NEW CAMS TEST SAMPLE & NEW STUDY CAMS QUESTIONS

New CAMS Test Sample & New Study CAMS Questions

New CAMS Test Sample & New Study CAMS Questions

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The CAMS exam covers a wide range of topics related to AML, including risk assessment, customer due diligence, transaction monitoring, and reporting. CAMS exam is divided into six sections, each of which focuses on a different area of AML. The sections include: (1) Risk Assessment; (2) Customer Due Diligence; (3) Customer Risk Profiling; (4) Transactions and Monitoring; (5) AML Compliance Programs; and (6) Conducting and Responding to Investigations. CAMS exam is computer-based and consists of 120 multiple-choice questions, which must be completed within a four-hour time limit.

ACAMS CAMS Exam is a challenging and prestigious certification that is highly valued in the field of AML compliance. It is administered by the Association of Certified Anti-Money Laundering Specialists (ACAMS) and is recognized as the gold standard in AML certification. Passing the exam requires a significant amount of knowledge, experience, and dedication, but it can lead to new career opportunities and professional advancement.

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New Study CAMS Questions, Reliable CAMS Exam Questions

We are constantly updating our ACAMS CAMS practice material to ensure that students receive the latest CAMS questions based on the actual Certified Anti-Money Laundering Specialists exam content. Moreover, we also offer up to 1 year of free updates and free demos. TorrentValid also offers a money-back guarantee (terms and conditions apply) for applicants who fail to pass the CAMS test on the first try.

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q182-Q187):

NEW QUESTION # 182
Combating the Financing of Terrorism (CFT)]
According to the Basel Committee principles, which actions would make a customer identification program at a bank more robust? (Select Two.)

  • A. Understanding why a customer has selected a particular financial institution for banking.
  • B. Limiting the online activities of a new customer during the first two months.
  • C. Verifying the identity of a customer with reputable online source documentation.
  • D. Understanding the nature and purpose behind a new business opening an account at the bank.

Answer: A,D

Explanation:
Arobust customer identification programis critical in preventing money laundering and financial crime.
* Option B (Correct):Understanding the nature and purpose of a customer's business helps banks assess thelegitimacyof financial activity and identify potential risks.
* Option D (Correct):Understandingwhya customer selects a particular bank provides insights into possible risk factors, such as jurisdictional concerns or access to certain financial instruments.
* Option A (Incorrect):Limiting online activities is not a standard CDD (Customer Due Diligence) measure. Risk-based controls are applied but do not involve blanket restrictions.
* Option C (Incorrect):While online verification is useful,in-person or government-sourced verificationis preferred.
Reference:Basel Committee on Banking Supervision'sGuidelines on Customer Due Diligence (CDD) for Banks.


NEW QUESTION # 183
A well-developed anti-money laundering compliance program is unlikely to achieve institutional goals without

  • A. Verification of account owners.
  • B. Training appropriate employees.
  • C. Endorsement by a competent authority.
  • D. Screening all staff.

Answer: B

Explanation:
According to the ACAMS CAMS Certification Study Guide, 6th Edition, one of the four pillars of an effective anti-money laundering compliance program is the training of appropriate employees on their responsibilities and the institution's policies and procedures. Training is essential to ensure that employees are aware of the risks of money laundering and terrorist financing, the applicable laws and regulations, the red flags and indicators of suspicious activity, and the reporting and record-keeping requirements. Without proper training, employees may not be able to perform their duties effectively and efficiently, and may expose the institution to legal, regulatory, reputational, and operational risks.
ACAMS CAMS Certification Study Guide, 6th Edition, Chapter 2, Section 2.1.4, page 39.
ACAMS CAMS Certification Video Training Course, Module 2, Lesson 2.1.4.


NEW QUESTION # 184
Which customer transaction with a securities dealer would indicate the highest suspicion of money laundering?

  • A. Frequent trades in unlisted securities throughout the day on a regular basis
  • B. A high level of account activity with very low levels of securities transactions
  • C. Investment in securities with a significantly lower risk than the customer's expressed risk tolerance
  • D. Recurring transfers of money into a brokerage account subsequently invested in short-term securities

Answer: B


NEW QUESTION # 185
A compliance officer at a small local bank reads in the newspaper that a high ranking local public official, who is a long-standing account holder, is being investigated by the competent authorities for accepting bribes from a well-known construction company with offices in the town. The compliance officer immediately checks the official's account and other recently opened accounts at the bank. The official opened a new account at the bank a few weeks ago. The compliance officer's investigation of these accounts discloses that the official's longstanding account had no unusual activity and the recently opened account had no activity since it was opened. Which of the following should the compliance officer do next?

  • A. Call the official's office to confirm the need for multiple accounts.
  • B. Meet with staff who opened the account to understand its nature and purpose.
  • C. Wait until the new account receives funds and confirm their source.
  • D. Call the competent authorities to assess the need to file a suspicious transaction report.

Answer: B

Explanation:
According to the ACAMS CAMS Study Guide (the 6th edition), one of the key steps in conducting an effective investigation of a potential money laundering or terrorist financing activity is to gather all relevant information about the customer and the transaction, including the nature and purpose of the account, the source and destination of funds, the expected account activity, and the customer's risk profile1. In this case, the compliance officer should meet with the staff who opened the new account for the public official to obtain this information and assess whether the account is consistent with the customer's profile and needs, or whether it indicates a possible attempt to conceal or launder illicit funds. Waiting for the new account to receive funds, calling the competent authorities, or calling the official's office are not appropriate actions at this stage, as they may compromise the investigation, alert the customer, or violate confidentiality rules1.
Reference:
ACAMS CAMS Study Guide (the 6th edition), Chapter 4: Conducting or Supporting the Investigation Process, page 1311


NEW QUESTION # 186
A customer brings $15,000 worth of chips into a casino and plays various games. The customer redeems all the remaining chips and requests a wire transfer of the proceeds to an unrelated third party.
What are two red flags that indicate money laundering? (Choose two.)

  • A. Bringing $15,000 worth of chips into the casino
  • B. Playing various games before cashing out
  • C. Requesting a wire transfer to an unrelated third party
  • D. Customer redeeming all remaining chips

Answer: A,C

Explanation:
Bringing $15,000 worth of chips into the casino is a red flag because it could indicate that the customer is trying to avoid the currency transaction reporting (CTR) requirement for cash transactions over
$10,0001. Requesting a wire transfer to an unrelated third party is another red flag because it couldindicate that the customer is trying to conceal the source or destination of the funds, or transfer them to a high-risk jurisdiction2.
1: ACAMS CAMS Certification Video Training Course, Module 3: Casinos and Gaming, Section 3.1:
Regulatory Requirements, Slide 8 2: ACAMS CAMS Certification Video Training Course, Module 3:
Casinos and Gaming, Section 3.2: Money Laundering Methods and Red Flags, Slide 11


NEW QUESTION # 187
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Taking the Certified Anti-Money Laundering Specialists CAMS test and beginning Certified Anti-Money Laundering Specialists CAMS exam preparation with the suggested CAMS exam preparation materials is the best and quickest course of action. You can rely on ACAMS CAMS Exam Questio Certified Anti-Money Laundering Specialists CAMS for thorough CAMS exam preparation.

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