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Pearson CAMS New Attempt

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Total 772 questions

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

Question 41

According to the Financial Action Task Force (FATF) report on terrorism financing, charities and nonprofit organizations are often vulnerable to terrorist financing because they: (Select Two.)

Options:

A.

Have a global presence that provides a framework for national and international operations and financial transactions that are often in or near areas most exposed to terrorist activity.

B.

Are usually legitimate establishments and will not use the funds collected through donations for the profit of individuals or entities.

C.

Collect donations from various sources, and their primary objective is philanthropy and social well-being.

D.

Enjoy the public trust and have access to considerable sources of funds, and their activities are often cash-intensive.

Question 42

Which should be provided to the board of directors or designated specialized committee when preparing suspicious activity reports (SARs)?

Options:

A.

All possible details of SARs filed during the reported period

B.

Names of all customers subject to SARs filed during the reported period

C.

Statistical data regarding SARs filed during the reported period

D.

Copies of all SARs filed during the reported period

Question 43

Which should a financial institution implement in order to identify and investigate money laundering activity from their clients? (Select Two.)

Options:

A.

Adverse news screening

B.

Integrity policy

C.

Whistleblower hotline

D.

Code of conduct

E.

Transaction monitoring

Question 44

Whichred flag is most relevant to money laundering through capital markets?

Options:

A.

A low-priced security sees a sudden spike in investor demand with a rising price.

B.

A security sees a transactional pattern of a steady decrease in both trading volume and prices.

C.

A firm sees an unexpected increase in demand for electronically traded funds.

D.

A trading customer maintains a portfolio of securities concentrated in one specific emerging market.

Page: 11 / 58
Total 772 questions