Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors

ACAMS Certified Anti-Money Laundering Specialist (the 7th edition) CAMS Dumps in PDF

Free ACAMS CAMS Real Questions (page: 10)

CAMS PDF — 469 Questions

What are the regulatory risks to a bank employee who willfully violates anti-money laundering laws?

  1. Investigation and reputational damage
  2. Fines and suspension from the industry
  3. Criminal investigation and imprisonment
  4. Enforcement actions including fines against the financial institution

Answer(s): C


Reference:

https://books.google.com.pk/books?id=qKLr7IdWCqsC&pg=PA9&lpg=PA9&dq=What+are+the
+regulatory+risks+to+a+bank+employee+who+willfully+violates+anti-money+laundering+laws&source=bl&ots=gZzA0Ey5nB&sig=ACfU3U29fq8lwYh08XqdR1X7sWSISySPZw&hl=en&sa=X&ved=2ahUKEwiHwKHTjIvmAhWqwzgGHfW_AToQ6AEwC3oECAkQAQ#v=onepage&q=What%20are%20the%20regulatory%20risks%20to%20a%20bank%20employee%20who%20willfully%20violates%20anti-money%20laundering%20laws&f=false



What are two requirements with respect to supporting documentation that is used to identify potentially suspicious activity, according to Financial Action Task Force? (Choose two.)

  1. It must be retained for at least five years
  2. It must be retained for at least seven years
  3. It must be kept in a manner so that it can be provided promptly
  4. It must only be released to the government through a subpoena process

Answer(s): A,C


Reference:

https://www.fatf-gafi.org/media/fatf/documents/recommendations/pdfs/FATF%20Recommendations
%202012.pdf



What are two reasons physical certificates present a money laundering risk to broker-dealers? (Choose two.)

  1. The trade information on a physical certificate can be easily altered
  2. Physical certificates do not expire and may be held by the owner for perpetuity
  3. There is little information readily available to the broker confirming the source of the funds
  4. Physical certificates may be provided to nominees for deposit or settled in off-market transactions

Answer(s): C,D



An automotive parts company in South America sends multiple $500, 000 wire transfers per week to ABC Holdings Ltd. in Asia referencing payment for silk flower shipments. Research reveals Sunrise Holdings, Ltd is registered in the British Virgin Islands with no available ownership information.

What are two red flags that indicate how trade-based money laundering could be occurring in this instance? (Choose two.)

  1. The transaction involves the use of front (or shell) companies
  2. The packaging is inconsistent with the commodity or shipping method
  3. Significant discrepancies appear between the description of the commodity on the bill of lading and the invoice
  4. The type of commodity being shipped appears inconsistent with the exporter or importer’s regular business activities

Answer(s): A,D



The branch manager calls the compliance officer and informs her that a law enforcement officer has just left the branch and was asking a lot of questions and left a business card.

What should the compliance officer do?

  1. File a suspicious transaction report
  2. Follow up to verify that the officer received all necessary information
  3. Verify that the reported officer was an actual authorized representative
  4. Require the branch manager to write a detailed memo about the request

Answer(s): C



What is a major economic consequence of money laundering through the use of front companies?

  1. Placing more emphasis on manufacturing
  2. Weakening of the legitimate private sector
  3. Creating a more competitive pricing environment
  4. Aligning management principles between criminal enterprises and legitimate businesses

Answer(s): B


Reference:

http://people.exeter.ac.uk/watupman/undergrad/rtb/effects2.htm



An institution is about to release a new peer to peer (P2P) funds transfer product to provide much needed remittance services to an under-banked population segment in the country.

The service allows customers to transfer funds through a mobile banking application to individuals worldwide entering only a name and mobile number. The new service charges less than comparable market solutions and offers real time transfer of funds. The customer onboarding process is conducted at branch locations with identity verification.

Which three present the highest anti-money laundering or sanctions risk and will require controls prior to launch? (Choose three.)

  1. Customer onboarding
  2. Cross-border functionality
  3. Real time transfer of funds
  4. Servicing the under-banked population
  5. Limited access to counterparty information

Answer(s): A,C,E



What is true regarding disclosure to a law enforcement agency by a financial institution of the supporting documentation for a suspicious transaction report?

  1. Documentation must be provided as quickly as possible using email
  2. The financial institution may notify the account holder of the request
  3. Confirm that the request originated from a representative of the law enforcement agency
  4. A copy of all the documentation released must also be provided to the account holder’s attorney

Answer(s): C


Reference:

https://www.sec.gov/about/offices/ocie/aml2007/fin-2007-g003.pdf



PDF
Viewing page 10 of 40

Share your comments for ACAMS CAMS exam with other users:

A
anonymous
1/11/2024 4:50:00 AM

good questions

Anonymous
A
Anjum
9/23/2023 6:22:00 PM

well explained

Anonymous
T
Thakor
6/7/2023 11:52:00 PM

i got the full version and it helped me pass the exam. pdf version is very good.

INDIA
S
sartaj
7/18/2023 11:36:00 AM

provide the download link, please

INDIA
L
loso
7/25/2023 5:18:00 AM

please upload thank.

THAILAND
P
Paul
6/23/2023 7:12:00 AM

please can you share 1z0-1055-22 dump pls

UNITED STATES
E
exampei
10/7/2023 8:14:00 AM

i will wait impatiently. thank youu

Anonymous
P
Prince
10/31/2023 9:09:00 PM

is it possible to clear the exam if we focus on only these 156 questions instead of 623 questions? kindly help!

Anonymous
A
Ali Azam
12/7/2023 1:51:00 AM

really helped with preparation of my scrum exam

Anonymous
J
Jerman
9/29/2023 8:46:00 AM

very informative and through explanations

Anonymous
J
Jimmy
11/4/2023 12:11:00 PM

prep for exam

INDONESIA
A
Abhi
9/19/2023 1:22:00 PM

thanks for helping us

Anonymous
M
mrtom33
11/20/2023 4:51:00 AM

i prepared for the eccouncil 350-401 exam. i scored 92% on the test.

Anonymous
J
JUAN
6/28/2023 2:12:00 AM

aba questions to practice

UNITED STATES
L
LK
1/2/2024 11:56:00 AM

great content

Anonymous
S
Srijeeta
10/8/2023 6:24:00 AM

how do i get the remaining questions?

INDIA
J
Jovanne
7/26/2022 11:42:00 PM

well formatted pdf and the test engine software is free. well worth the money i sept.

ITALY
C
CHINIMILLI SATISH
8/29/2023 6:22:00 AM

looking for 1z0-116

Anonymous
P
Pedro Afonso
1/15/2024 8:01:00 AM

in question 22, shouldnt be in the data (option a) layer?

Anonymous
P
Pushkar
11/7/2022 12:12:00 AM

the questions are incredibly close to real exam. you people are amazing.

INDIA
A
Ankit S
11/13/2023 3:58:00 AM

q15. answer is b. simple

UNITED STATES
S
S. R
12/8/2023 9:41:00 AM

great practice

FRANCE
M
Mungara
3/14/2023 12:10:00 AM

thanks to this exam dumps, i felt confident and passed my exam with ease.

UNITED STATES
A
Anonymous
7/25/2023 2:55:00 AM

need 1z0-1105-22 exam

Anonymous
N
Nigora
5/31/2022 10:05:00 PM

this is a beautiful tool. passed after a week of studying.

UNITED STATES
A
Av dey
8/16/2023 2:35:00 PM

can you please upload the dumps for 1z0-1096-23 for oracle

INDIA
M
Mayur Shermale
11/23/2023 12:22:00 AM

its intresting, i would like to learn more abouth this

JAPAN
J
JM
12/19/2023 2:23:00 PM

q252: dns poisoning is the correct answer, not locator redirection. beaconing is detected from a host. this indicates that the system has been infected with malware, which could be the source of local dns poisoning. location redirection works by either embedding the redirection in the original websites code or having a user click on a url that has an embedded redirect. since users at a different office are not getting redirected, it isnt an embedded redirection on the original website and since the user is manually typing in the url and not clicking a link, it isnt a modified link.

UNITED STATES
F
Freddie
12/12/2023 12:37:00 PM

helpful dump questions

SOUTH AFRICA
D
Da Costa
8/25/2023 7:30:00 AM

question 423 eigrp uses metric

Anonymous
B
Bsmaind
8/20/2023 9:22:00 AM

hello nice dumps

Anonymous
B
beau
1/12/2024 4:53:00 PM

good resource for learning

UNITED STATES
S
Sandeep
12/29/2023 4:07:00 AM

very useful

Anonymous
K
kevin
9/29/2023 8:04:00 AM

physical tempering techniques

Anonymous
AI Tutor 👋 I’m here to help!