EXAM ACAMS CAMS INTRODUCTION, VALID DUMPS CAMS FREE

Exam ACAMS CAMS Introduction, Valid Dumps CAMS Free

Exam ACAMS CAMS Introduction, Valid Dumps CAMS Free

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The CAMS exam is administered by the Association of Certified Anti-Money Laundering Specialists (ACAMS), a professional organization dedicated to promoting the fight against financial crime. CAMS exam consists of multiple-choice questions covering four main areas: AML regulations and compliance, money laundering methods and techniques, conducting AML investigations, and managing AML risks. Candidates must achieve a passing score of 75% or higher to earn the CAMS Certification.

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ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q304-Q309):

NEW QUESTION # 304
An anti-money laundering officer is conducting employee reviews.
Which employee action warrants enhanced due diligence?

  • A. The bank chief executive officer lives in a lavish home and has requested the board to approve a membership payment at an exclusive country club.
  • B. The private banker has recently taken long vacations which caused staff members to fall behind in their work to help cover bank duties.
  • C. The teller reviews customer profiles and makes notations of personal information to reportedly become familiar with bank customers.
  • D. The branch manager reviews the daily hold report and releases holds on non-cash items once the bank receives credit from the paying bank.

Answer: D


NEW QUESTION # 305
A compliance officer is looking to modify procedures covering correspondent banking relationships. Which three would be recommended under the Wolfsburg Principles on Correspondent Banking? Choose 3 answers

  • A. Risk-based rating of central banks and regional development banks
  • B. Periodic risk-based reviews of cents
  • C. Prohibition on offering products or services to shell banks
  • D. Assessing the regulatory status and history of the client

Answer: B,C,D


NEW QUESTION # 306
What do Financial Action Task Force (FATF)-style regional bodies do for their members to help combat money laundering and terrorist financing?

  • A. They work with members on areas of concern outside of anti-money laundering and terrorist financing
  • B. They assist member countries in penalizing entities that violate FATF standards and recommendations
  • C. They provide technical assistance to members in implementing FATF recommendations
  • D. They supervise member country financial institutions relating to anti-money laundering and terroristfinancing

Answer: C

Explanation:
Financial Action Task Force (FATF)-style regional bodies (FSRBs) are organizations that associate countries from the same region or that face similar challenges to combat money laundering and terrorist financing.
FSRBs have the same objectives as the FATF, which are to set international standards and promote effective implementation of legal, regulatory and operational measures to prevent and combat money laundering and terrorist financing. One of the main functions of FSRBs is to provide technical assistance and training to their members in implementing the FATF recommendations, which are the global standards for anti-money laundering and counter-terrorist financing. FSRBs also conduct mutual evaluations of their members to assess their level of compliance with the FATF recommendations and provide follow-up reports and actions.
CAMS Study Guide, 6th Edition, Chapter 2, Section 2.11
Certification Candidate Handbook, Section 3.22
FATF website, About Us, FATF-StyleRegional Bodies3


NEW QUESTION # 307
A financial institution (FI) has decided to revamp its compliance program to be more risk-based. Which option should the FI use as part of the new risk-based compliance program?

  • A. Predictive-based
  • B. Transaction-based
  • C. Data-based
  • D. Leadership-based

Answer: B

Explanation:
Reference:
https://www.ifc.org/wps/wcm/connect/e7e10e94-3cd8-4f4c-b6f8-1e14ea9eff80/45464_IFC_AML_Report.pdf?M


NEW QUESTION # 308
Which regulation permits financial institutions, upon providing notice to the US Department of the Treasury, to share information with one another in order to identify and report activities that may involve money laundering or terrorist activity to the federal government?

  • A. USA Patriot Act Section 314(a)
  • B. Collaborative Sharing of Money Laundering/Terrorism Financing (ML/TF) Information & Cases (COSMIC)
  • C. Regulation (EU) 2024/1624 of the European Parliament
  • D. USA Patriot Act Section 314(b)

Answer: D

Explanation:
USA PATRIOT Act Section 314(b)allows financial institutions tovoluntarily share information with one another, after notifying the U.S. Treasury, toidentify and report possible money laundering or terrorist financing activities.
Key elements include:
* Voluntary participation
* Prior notice to FinCEN (part of the U.S. Treasury)
* Protection from liability when acting in good faith
* Enhanced collaborative detection across institutions
Section 314(a)refers toinformation sharing between law enforcement and financial institutions, not peer- to-peer sharing.
COSMICis an initiative in certain jurisdictions like Singapore, not U.S. regulation.
Regulation (EU) 2024/1624is part of the EU AML framework, not relevant to U.S. institutions.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter:U.S. Regulatory Framework- Section:
USA PATRIOT Act - Information Sharing under Section 314(b)


NEW QUESTION # 309
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