NO.1 What should law enforcement provide when asking an institution to keep an account open?
A. A written request with an explanation of the scope of the investigation
B. An explanation of the underlying conduct that is being investigated
C. An in-person visit by an investigating official to explain the reasons why the account mustremain
open
D. A written request on government agency letterhead with the appropriate signature
Answer: D
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NO.2 Which activity is most likely to facilitate money laundering through on-line systems with
inadequate controls?
A. Providing continuous worldwide access
B. Conducting anonymous transactions
C. Conducting a large volume of transactions
D. Conducting large value transactions
Answer: A
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NO.3 A customer comes into the bank and appears to be ill-at-ease waiting in the teller line. When
the customer gets to the teller, he become exceedingly nervous and asks for a large cashier's check to
be cashed and disbursed to him in $100 bills.
What should the teller do after completing the transaction?
A. File a SAR on the customer
B. Confer with the bank' s account going forward
C. File a CTR on the customer by the end of the day
D. Monitor the customer's account going forward
Answer: A
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NO.4 What describes the Black Market Peso Exchange money laundering method?
A. An undercover technique to identify politically exposed persons who may assist moneylaunderers
B. A method used to smuggle dollars or pesos across that border from the U.S. to Mexico, and
viceversa
C. The best known money laundering method used by known terrorists
D. A method primarily used by narcotics traffickers to transfer value back to the source country
Answer: D
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NO.5 According to the Financial Action Task Force 40 Recommendations, simplified customer due
diligence or reduced measures could be acceptable for which of the following types of products or
transactions?
1.Life insurance policies where the annual premium is no more than USD/EUR 1,000 or a single
premium of no more than USD/EUR 2,500.
2.Insurance policies for pension schemes if there is no surrender clause and the policy cannot be
used as collateral.
3.A ptfiisiui i Ll idL pr uviJcfb lelir emei it bei lefils Lu employees.
4.Trusts where the settlor, trustee and beneficiaries are identified and the shares are in bearer
form.
A. 1, 2, and 3 only
B. 2, 3, and 4 only
C. 1, 2, and 4 only
D. 1, 3, and 4 only
Answer: C
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NO.6 A profitable commercial customer who operates an import-export business has multiple
accounts with the same institution at branches m different locations. The customer receives funds
from a jurisdiction perceived as highly corrupt according to Transparency International ratings. The
customer makes frequent transfers among the accounts and prefers to manage the accounts
separately. What should the institution do to mitigate the risk associated with these accounts?
A. File a suspicious transaction report
B. Conduct a trade-pnce manipulation analysis
C. Develop a system to monitor all the activity
D. Diminish the importance of the subjective Transparency International rating
Answer: A
NO.7 A compliance officer is looking to update an institution's private bank procedures. What should
be included as recommended by the Wolfsberg AML Principles on Private Banking?
A. Review of client files annually if there are unusual transactions
B. Dedicated automated AML monitoring of client activity
C. Approval of Politically Exposed Persons (PEPs) by at least one person other than the
relationshipmanager
D. The institution's senior management has primary responsibility for the relationship
Answer: C
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NO.8 What are three factors a financial institution should examine with regard to a new customer
who is opening up a new account? Choose 3 answers
A. The country or location where the customer is from or does business
B. The legal structure of the customer's business
C. The type and size of the business the customer runs
D. The previous financial institutions where the customer has banked
Answer: B,C,D
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Exam Code: CAMS Exam PDF
Exam Name: Certified Anti-Money Laundering Specialists
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ACAMS CAMS Exam PDF Braindumps 137 Q&As
Updated: 12-24,2015
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ITCertMaster offer the latest HAT-680 Practice Test and high-quality HP0-A116 PDF Exam Questions training material. Our P2090-086 VCE testing engine and HP5-B05D dumps can help you pass the real exam. High-quality E20-553 Exam Questions & Answers can 100% guarantee you pass the exam faster and easier. Pass the exam to obtain certification is so simple.
ACAMS and LexisNexis Risk Solutions recently conducted a survey to identify standard practices within the AML community pertaining to AML Risk Assessment and Customer Due Diligence. Preliminary findings were reported at the ACAMS 14th Annual AML and Financial Crimes Conference, September 28-30, 2015. A full report will be published and made available to ACAMS members and survey participants in October 2015.
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Tags:CAMS Exam Cram,ACAMS
A. A written request with an explanation of the scope of the investigation
B. An explanation of the underlying conduct that is being investigated
C. An in-person visit by an investigating official to explain the reasons why the account mustremain
open
D. A written request on government agency letterhead with the appropriate signature
Answer: D
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NO.2 Which activity is most likely to facilitate money laundering through on-line systems with
inadequate controls?
A. Providing continuous worldwide access
B. Conducting anonymous transactions
C. Conducting a large volume of transactions
D. Conducting large value transactions
Answer: A
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NO.3 A customer comes into the bank and appears to be ill-at-ease waiting in the teller line. When
the customer gets to the teller, he become exceedingly nervous and asks for a large cashier's check to
be cashed and disbursed to him in $100 bills.
What should the teller do after completing the transaction?
A. File a SAR on the customer
B. Confer with the bank' s account going forward
C. File a CTR on the customer by the end of the day
D. Monitor the customer's account going forward
Answer: A
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NO.4 What describes the Black Market Peso Exchange money laundering method?
A. An undercover technique to identify politically exposed persons who may assist moneylaunderers
B. A method used to smuggle dollars or pesos across that border from the U.S. to Mexico, and
viceversa
C. The best known money laundering method used by known terrorists
D. A method primarily used by narcotics traffickers to transfer value back to the source country
Answer: D
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NO.5 According to the Financial Action Task Force 40 Recommendations, simplified customer due
diligence or reduced measures could be acceptable for which of the following types of products or
transactions?
1.Life insurance policies where the annual premium is no more than USD/EUR 1,000 or a single
premium of no more than USD/EUR 2,500.
2.Insurance policies for pension schemes if there is no surrender clause and the policy cannot be
used as collateral.
3.A ptfiisiui i Ll idL pr uviJcfb lelir emei it bei lefils Lu employees.
4.Trusts where the settlor, trustee and beneficiaries are identified and the shares are in bearer
form.
A. 1, 2, and 3 only
B. 2, 3, and 4 only
C. 1, 2, and 4 only
D. 1, 3, and 4 only
Answer: C
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NO.6 A profitable commercial customer who operates an import-export business has multiple
accounts with the same institution at branches m different locations. The customer receives funds
from a jurisdiction perceived as highly corrupt according to Transparency International ratings. The
customer makes frequent transfers among the accounts and prefers to manage the accounts
separately. What should the institution do to mitigate the risk associated with these accounts?
A. File a suspicious transaction report
B. Conduct a trade-pnce manipulation analysis
C. Develop a system to monitor all the activity
D. Diminish the importance of the subjective Transparency International rating
Answer: A
NO.7 A compliance officer is looking to update an institution's private bank procedures. What should
be included as recommended by the Wolfsberg AML Principles on Private Banking?
A. Review of client files annually if there are unusual transactions
B. Dedicated automated AML monitoring of client activity
C. Approval of Politically Exposed Persons (PEPs) by at least one person other than the
relationshipmanager
D. The institution's senior management has primary responsibility for the relationship
Answer: C
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NO.8 What are three factors a financial institution should examine with regard to a new customer
who is opening up a new account? Choose 3 answers
A. The country or location where the customer is from or does business
B. The legal structure of the customer's business
C. The type and size of the business the customer runs
D. The previous financial institutions where the customer has banked
Answer: B,C,D
CAMS Exam PDF CAMS Exam PDF Practice Test
In order to prevent your life from regret and remorse, you should seize every opportunity which can change lives passibly. Did you do it? ITCertMaster's ACAMS CAMS Exam PDF training materials can help you to achieve your success. We can help you pass the ACAMS CAMS Exam PDF smoothly. In order not to let success pass you by, do it quickly.
ITCertMaster ACAMS CAMS Exam PDF training materials are provided in PDF format and software format. It contains ACAMS CAMS Exam PDF and answers. These issues are perfect, Which can help you to be successful in the ACAMS CAMS Exam PDF. ITCertMaster ACAMS CAMS Exam PDF comprehensively covers all syllabus and complex issues. The ITCertMaster ACAMS CAMS Exam PDF and answers is the real exam challenges, and help you change your mindset.
Exam Code: CAMS Exam PDF
Exam Name: Certified Anti-Money Laundering Specialists
Guaranteed success with practice guides, No help, Full refund!
ACAMS CAMS Exam PDF Braindumps 137 Q&As
Updated: 12-24,2015
CAMS Exam PDF Detail : CAMS Exam PDF Braindumps
ITCertMaster offer the latest HAT-680 Practice Test and high-quality HP0-A116 PDF Exam Questions training material. Our P2090-086 VCE testing engine and HP5-B05D dumps can help you pass the real exam. High-quality E20-553 Exam Questions & Answers can 100% guarantee you pass the exam faster and easier. Pass the exam to obtain certification is so simple.
ACAMS and LexisNexis Risk Solutions recently conducted a survey to identify standard practices within the AML community pertaining to AML Risk Assessment and Customer Due Diligence. Preliminary findings were reported at the ACAMS 14th Annual AML and Financial Crimes Conference, September 28-30, 2015. A full report will be published and made available to ACAMS members and survey participants in October 2015.
CAMS Latest Dumps : http://exam.it2blog.com/2015/12/10/acams-cams-test-questions-the-latest-exam-questions-and-answers-free-download/
Tags:CAMS Exam Cram,ACAMS
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