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

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

Free ACAMS CAMS Real Questions (page: 7)

CAMS PDF — 469 Questions

A bank located in Arizona is considering a loan application for a new client. The collateral for the loan is a property in Florida.

The loan will be in the name of a limited liability company (LLC) whose ownership is not disclosed to the bank. The LLC was established by a New York-based attorney.

The loan will be repaid by the LLC in monthly wire transfers of $9, 000 which is more than the required monthly payment.

Which aspect indicates the potential for money laundering?

  1. The LLC’s ownership is not disclosed to the bank
  2. The collateral, a property in Florida, is not located in Arizona
  3. The repayment in the amount of $9, 000 indicates potential structuring
  4. The attorney associated with the account is outside the bank’s lending area

Answer(s): A,C



What is a key risk associated with Correspondent Accounts according to the Basel Customer Due Diligence paper?

  1. It is not used on a daily basis
  2. The service fees are insufficient to cover the cost of managing the account
  3. The respondent bank’s customer acceptance and know your customer policies are ineffective
  4. The volume and value of transactions passing through the account may not be in line with the original correspondent agreement

Answer(s): C



A law enforcement agency is reviewing a suspicious transaction report (STR) filed by a financial institution for suspicious activity on a client’s account. Subsequently, the agency requests further information.

Which supporting documentation might the law enforcement agency request from the institution to facilitate its investigation?

  1. Previously filed STRs on the same customer
  2. Account opening documents and account statements
  3. Copies of promotional materials sent to the customer
  4. A copy of the institution’s STR policy and procedures

Answer(s): B



A new compliance officer is reviewing the bank’s anti-money laundering program and notices that the risk assessment was completed six months ago. Since that time, the bank acquired another financial institution, re- named the internal records group, and streamlined cash handling procedures.

Which factor causes the compliance officer to update the bank’s risk assessment?

  1. The bank acquired another institution
  2. The internal records group has been re-named
  3. The cash handling procedures were streamlined
  4. The risk assessment was completed six months ago

Answer(s): A



The Wolfsberg Anti-Money Laundering Principles for Private Banking require new clients to be approved by whom?

  1. The board of directors
  2. Only the private banker
  3. The private banker’s supervisor
  4. At least one person other than the private banker

Answer(s): D


Reference:

https://www.wolfsberg-principles.com/sites/default/files/wb/pdfs/wolfsberg-standards/10.%20Wolfsberg-Private-Banking-Prinicples-May-2012.pdf (04)



Which two factors should increase the risk of a correspondent bank customer and require additional due diligence according to the Wolfsberg Anti-Money Laundering Principles for Correspondent Banking? (Choose two.)

  1. The customer is located in a Financial Action Task Force member country and provides services primarily to a local individual customer.
  2. The customer is located in a Financial Action Task Force member country and the bank’s head of information security is a politically exposed person.
  3. The customer is located in a Financial Action Task Force member country and provides services to other correspondent banks in neighboring countries.
  4. The customer is located in a non-Financial Action Task Force member country and services mostly commercial customers who engage in international trade.

Answer(s): C,D



In which two ways does a government Financial Intelligence Unit interact with public and private sectors? (Choose two.)

  1. It governs the methods of investigation used by competent authorities
  2. It mediates disputes between financial institutions and investigative authorities
  3. It receives and analyzes disclosures filed by financial and non-bank institutions
  4. It disseminates information and the results of its analysis to competent authorities

Answer(s): C,D


Reference:

http://pubdocs.worldbank.org/en/834721427730119379/AML-Module-2.pdf



What do Financial Action Task Force (FATF)-style regional bodies do for their members to help combat money laundering and terrorist financing?

  1. They provide technical assistance to members in implementing FATF recommendations
  2. They assist member countries in penalizing entities that violate FATF standards and recommendations
  3. They work with members on areas of concern outside of anti-money laundering and terrorist financing
  4. They supervise member country financial institutions relating to anti-money laundering and terrorist financing

Answer(s): D


Reference:

https://www.fatf-gafi.org/media/fatf/documents/brochuresannualreports/FATF30-(1989-2019).pdf



PDF
Viewing page 7 of 40

Share your comments for ACAMS CAMS exam with other users:

E
Ethan
8/23/2023 12:52:00 AM

question 46, the answer should be data "virtualization" (not visualization).

Anonymous
N
nSiva
9/22/2023 5:58:00 AM

its useful.

UNITED STATES
R
Ranveer
7/26/2023 7:26:00 PM

Pass this exam 3 days ago. The PDF version and the Xengine App is quite useful.

SOUTH AFRICA
S
Sanjay
8/15/2023 10:22:00 AM

informative for me.

UNITED STATES
T
Tom
12/12/2023 8:53:00 PM

question 134s answer shoule be "dlp"

JAPAN
A
Alex
11/7/2023 11:02:00 AM

in 72 the answer must be [sys_user_has_role] table.

Anonymous
F
Finn
5/4/2023 10:21:00 PM

i appreciated the mix of multiple-choice and short answer questions. i passed my exam this morning.

IRLAND
A
AJ
7/13/2023 8:33:00 AM

great to find this website, thanks

UNITED ARAB EMIRATES
C
Curtis Nakawaki
6/29/2023 9:11:00 PM

examination questions seem to be relevant.

UNITED STATES
U
Umashankar Sharma
10/22/2023 9:39:00 AM

planning to take psm test

Anonymous
E
ED SHAW
7/31/2023 10:34:00 AM

please allow to download

UNITED STATES
A
AD
7/22/2023 11:29:00 AM

please provide dumps

UNITED STATES
A
Ayyjayy
11/6/2023 7:29:00 AM

is the answer to question 15 correct ? i feel like the answer should be b

BAHRAIN
B
Blessious Phiri
8/12/2023 11:56:00 AM

its getting more technical

Anonymous
J
Jeanine J
7/11/2023 3:04:00 PM

i think these questions are what i need.

UNITED STATES
A
Aderonke
10/23/2023 2:13:00 PM

helpful assessment

UNITED KINGDOM
T
Tom
1/5/2024 2:32:00 AM

i am confused about the answers to the questions. do you know if the answers are correct?

KOREA REPUBLIC OF
V
Vinit N.
8/28/2023 2:33:00 AM

hi, please make the dumps available for my upcoming examination.

UNITED STATES
S
Sanyog Deshpande
9/14/2023 7:05:00 AM

good practice

UNITED STATES
T
Tyron
9/8/2023 12:12:00 AM

so far it is really informative

Anonymous
B
beast
7/30/2023 2:22:00 PM

hi i want it please please upload it

Anonymous
M
Mirex
5/26/2023 3:45:00 AM

am preparing for exam ,just nice questions

Anonymous
E
exampei
8/7/2023 8:05:00 AM

please upload c_tadm_23 exam

TURKEY
A
Anonymous
9/12/2023 12:50:00 PM

can we get tdvan4 vantage data engineering pdf?

UNITED STATES
A
Aish
10/11/2023 5:51:00 AM

want to clear the exam.

INDIA
S
Smaranika
6/22/2023 8:42:00 AM

could you please upload the dumps of sap c_sac_2302

INDIA
B
Blessious Phiri
8/15/2023 1:56:00 PM

asm management configuration is about storage

Anonymous
L
Lewis
7/6/2023 8:49:00 PM

kool thumb up

UNITED STATES
M
Moreece
5/15/2023 8:44:00 AM

just passed the az-500 exam this last friday. most of the questions in this exam dumps are in the exam. i bought the full version and noticed some of the questions which were answered wrong in the free version are all corrected in the full version. this site is good but i wish the had it in an interactive version like a test engine simulator.

Anonymous
T
Terry
5/24/2023 4:41:00 PM

i can practice for exam

Anonymous
E
Emerys
7/29/2023 6:55:00 AM

please i need this exam.

Anonymous
G
Goni Mala
9/2/2023 12:27:00 PM

i need the dump

Anonymous
L
Lenny
9/29/2023 11:30:00 AM

i want it bad, even if cs6 maybe retired, i want to learn cs6

HONG KONG
M
MilfSlayer
12/28/2023 8:32:00 PM

i hate comptia with all my heart with their "choose the best" answer format as an argument could be made on every question. they say "the "comptia way", lmao no this right here boys is the comptia way 100%. take it from someone whos failed this exam twice but can configure an entire complex network that these are the questions that are on the test 100% no questions asked. the pbqs are dead on! nice work

Anonymous
AI Tutor 👋 I’m here to help!