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AML Certification CAMS Release Date

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Total 772 questions

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

Question 89

Which method is used to launder money in casinos?

Options:

A.

Purchase chips with cash and play at a table

B.

Purchase chips with cash and redeem for cash

C.

Purchase chips with cash and redeem for a check

D.

Purchase chips with cash and sell to another person for cash

Question 90

What are two risks to institutions for violating anti-money laundering laws as demonstrated by the 2012 HSBC

settlement with United States authorities? (Choose two.)

Options:

A.

Forfeiture of assets

B.

Civil money penalties

C.

Loss of bank charter/license

D.

Imprisonment of bank employees

Question 91

What is an example of the integration stage of money laundering involving a bank or another deposit-taking institution?

Options:

A.

Depositing illicit funds into an account set up for a front company

B.

Directing third parties to exchange illicit cash for negotiable instruments

C.

Wiring illicit funds from an account at one bank to an account at another bank

D.

Using illicit funds that had previously been deposited to purchase a luxury vehicle

Question 92

What are two sources for maintaining up-to-date sanctions information? (Choose two.)

Options:

A.

U.S. Federal Bureau of Investigation’s National Security Letters

B.

U.S. Department of the Treasury Office of Foreign Assets Control

C.

U.S. Department of the Treasury – Section 311 – Special Measures

D.

Financial Action Task Force’s list of High Risk and Non-Cooperative Jurisdictions

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Total 772 questions