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ACAMS Updated CAMS Exam Questions and Answers by malik

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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: malik
Question 92

TheFinancial Action Task Force (FATF)routinely publishes a catalog of jurisdictions requiringenhanced monitoring, which is commonly called the:

Options:

A.

Yellow notice.

B.

Red notice.

C.

Grey list.

D.

White list.

Discussion
Question 93

According to the USA PATRIOT Act, under which condition would US financial institutions (Fls) maintain correspondent accounts for foreign shell banks?

Options:

A.

US Fls cannot maintain correspondent bank accounts for foreign shell banks.

B.

US Fls can open correspondent bank accounts for foreign shell banks but only in certain countries.

C.

US Fls must undertake a rigorous, risk-based approval process to open correspondent bank accounts for foreign shell banks.

D.

US Fls must be certified by the Financial Action Task Force to maintain correspondent accounts for foreign shell banks.

Discussion
Question 94

A legal instrument that isexecuted between two nationsand governscross-border information sharingis known as a:

Options:

A.

Memorandum of agreement.

B.

Declaration of understanding.

C.

Memorandum of understanding.

D.

Mutual legal assistance treaty.

Discussion
Question 95

Whichpractices should financial institutions (FIs) adoptfor the process ofterminating customer relationships? (Select Three.)

Options:

A.

Utilizing a flexible communication style that adapts to different customer situations during the termination process.

B.

Implementing a standardized procedure for customer termination that includes risk assessments and necessary documentation.

C.

Performing a final review of a customer's transaction history and records to address any unresolved issues prior to termination.

D.

Keeping records of the termination process, including the justification for the decision and any correspondence with the customer.

E.

Notifying the customer of the termination decision only after completing the termination process to prevent possible disputes.

Discussion
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