A bank account is established for a new business customer. The business was established five years ago with an address in another state. The business website contains few details other than stating it is a real estate business.One principal has an international telephone number and appears to be living in another country. The other principal works out of a recreational vehicle.What warrants enhanced due diligence in this scenario?
Answer(s): A
A branch manager for a small community bank has a new customer who deposits four EUR 50, 000 checks into one account. Shortly thereafter, the customer goes to another branch and asks to transfer all but EUR 1, 500 to three accounts in different foreign jurisdictions.Which suspicious activity should be the focus of the suspicious transaction report?
Answer(s): B
A government has instituted new anti-money laundering laws which require all financial institutions to obtain certain information from its customers.Which step should an institution located in this jurisdiction take to ensure compliance?
Answer(s): C
An anti-money laundering audit identifies a significant weakness in how transaction monitoring alerts are cleared. Audit sampling identified potentially suspicious activity that was cleared as not suspicious.Management accepts the audit finding and develops a remediation plan. What is the role of the auditor during the correction phase?
Which method to launder money through deposit-taking institutions is closely associated with international trade?
http://fraudaid.com/Dictionary-of-Financial-Scam-Terms/black_market_peso_exchange.htm
A customer opens a corporate account with a broker-dealer on behalf of several beneficial owners, with a stated long-term investment goal. The customer deposits $25.5 million into the account and three days later transfers $5 million to an overseas bank. Shortly thereafter, the customer begins making numerous purchases of pesos. The compliance officer receives a query regarding the movement of funds. Within a month of account opening, the customer depletes the account.Which two red flags should prompt the firm’s compliance officer to take action? (Choose two.)
Answer(s): C,D
What should countries do to help prevent non-profit organizations from being abused for the financing of terrorism according to the Financial Action Task Force 40 Recommendations?
http://www.fatf-gafi.org/media/fatf/documents/reports/BPP-combating-abuse-non-profit-organisations.pdf (p.9)
An employee hears a colleague on the telephone with a customer giving advice on how to ensure that a suspicious transaction report will not be filed as a result of a future transaction.What action should the employee take?
Share your comments for ACAMS CAMS7 exam with other users:
questions and options are correct, but the answers are wrong sometimes. so please check twice or refer some other platform for the right answer
90% of questions was there but i failed the exam, i marked the answers as per the guide but looks like they are not accurate , if not i would have passed the exam given that i saw about 45 of 50 questions from dump
answer to this question "what administrative safeguards should be implemented to protect the collected data while in use by manasa and her product management team? " it should be (c) for the following reasons: this administrative safeguard involves controlling access to collected data by ensuring that only individuals who need the data for their job responsibilities have access to it. this helps minimize the risk of unauthorized access and potential misuse of sensitive information. while other options such as (a) documenting data flows and (b) conducting a privacy impact assessment (pia) are important steps in data protection, implementing a "need to know" access policy directly addresses the issue of protecting data while in use by limiting access to those who require it for legitimate purposes. (d) is not directly related to safeguarding data during use; it focuses on data transfers and location.
password lockout being the correct answer for question 37 does not make sense. it should be geofencing.
for question 4, the righr answer is :recover automatically from failures
question number 4s answer is 3, option c. i
very good questions
i am confused about the answers to the questions. are the answers correct?
very usefull
need certification.
great exam prep
i require dump
good morning, could you please upload this exam again,
hi can you please upload the dumps for sap contingent module. thanks
good questions
looking forward to the real exam
good ones for exam preparation
this is a good experience
hi everyone
waiting for the dump. please upload.
upload cks exam questions
awesome training material
where is dump
q. 289 - the correct answer should be b not d, since the question asks for the most secure way to provide access to a s3 bucket (a single one), and by principle of the least privilege you should not be giving access to all buckets.
please i need if possible h12-831,
good collection of questions and solution for pl500 certification
i would like to appear the exam.
i am very happy as i cleared my comptia a+ 220-1101 exam. i studied from as it has all exam dumps and mock tests available. i got 91% on the test.
need this dump
its really good to eventuate knowledge before appearing for the actual exam.
this is great
please i want the questions to pass the exam
i need to pass exam
great, i appreciate it.