How To Pass Certified Anti-Money Laundering Specialist (CAMS) Exam Successfully?

How To Pass Certified Anti-Money Laundering Specialist (CAMS) Exam Successfully?

How To Pass Certified Anti-Money Laundering Specialist (CAMS) Exam Successfully? CAMS is recognized as the gold standard in AML certifications by institutions, governments and regulators worldwide. FreeTestShare CAMS Certification exam questions are up to date and feature actual test questions and answers, allowing you to pass your exam quickly.  We ensure that if you use the most accurate CAMS Certification practice exam, you will pass the Certified Anti-Money Laundering Specialist (CAMS) Exam exam on the first try!

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1. As a result of an audit, a policy exception was identified that had been approved by the compliance officer.

The auditor determined that the policy exception is a violation of a regulatory requirement.

What should the auditor do?

2. Which are red-flag indicators of possible money laundering through online gambling? (Choose two.)

3. 1.An organization uses an automated surveillance system that generates a very large volume of anti-money laundering alerts. The monthly volume of alerts has increased over the last year causing the compliance staff to fall significantly behind reviewing the alerts. As a result, the system settings are under review to determine if they are appropriate.

Which action should be included in the evaluation of system settings?

4. After a FATF mutual evaluation process, which are resulting actions for jurisdictions that are determined to have strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing? (Choose two.)

5. What does the Financial Action Task Force 40 Recommendations address on transparency of beneficial ownership?

6. A local law enforcement officer notifies the bank compliance officer that he is working on an insurance fraud scheme that appears to be running transactions using the account of a bank employee. The law enforcement officer refers to a kiting suspicious transaction report filed by the compliance officer and requests further information.

What action should the compliance officer take?

7. What core objective does the Egmont Group suggest would lead to an effective national Financial Intelligence Unit (FIU)?

8. Which statements regarding the USA PATRIOT ACT best describe key aspects that have extraterritorial reach? (Choose three.)

9. Which three measures are contained in Financial Action Task Force 40 Recommendations for reporting suspicious activity? (Choose three.)

10. 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?


 

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