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ACAMS Updated CAMS-FCI Exam Questions and Answers by zack

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ACAMS CAMS-FCI Exam Overview :

Exam Name: Advanced CAMS-Financial Crimes Investigations
Exam Code: CAMS-FCI Dumps
Vendor: ACAMS Certification: AML Certifications
Questions: 101 Q&A's Shared By: zack
Question 12

An analyst reviews an alert for high volume Automated Clearing House (ACH) activity in an account. The analyst's initial research finds the account is for a commercial daycare account that receives high volumes of large government-funded ACH transactions to support the programs. The account activity consists of checks (cheques) made payable to individual names in varying dollar amounts. One check indicates rent to another business.

An Internet search finds that the daycare company owner has previous government-issued violations for safety and classroom size needs, such as not having enough chairs and tables per enrollee. These violations were issued to a different daycare name.

Simultaneous to this investigation, another analyst sends an email about negative news articles referencing local child/adult daycare companies misusing governmental grants. This prompts the financial institution (Fl) to search all businesses for names containing 'daycare' or •care'. Text searches return a number of facilities as customers at the Fl and detects that three of these businesses have a similar transaction flow of high volume government ACH funding with little to no daycare expenses.

Which red flags would be an indicator that activity is connected to a corruption/bribery typology? (Select Two.)

Options:

A.

Large checks issued to various individuals with the memos noting "gift", "thank you", "favor"

B.

Negative news found on the customer related to government-issued violations for safety

C.

Checks issued to an unrelated entity referencing "rent" and "utilities" in the memos

D.

Multiple daycare locations with no active business operations or related account activity

E.

The same beneficial owner owning several daycare centers in different locations

Discussion
Question 13

Law enforcement (LE) suspects human trafficking to occur during a major sporting event. LE officers asked several financial institutions (FIs) to monitor financial transactions occurring before, during, and after the event.

An investigator identified a pattern linked to a business. The business' account received multiple even dollar deposits between midnight and 4:00 AM. They occurred each day for several days prior to the date of the sporting event. Also, large cash deposits, typically between 2,000 USD and 3,000 USD. made by a person to the business' account occurred in many branches in the days after the sports event.

There was little information about the company. The company did not have any history of employee payroll expenses or paying taxes. Expenses from the business account included air travel and hotel expenses. Searches about the person making cash deposits showed little. An online social media platform webpage with the individual's name showed ads for dates" and "companionship."

The Fl receives a keep open' letter from LE for the identified account and agrees to keep the account open. What is the Fl required to do?

Options:

A.

Contact the client for information relating to the account.

B.

Stop filing SAR/STR reports on the account and/or customer.

C.

Ensure that the request includes an end date.

D.

Notify LE immediately after new transactions.

Discussion
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Question 14

During a review, an analyst notices discrepancies between a customer's nature of business listed on the business registry and what was stated on the customers application. The analyst should:

Options:

A.

clarify discrepancies noted in the customer's declared profile given the downstream impact on the risk assessment.

B.

close the review as there is no adverse news in the public domain.

C.

review all documents for whether certified true copies are submitted.

D.

accept discrepancies in the information given the onboarding team did not flag any issue.

Discussion
Question 15

A financial institution (Fl) receives an urgent request for information from the financial intelligence unit (Fl country. According to FATF recommendations, which is the best action for the FI to take?

Options:

A.

Request an official court subpoena with details of the investigation.

B.

Provide as much information as possible to the FIU immediately.

C.

Establish a committee from different areas of the Fl to determine if the request should be answered.

D.

Inform the public relations department to prepare for negative news.

E.

ling the financing of terrorism that could imply an imminenl threat in the

Discussion
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