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Total 860 questions

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

Question 57

The board of directors receives notice from the primary regulator of the bank that potentially suspicious activity has been identified and the bank president appears to be involved. The Board asks the compliance officer for advice.

Which action should the compliance officer take when informed?

Options:

A.

Destroy all records relating to the matter

B.

Insist on the president’s immediate resignation

C.

Inform the bank’s legal counsel and follow their instructions

D.

Inform the president of the regulator’s suspicions and ask for his advice

Question 58

Which unusual or suspicious activity by a financial institution's (FI's) employee requires additional investigation and scrutiny?

Options:

A.

The employee avoids taking periodic vacations despite having accrued vacation time.

B.

The employee assists with transactions of a disclosed ultimate beneficiary.

C.

The employee lives a lavish lifestyle within their means.

D.

The employee is involved in a minimal number of unresolved exceptions.

Question 59

When implementing a risk-based approach related to casinos, which risks are related to the customer as an individual? (Choose two.)

Options:

A.

Transfer between customers

B.

Casual customers

C.

Improper use of third parties as customers

D.

Customer from a high-risk country

E.

Use of casino deposit accounts by the customer

Question 60

The Egmont Group is a world wide organization of

Options:

A.

banking regulators.

B.

financial intelligence units.

C.

law enforcement authorities.

D.

central banks.

Page: 15 / 65
Total 860 questions