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ACAMS Updated CAMS Exam Questions and Answers by lucca

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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: 645 Q&A's Shared By: lucca
Question 36

Which is a key aspect of the first EU Directive on Money Laundering?

Options:

A.

IT expanded the definition of criminal activity to all serious crimes.

B.

It defined money laundering as a separate crime.

C.

It established drug trafficking as a predicate offense of money laundering.

D.

It extended the scope beyond drug-related crimes.

Discussion
Question 37

Which is a key characteristic of the Financial Action Task Force (FATF) Regional Style Bodies for combatting money laundering/terrorist financing?

Options:

A.

Instructing each member country to place FATF recommendations into law

B.

Implementing regional mutual evaluation procedures

C.

Emphasizing regional co-operation between member countries

D.

Enabling FATF standards to be specific to each region

Discussion
Question 38

A customer puts high-denomination cash notes into a poker machine at a casino. Without placing any bets, the customer collected winnings in the form of a check from the casino.

Which money laundering threats could result from the customer's activities?

Options:

A.

Micro-structuring cash

B.

Legitimizing illicit funds

C.

Misuse of money service business

D.

Obscured beneficial ownership

Discussion
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Question 39

The Chief Compliance Officer (CCO) of a financial institution has been asked by a manufacturing customer reliant upon imported raw materials if there will be repercussions to his business following the weak assessment of the recent publicly issued Financial Action Task Force (FATF) Mutual Evaluation Report (MER). How should the CCO respond?

Options:

A.

Delayed processing of cross-border transfer of funds between countries may occur due to increased scrutiny to determine the legitimacy of each transfer.

B.

Citing inaccurate content of the MER. the president of the country has called upon the FATF to publicly withdraw the MER and commission an independent review of findings.

C.

Mandate termination of all cross-border trading until evidence can be provided to show an improved position of compliance for the weaknesses stated in the MER.

D.

Negative consequences will not occur because the manufacturing customer has been trading with reputable countries and suppliers for many years without incident.

Discussion
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