New ACAMS CAMS Exam Testking, New CAMS Exam Sample

P.S. Free & New CAMS dumps are available on Google Drive shared by Itbraindumps: https://drive.google.com/open?id=1pjXZP8mWCt4zKxWSRXees4q6GRLUNaox

Do you long to get the CAMS certification to improve your life? Are you worried about how to choose the learning product that is suitable for you? If your answer is yes, we are willing to tell you that you are a lucky dog, because you meet us, it is very easy for us to help you solve your problem. The CAMSlatest question from our company can help people get their CAMS certification in a short time.

The CAMS Exam is a comprehensive test that covers a wide range of topics related to AML, including federal and international AML laws and regulations, financial crimes, compliance programs, and risk assessments. CAMS exam consists of 120 multiple-choice questions that must be completed within four hours. Candidates must answer at least 75% of the questions correctly to pass the exam and earn the CAMS certification.

The CAMS Certification Exam is a comprehensive and challenging exam that requires extensive preparation and study. CAMS exam consists of 120 multiple-choice questions that must be completed within four hours. To be eligible to take the exam, candidates must have at least 40 hours of AML training or related work experience and must meet other eligibility requirements set by ACAMS.

>> New ACAMS CAMS Exam Testking <<

Quiz ACAMS - CAMS –Professional New Exam Testking

We even guarantee our customers that they will pass ACAMS CAMS Exam easily with our provided study material and if they failed to do it despite all their efforts they can claim a full refund of their money (terms and conditions apply). The third format is the desktop software format which can be accessed after installing the software on your Windows computer or laptop. The Certified Anti-Money Laundering Specialists has three formats so that the students don't face any serious problems and prepare themselves with fully focused minds.

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q199-Q204):

NEW QUESTION # 199
How should a financial institution respond to a verbal request from a law enforcement agency to keep an account open to assist in an investigation?

A. Request a search warrant from the local court
B. Agree to keep the account open
C. Request a subpoena to maintain the account
D. Request a letter on the agency's letterhead

Answer: D

Explanation:
According to the ACAMS study guide, one of the best practices for dealing with law enforcement inquiries is to verify the identity and authority of the law enforcement officer before providing any information (p. 224). This is to ensure that the inquiry is legitimate and not a phishing attempt or a breach of confidentiality. The compliance officer should also document the inquiry and the information provided, and consult with legal counsel if necessary. The other options are not appropriate, as they may either violate the law, compromise the investigation, or create unnecessary work.
Reference:
ACAMS. (2020). Study Guide for the Certification Examination for Anti-Money Laundering Specialists (6th ed.). Miami, FL: ACAMS.
What Is An AML Officer1
Bank Secrecy Act/Anti-Money Laundering: Requests by Law Enforcement for Financial Institutions to Maintain Accounts 2

NEW QUESTION # 200
A national Financial Intelligence Unit, which is responsible for receiving, analyzing and disseminating disclosure of financial information, should consider becoming a member of what organization?

A. The Egmont Group
B. The Wolfsberg Group
C. The Financial Action Task Force
D. The Basel Committee

Answer: A

NEW QUESTION # 201
What are some red flags pertaining to potentially suspicious transactions by a customer? Choose 3 answers

A. Have a common address with several other bank clients
B. Having multiple individuals use the ATM card connected with the account m different cities
C. Having a commercial account with cash deposits
D. Having multiple addresses and/or moving frequently

Answer: A,B,D

NEW QUESTION # 202
According to the Basel Committee principles, which actions would make a customer identification program at a bank more robust? (Select Two.)

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

Answer: A,D

Explanation:
A robust customer identification program is critical in preventing money laundering and financial crime.
Option B (Correct): Understanding the nature and purpose of a customer's business helps banks assess the legitimacy of financial activity and identify potential risks.
Option D (Correct): Understanding why a 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 verification is preferred.

NEW QUESTION # 203
Combating the Financing of Terrorism (CFT)]
What are two sources for maintaining up-to-date sanctions information? (Choose two.)

A. U.S. Federal Bureau of Investigation's National Security Letters
B. U.S. Department of the Treasury - Section 311 - Special Measures
C. U.S. Department of the Treasury Office of Foreign Assets Control
D. Financial Action Task Force's list of High Risk and Non-Cooperative Jurisdictions

Answer: C,D

Explanation:
The U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals. OFAC publishes lists of individuals and entities that are subject to various sanctions programs, such as the Specially Designated Nationals and Blocked Persons List (SDN List), the Sectoral Sanctions Identifications List (SSI List), and the Foreign Sanctions Evaders List (FSE List). These lists are updated frequently and can be accessed through OFAC's website or other sources12.
The Financial Action Task Force (FATF) is an inter-governmental body that sets standards and promotes effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. FATF publishes lists of jurisdictions that have strategic deficiencies in their anti-money laundering and counter- terrorist financing (AML/CTF) regimes, and calls on its members and other countries to apply enhanced due diligence or counter-measures to protect themselves from the risks emanating from these jurisdictions. These lists are updated periodically and can be accessed through FATF's website or other sources34.
:
1: CAMS Certification Package - 6th Edition | ACAMS, Chapter 3: Sanctions, p. 63-64 2: U.S. Department of theTreasury Office of Foreign Assets Control, https://home.treasury.gov/policy-issues/financial-sanctions 3:
CAMS Certification Package - 6th Edition | ACAMS, Chapter 4: FATF Recommendations, p. 77-78 4:
Financial Action Task Force, http://www.fatf-gafi.org/countries/#high-risk Reference:https://www.treasury.gov/resource-center/faqs/Sanctions/Pages/faq_lists.aspx#search

NEW QUESTION # 204
......

As a working person, the ACAMS CAMS practice exam will be a great help because you are left with little time to prepare for the ACAMS CAMS certification exam which you cannot waste to make time for the ACAMS CAMS Exam Questions. You can find yourself sitting in your dream office and enjoying the new opportunity.

New CAMS Exam Sample: https://www.itbraindumps.com/CAMS_exam.html

BONUS!!! Download part of Itbraindumps CAMS dumps for free: https://drive.google.com/open?id=1pjXZP8mWCt4zKxWSRXees4q6GRLUNaox

Emma Bennett Emma Bennett

سيرة شخصية

New ACAMS CAMS Exam Testking, New CAMS Exam Sample

Quiz ACAMS - CAMS –Professional New Exam Testking

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q199-Q204):

روابط سريعة

تواصل معنا

موثق لدى معروف

تسجيل الدخول