CAMS Exam Dump, CAMS New Practice Questions

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ACAMS CAMS (Certified Anti-Money Laundering Specialists) Certification Exam is a globally recognized certification exam designed for professionals in the anti-money laundering (AML) industry. Certified Anti-Money Laundering Specialists certification exam is a rigorous and comprehensive assessment that measures an individual’s knowledge and skills in the AML field. Certified Anti-Money Laundering Specialists certification is valuable for AML professionals looking to advance their careers and enhance their professional credibility.

Earning the CAMS Certification demonstrates a commitment to excellence in the AML field and can lead to career advancement opportunities. CAMS-certified professionals are sought after by employers who are looking for individuals with a deep understanding of AML regulations and the ability to implement effective compliance programs. The CAMS certification is also recognized by regulatory authorities and can help organizations demonstrate their compliance with AML regulations.

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CAMS New Practice Questions | CAMS Reliable Exam Question

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ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q441-Q446):

NEW QUESTION # 441
Combating the Financing of Terrorism (CFT)]
A bank receives an anonymous tip from an employee about another employee through its confidential hotline.
Which activity warrants further review?

A. An employee in bookkeeping accepts funds transfer requests from customers via telephone
B. A teller distributes bank brochures to customers who regularly conduct cash transactions below reporting limits
C. A mortgage officer works with home loan applicants to resolve adverse credit issues
D. An employee in accounting works with customers to help understand how to reduce service charges

Answer: B

Explanation:
The activity of a teller distributing bank brochures to customers who regularly conduct cash transactions below reporting limits warrants further review. This is because the teller may be facilitating or encouraging structuring, which is a form of money laundering that involves breaking down large amounts of cash into smaller transactions to avoid detection or reporting requirements. Structuring is illegal and can expose the institution and the employee to civil or criminal penalties. The teller may also be acting as an agent or a recruiter for money launderers who use the bank's services to launder their illicit funds12.
:
1: CAMS Certification Package - 6th Edition | ACAMS, Chapter 2: Money Laundering Risks and Methods, p. 28-29 2:
FATF Report: Money Laundering through the Physical Transportation of Cash, October 2015, p. 23-24,
http://www.fatf-gafi.org/media/fatf/documents/reports/money-laundering-through-transportation-cash.pdf

NEW QUESTION # 442
A comprehensive set of risk-based guidelines for maintaining business relationships is being developed.
Which situation indicates that the institution should terminate the relationship with a client?

A. The client exceeds the criteria of an acceptable risk model created by another institution that is not similar in size and complexity.
B. The client exceeds the criteria of an acceptable risk model created by the institution and does not perform acceptable remedial actions.
C. The client does business in countries with active terrorist organizations.
D. The client conducts international financial transactions exceeding U.S. $500 million.

Answer: B

Explanation:
Reference:
http://www.fatf-gafi.org/media/fatf/documents/reports/Risk-Based-Approach-Banking-Sector.pdf

NEW QUESTION # 443
In general, what is an element that a financial institution or business does not have to specifically address in an anti-money laundering program?

A. A designated compliance officer with day-to-day oversight over the AML program
B. A description of its OFAC program to address government watch list screening
C. A system of internal policies, procedures and controls
D. An ongoing employee training program

Answer: B

NEW QUESTION # 444
Country A's anti-corruption authorityhas been investigating themovement of potential proceeds of bribery and corruption to Country Band is now preparing to take the case to a local court.
Which method of obtaining the requiredevidence to prosecute the casewould bemost effective?

A. Make a request for the required evidence using Country A'sMutual Legal Assistance Treaty (MLAT) with Country B.
B. Make an official requestdirectly from the head of Country A's anti-corruption authorityto Country B's corresponding law enforcement authority.
C. Use theInternational Criminal Police Organization (INTERPOL) networkto obtain the required evidence from Country B.
D. Use theEgmont Secure Webto obtain the required evidence from Country B'sFinancial Intelligence Unit (FIU).

Answer: A

Explanation:
When seekinglegal evidence across borders,MLATsare themost formal and effective mechanism.
* Option A (Correct):MLATsprovide alegal frameworkfor exchangingevidence in criminal investigations.
* Option B (Incorrect):TheEgmont Secure Webfacilitatesintelligence sharing between FIUs, butnot legal evidence.
* Option C (Incorrect):INTERPOL focuses on law enforcement cooperation, but not formalevidence gathering for prosecutions.
* Option D (Incorrect):Direct requestsbetween anti-corruption authorities may not havelegal standing in court.
Reference:FATF Recommendation 40 (International Cooperation), UN Convention Against Corruption (UNCAC), Mutual Legal Assistance Treaties (MLATs).

NEW QUESTION # 445
After evaluating recent changes to international standards, an anti-money laundering specialist should consider enhanced due diligence on accounts held by which three groups of people?

A. Lawyers
B. Retail Account Holders
C. Foreign Exchange Dealers
D. Precious Metal Dealers

Answer: A,C,D

NEW QUESTION # 446
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