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Here are sample Acams Certified Anti-Money Laundering Specialist v6 (CAMS) Exam questions from real exam. You can get more Acams CAMS (CAMS) Exam premium practice questions at TestInsights.

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Question 1

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

AThe player is identified as a Politically Exposed Person (PEP).

BThe player opens several accounts under the same name using different IP addresses.

CThe customer uses their credit card to fund an online gambling account.

DThe player deposits small amounts of funds into their online gambling account.

EThe customer logs on to the account from multiple countries.

Correct : D, E

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AThe player is identified as a Politically Exposed Person (PEP).

BThe player opens several accounts under the same name using different IP addresses.

CThe customer uses their credit card to fund an online gambling account.

DThe player deposits small amounts of funds into their online gambling account.

EThe customer logs on to the account from multiple countries.

0 / 1500

Question 2

Which is the main objective when a financial institution (FI) conducts an investigation?

AKeep policies and procedures updated

BKeep all the documentation

CKnow the customer

DTrack the movement of the money

Correct : A

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AKeep policies and procedures updated

BKeep all the documentation

CKnow the customer

DTrack the movement of the money

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Question 3

Which is a FATF characteristic used to assess a country's effectiveness of its AML regime?

AFunds supporting and proceeding from crime or terrorism are prevented from entering the financial sector.

BLegal persons are prevented from misuse for money laundering or terrorist financing.

CSupervisors appropriately supervise, monitor, and regulate financial institutions (Fls).

DFIs adequately apply preventive measures.

Correct : A

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AFunds supporting and proceeding from crime or terrorism are prevented from entering the financial sector.

BLegal persons are prevented from misuse for money laundering or terrorist financing.

CSupervisors appropriately supervise, monitor, and regulate financial institutions (Fls).

DFIs adequately apply preventive measures.

0 / 1500

Question 4

According to the Basel Committee on Banking Supervision standards, which statements best describe sound practices in relation to customer due diligence (CDD) policies and procedures? (Choose three.)

ABanks should identify its customers based on a general-rules based assessment without considering the expected size and use of the account.

BBanks should never allow for verification to be completed after the establishment of the business relationship since it would not be essential for the normal conduct of business.

CBanks should take into consideration the occasional banking transaction or the size/level of assets to build an understanding of the customer's profile and behavior.

DBanks should develop and implement clear acceptance policies and procedures to identify the types of customer that are likely to pose a higher risk of financing terrorism or money laundering.

EBanks should implement enhanced due diligence measures for entering business relationships with high-risk customers, such as approval by senior management.

FBanks should use CDD procedures based in another bank's standards when subject to the same criteria for handling funds of a shared customer.

Correct : A, C, E

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ABanks should identify its customers based on a general-rules based assessment without considering the expected size and use of the account.

BBanks should never allow for verification to be completed after the establishment of the business relationship since it would not be essential for the normal conduct of business.

CBanks should take into consideration the occasional banking transaction or the size/level of assets to build an understanding of the customer's profile and behavior.

DBanks should develop and implement clear acceptance policies and procedures to identify the types of customer that are likely to pose a higher risk of financing terrorism or money laundering.

EBanks should implement enhanced due diligence measures for entering business relationships with high-risk customers, such as approval by senior management.

FBanks should use CDD procedures based in another bank's standards when subject to the same criteria for handling funds of a shared customer.

0 / 1500

Question 5

The bank's Compliance Officer is tasked with designing standards based on Basel's KYC principles. Which essential elements should be included in the program? (Choose two.)

AAppointing an independent audit function

BConducting a money laundering risk assessment

CDocumenting a customer acceptance policy

DEstablishing on-going monitoring of high-risk accounts

EReporting suspicious activity

Correct : C, E

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AAppointing an independent audit function

BConducting a money laundering risk assessment

CDocumenting a customer acceptance policy

DEstablishing on-going monitoring of high-risk accounts

EReporting suspicious activity

0 / 1500

Page: 1 / 130
Total 647 questions

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