If you buy and use the CAMS Formal Test study materials from our company, you can complete the practice tests in a timed environment, receive grades and review test answers via video tutorials. You just need to download the software version of our CAMS Formal Test study materials after you buy our study materials. You will have the right to start to try to simulate the real examination. And our CAMS Formal Test test guide benefit exam candidates by improving their ability of coping the exam in two ways, first one is their basic knowledge of it. Our CAMS Formal Test exam questions generally raised the standard of practice materials in the market with the spreading of higher standard of knowledge in this area. In short, we live in an age full of challenges.
CAMS Certification CAMS It is a long process to compilation.
No matter what kind of learning method you like, you can find the best one for you at CAMS - Certified Anti-Money Laundering Specialists (the 6th edition) Formal Test exam materials. All consumers who are interested in Valid CAMS Mock Exam guide materials can download our free trial database at any time by visiting our platform. During the trial process, you can learn about the three modes of Valid CAMS Mock Exam study quiz and whether the presentation and explanation of the topic in Valid CAMS Mock Exam preparation questions is consistent with what you want.
We firmly believe that you cannot be an exception. Choosing our CAMS Formal Test exam questions actually means that you will have more opportunities to be promoted in the near future. If you eventually fail the exam, we will refund the fee by the contract.
ACAMS CAMS Formal Test - Sharp tools make good work.
Add Goldmile-Infobiz's products to cart now! You will have 100% confidence to participate in the exam and disposably pass ACAMS certification CAMS Formal Test exam. At last, you will not regret your choice.
Hope you can give our CAMS Formal Test exam questions full trust, we will not disappoint you. And with our CAMS Formal Test study materials, you are bound to pass the exam.
CAMS PDF DEMO:
QUESTION NO: 1
A close relative of a privately-owned bank's senior manager requests to open an account.
Because of this relationship, the staff expedites the opening of the account without following established account-opening procedures. Applying the Basel Committee on Banking Supervision principles, which of the following poses the highest operational risk?
A. Failure to conduct proper due diligence.
B. The possibility of lawsuits that adversely affect the operations of a bank.
C. The bank's exposure to politically exposed persons.
D. Not having appropriate information to share with Financial Intelligence Units.
Answer: D
QUESTION NO: 2
What are two requirements of United States financial institutions when conducting business with an international institution as a result of the USA PATRIOT Act? (Choose two.)
A. Complying with Special Measures issued under the USA PATRIOT Act
B. Performing due diligence on correspondent accounts
C. Performing enhanced due diligence on shell banks
D. Visiting the head office of the international financial institution
Answer: A,C
QUESTION NO: 3
Which two aspects of the security broker dealer industry increase its exposure to money laundering? Choose 2 answers
A. The routine use of wire transfers from, to or through multiple jurisdictions
B. Disposing of cash through securities purchases
C. They easy conversion of holdings to cash with significant loss of principal
D. Fast paced transactions conducted electronically
Answer: B,D
QUESTION NO: 4
Identify a person fully, including their political history.
A. 1, 2, and 3 only
B. 1, 2, and 4 only
C. 1, 3, and 4 only
D. 2, 3, and 4 only
Answer: D
2. The Egmont Group is a worldwide organization of
A. financial intelligence units.
B. banking regulators.
C. law enforcement authorities.
D. central banks.
Answer: A
3. Which three criteria does a shell bank meet according to the Wolfsberg Principles on
Correspondent Banking?
Choose 3 answers.
A. It does not conduct business at a fixed address in a jurisdiction in which it is authorized to conduct business.
B. It is not subject to inspection by the banking authority that licensed it to conduct banking activities
C. It does not employ one or more individuals at its fixed address where it is authorized to conduct business or maintain operating records at that address
D. It is not subject to AML laws that require it to implement an AML program
Answer: A,C,D
4. What is a major money laundering risk associated with a number of prepaid cards as opposed to credit or debit cards?
A. The anonymous access to funds
B. The global access to cash through ATMs
C. The inability to load the card with cash
D. The risk of losing the prepaid cards
Answer: A
QUESTION NO: 5
What are two reasons physical certificates present a money laundering risk to broker-dealers?
(Choose two.)
A. The trade information on a physical certificate can be easily altered
B. There is little information readily available to the broker confirming the source of the funds
C. Physical certificates do not expire and may be held by the owner for perpetuity
D. Physical certificates may be provided to nominees for deposit or settled in off-market transactions
Answer: B,D
Microsoft AI-900 - Goldmile-Infobiz's providing training material is very close to the content of the formal examination. But our Fortinet FCSS_SASE_AD-24 study materials have the high pass rate as 98% to 100%, so it is guarantee for you to pass. Juniper JN0-336 - We will provide one year free update service for those customers who choose Goldmile-Infobiz's products. If you also look forward to change your present boring life, maybe trying your best to have the Microsoft MB-500 certification is a good choice for you. Amazon SAA-C03 - As most of our exam questions are updated monthly, you will get the best resources with market-fresh quality and reliability assurance.
Updated: May 28, 2022