CAMS Exam Dumps - Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)

Searching for workable clues to ace the ACAMS CAMS Exam? You’re on the right place! ExamCert has realistic, trusted and authentic exam prep tools to help you achieve your desired credential. ExamCert’s CAMS PDF Study Guide, Testing Engine and Exam Dumps follow a reliable exam preparation strategy, providing you the most relevant and updated study material that is crafted in an easy to learn format of questions and answers. ExamCert’s study tools aim at simplifying all complex and confusing concepts of the exam and introduce you to the real exam scenario and practice it with the help of its testing engine and real exam dumps

Go to page:

<< First
Prev
1
2
3
4
5
6
7
8
9
10
Next
Last >>

Question # 17

Cryptocurrency-related technologies that can be exploited by money launderers include: (Select Two.)

generative copilots.

small language models.

privacy coins.

crypto-mixers.

Full Access

Question # 18

Which suspicious activity may be the strongest indicator of money laundering through a casino?

A privately held company originates funds transfers through the casino into the betting accounts of multiple patrons

A patron requests the casino to transfer their winnings to another gambling operator

A patron purchases a large amount of chips at a blackjack table using cash

A patron routinely places multiple bets on the same sporting events

Full Access

Question # 19

The Wolfsberg Group's 2012 "Principles (or Private Banking" established that.

private banks agree that transparency of client beneficial ownership Is necessary and appropriate.

due diligence requirements tor private banking customers are necessary to prevent predicate offenses.

risk based approaches are insufficient to address the heightened risk presented through private banking

private banks need to better coordinate and align their global AML control environment strategies.

Full Access

Question # 20

Which external data source is most reliable for verifying beneficial ownership during onboarding?

Adverse media databases

Publicly available information on non-government data repositories

Credit reference agencies

Beneficial ownership registers available in country of incorporation of entity

Full Access

Question # 21

Which of the following actions is specifically permitted or required under FinCEN section 314(b) for financial institutions (FIs) to enhance their efforts in combating money laundering and terrorist financing?

FIs may disclose customer information to any third party

FIs may provide information about their internal compliance programs to law enforcement agencies without any limitations

FIs are required to report all transactions involving foreign entities to FinCEN so that FinCEN can share this information with other financial institutions

FIs may share information about suspected money laundering activities with other FIs to aid in identifying and reporting suspicious transactions

Full Access

Question # 22

A Financial Intelligence Unit (FIU) serves as a national center for the receipt and analysis of suspicious activity reports (SARs) and can obtain additional information from other reporting entities relevant to:

public administration.

legal assessment.

law enforcement.

legal activity.

Full Access

Question # 23

An institution is looking to alter an existing threshold-based monitoring scenario because it is generating too many alerts that do not yield suspicious activity reports.

Documentation submitted to the relevant committee for supporting this proposal should include details on: (Choose three.)

evidence that the increased residual risk arising from the change is within the bank's risk appetite.

approval by money-laundering reporting officer for the proposal.

how many resources are spent on the less productive lower threshold and the associated costs.

the number of cases that will not be filed and the resources that can be freed up for other tasks.

minutes of meeting held with the regulator where agreement was obtained that the higher threshold was justified.

historical analysis proving that the current scenario generates a disproportionate number of false positives.

Full Access

Question # 24

The compliance officer at a casino in Taiwan discovers that the casino received multiple cash deposits from a customer just below the Large-Amount Transaction Report (LTR) limit on consecutive days. The customer used three different betting accounts.

What is the appropriate next step?

Make a note in the customer's account that the customer's gambling activities are frequently conducted below the reporting limit

Follow internal reporting procedures to escalate the activity as suspicious and report to appropriate authorities

Inform the customer their activity Is suspicious and request an explanation

Contact law enforcement to launch an Investigation into the customer's financial activities

Full Access

Go to page: