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ACAMS CAMS Based on Real Exam Environment

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Total 772 questions

Certified Anti-Money Laundering Specialist (the 6th edition) Questions and Answers

Question 77

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.)

Options:

A.

The customer is located in a Financial Action Task Force member country and provides services primarily

to a local individual customer.

B.

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.

C.

The customer is located in a Financial Action Task Force member country and provides services to other

correspondent banks in neighboring countries.

D.

The customer is located in a non-Financial Action Task Force member country and services mostly

commercial customers who engage in international trade.

Question 78

Which of the following customers require the most enhanced due diligence?

Options:

A.

A resident of a non-cooperative jurisdiction.

B.

An international business corporation.

C.

A politically exposed person.

D.

An established customer.

Question 79

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

whom?

Options:

A.

The board of directors

B.

Only the private banker

C.

The private banker’s supervisor

D.

At least one person other than the private banker

Question 80

Transfers of money over the last 6 months to a corporation in a jurisdiction with strict secrecy laws triggered an alert. Which of the following should cause the most suspicion of money laundering?

Options:

A.

The jurisdiction is a known tax haven.

B.

The company has bearer shares.

C.

The corporation director is a European citizen.

D.

No financial statements have been filed for 3 years.

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Total 772 questions