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CAMS Leak Questions

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Total 772 questions

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

Question 101

A bank compliance officer has implemented enhanced monitoring rules that have identified some unusual

activity that may be indicative of human trafficking.

Which red flag should prompt additional transactional review?

Options:

A.

Wire transfer activity from countries with significant migrant populations

B.

Cash deposits that occur in cities where the customer resides and conducts business

C.

Cash deposits that occur in cities where the customer does not reside or conduct business

D.

Cash deposits that occur in cities where the customer does not reside or conduct business followed by same-day withdrawals

Question 102

In reviewing recent activity, a compliance officer for a money transmitter that several customers are each

remitting the same amount of money but much more frequently.

How should the institution respond?

Options:

A.

File a suspicious transaction report

B.

Instruct the tellers not to process remittances for these customers in the future

C.

Conduct further investigation to determine whether this is truly suspicious activity

D.

Immediately contact the customers and ask them why they are remitting money more often

Question 103

A compliance officer at an insurance company has been reviewing the transaction activity of several clients.

Which transaction is considered a red flag for potential money laundering?

Options:

A.

A client paid the quarterly life insurance premium using money orders from two different banks.

B.

A client from a high-risk jurisdiction recently purchased property insurance for a real-estate development.

C.

A corporation owns several affiliates and recently opened separate group life insurance policies for each of

the affiliates.

D.

A client established a $100,000 charitable annuity with a non-profit organization that provides health and

safety assistance internationally.

Question 104

Which of the following provides anti-money laundering specialists information related to money laundering trends?

1. Egmont Group's 100 Cases

2. Financial Action Task Force Typologies

3. FinCEN's SAR Activity Review

4. The Wolfsberg Principles

Options:

A.

1, 2, and 3 only

B.

1, 2, and 4 only

C.

1, 3, and 4 only

D.

2, 3, and 4 only

Page: 26 / 58
Total 772 questions