AML Certifications CAMS-FCI ACAMS Study Notes

use internal keywords and standard industry terms to better provide context within which the suspicious activity was identified.

consider the guidelines issued by the national financial intelligence unit {FIU) and local regulator and incorporate any country-specific requirements.

include attachments with the SARs/STRs as all information needs to be at the disposal of the financial intelligence unit (FIU)

adhere to home junsdiction guidelines across the whole group when local requirements of the country of operation and home jurisdiction conflict.

The transaction chain is likely connected to a known member of a terrorist organization.

A close family member of the chief compliance officer is the beneficiary of a cross-border transfer.

A trade entity engages in complex trade deals involving numerous third-party intermediaries in incongruent lines of business.

An individual involved in a large sum transaction is a foreign PEP.

Reviewing wire transfer screening processes to ensure that potential name hits are investigated promptly

Looking at copies of suspicious activity reports filed with regulators to ensure completeness

Ensuring that all clients with foreign identification are subject to enhanced due diligence

Examining Human Resources processes for conducting criminal background checks on executives

A small charge at a gas station followed by a large charge at an electronics store

A large deposit followed by multiple charges at a sporting goods store

Multiple small deposits followed by a wire transfer to a large well-known international charity

Multiple small deposits followed by the purchase of airplane tickets >