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ACAMS Updated CAMS Exam Questions and Answers by ilyas

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ACAMS CAMS Exam Overview :

Exam Name: Certified Anti-Money Laundering Specialist (the 6th edition)
Exam Code: CAMS Dumps
Vendor: ACAMS Certification: AML Certification
Questions: 772 Q&A's Shared By: ilyas
Question 152

Private investment companies are potentially vulnerable to money laundering because:

Options:

A.

It can be difficult to identify the people who are the ultimate beneficial owners.

B.

they transact shares that are not traded on a stock exchange.

C.

they exist in offshore jurisdictions with tight secrecy laws to protect the privacy of their owner(s).

D.

they are shell companies formed to maintain a client's confidentiality.

Discussion
Question 153

Which actions are involved when a prosecutor instructs a bank to freeze the assets and bank accounts held by one of its clients? (Choose three.)

Options:

A.

Inform other banks in the same geographical area to freeze the client's assets if they are a member of that bank, too.

B.

Extend the account and asset freeze to the client's family members as a precautionary measure.

C.

Ensure the client and beneficiaries are unable to access any frozen assets during the freeze order.

D.

The institution does not need to comply with the request if the client's assets make the task unusually difficult or complex to access.

E.

An affidavit must accompany the freeze order for the bank to comply with the request.

F.

The institution should obtain a copy of the court order to freeze the assets of the named individuals.

Discussion
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Question 154

Release of the EU's Fourth AML Directive resulted in what change to member state*s procedures? (Select Two.)

Options:

A.

The threshold for reporting suspicious transactions decreased from 15,000 EUR to 10,000 EUR.

B.

All financial institutions were required to identify and verify the beneficial owner of legal entities.

C.

Money laundering and terrorist financing were defined as separate crimes, expanding the directive's measures.

D.

The scope of obliged entities was enlarged from casinos to all providers of gambling services.

E.

Knowledge of criminal conduct could be inferred from objective factual circumstances.

Discussion
Question 155

Which regulation regarding data privacy has to be considered while carrying out a financial crime investigation?

Options:

A.

General Data Protection Regulation

B.

European Enforcement Order

C.

Securities Financing Transactions Regulation

D.

Rome II Regulation

Discussion
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