding, due dates for reporting management's responses and space for management to identity the actions to be taken. Which is a primary purpose of this document?
An auditor is writing the scope for an AML review of a financial institution. The objective is to evaluate how effectively existing controls are designed and operating. Which areas should be assessed? (Select Two.)
A recent regulatory examination identified serious deficiencies in the AML program. Which action should the organization take first?
When assessing the effectiveness of a transaction monitoring system, which indicators require active monitoring by the auditor or compliance'? (Select Two.)
Export
If you didn't receive an email within 5 minutes, you should submit a support request to [email protected].
|
BASIC - 1 Month
$
3
Full latest questions
No CAPTCHA
New Updates
Export to VPLUS
Export to PDF - All questions
Team support
|
PLUS - 2 Months
$
10
Full latest questions
No CAPTCHA
New Updates
Export to VPLUS
Export to PDF - All questions
Team support
|
PRO - 6 Months
$
20
Full latest questions
No CAPTCHA
New Updates
Export to VPLUS
Export to PDF - All questions
Team support
|
Full latest questions
No CAPTCHA
New Updates
Export to VPLUS
Export to PDF - All questions
Team support
Full latest questions
No CAPTCHA
New Updates
Export to VPLUS
Export to PDF - All questions
Team support
Full latest questions
No CAPTCHA
New Updates
Export to VPLUS
Export to PDF - All questions
Team support
Practice Tests
Selling illegal goods, money scams etc.
Serious attack on a group.
Harassing an individual (including doxing)
Threatening or glorifying violence or serious harm, including self-harm
Nudity/Sexual content
Sexually explicit or suggestive imagery or writing involving minors
Sexually explicit or suggestive imagery or writing involving non-consenting adults or non-humans
Reusing content without attribution (link and blockquotes)
Not in English or has very bad formatting, grammar, and spelling
Author's credential is offensive, spam, or impersonation
Ex. Illegal content, incomplete question...
Question