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Last Attempt CAMS Questions

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Total 772 questions

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

Question 169

A law enforcement agency is reviewing a suspicious transaction report (STR) filed by a financial institution for suspicious activity on a client's account.

Subsequently, the agency requests further information.

Which supporting documentation might the law enforcement agency request from the institution to facilitate its investigation?

Options:

A.

Previously filed STRs on the same customer

B.

Account opening documents and account statements

C.

Copies of promotional materials sent to the customer

D.

A copy of the institution's STR policy and procedures

Question 170

What kind of person should perform the independent testing of an institution’s anti-money laundering program?

Options:

A.

A certified specialist in the anti-money laundering field

B.

A former anti-money laundering officer from a similar institution

C.

A person who reports directly to the Board of Directors or a Board Committee

D.

A retired government regulator or federal law enforcement officer

Question 171

Which factor should a financial institution (FI) consider prior to sharing customer records within the same jurisdiction?

Options:

A.

The availability of the institution's information sharing practices

B.

The degree to which the collected client data is complete

C.

The locally applicable restrictions regarding the disclosure of client information

D.

The potential different time zones within the same jurisdiction

Question 172

Which action should financial institutions with cross border correspondent banking activity be required to perform according to the Financial Action Task Force 40 Recommendations?

Options:

A.

Gather a list of their politically exposed customers

B.

Identify natural persons who own or control more than 5%

C.

Obtain senior management approval before establishing the relationship

D.

Obtain a third party independent review of the respondent’s anti-money laundering program

Page: 43 / 58
Total 772 questions