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AML Certification CAMS Dumps PDF

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Total 860 questions

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

Question 149

Aninternational bankis investigating a paymentrequested by one of its correspondent relationshipsthat generated analert in the automated transaction monitoring system.

Thepayment originated from a corporation located in Hong Kong, and thefinal beneficiary is an individual in New York.

Which steps should the bank takefirstto address the alert? (Select Three.)

Options:

A.

Call the receiving individual to review identity verification documents.

B.

Confirm that neither the beneficiary nor the originator are sanctioned parties.

C.

Request supporting documents, including invoices and contracts, to confirm the purpose of the payment.

D.

Check for negative news in public sources on the sender and receiver.

E.

Send a 314(b) request to the corporation’s bank in Hong Kong.

Question 150

Which of the following are common indicators of possible money laundering within the securities industry? (Select Two.)

Options:

A.

Receiving securities into an existing brokerage account following the death of a spouse

B.

Allowing fixed income securities to mature

C.

Using brokerage accounts like deposit accounts

D.

Engaging in transactions involving nominees or third parties

Question 151

How does the Financial Acton Task Force (FATF) communicate its findings regarding jurisdictions with

strategic anti-money laundering / Counter Financing of Terrorism deficiencies?

Options:

A.

By issuing documentation to the private sector

B.

By issuing two formal documents three times per year

C.

By issuing informal communication to FATF members

D.

By issuing four formal documents to the deficient jurisdictions

Question 152

What is a method of placement that can be used by a money launderer in a deposit taking institution?

Options:

A.

Depositing cash into the money launderer’s account

B.

Sending a large number of funds transfers between accounts

C.

Withdrawing large amounts of cash from the money launderer’s account

D.

Depositing cashier’s checks and money orders into the money launderer’s account

Page: 38 / 65
Total 860 questions