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ACAMS Updated CAMS Exam Questions and Answers by wilbur

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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: wilbur
Question 72

A customer's registered business activity is a domestic carpet cleaning company. Besides domestic receipts, there are incoming weekly transactions from an international reputable

auction house starting at 15,000 USD and averaging 30,000 USD. The matching cash outgoings amount to 90% of the incoming deposits to non-related individuals. Which is most

concerning for potential money laundering?

Options:

A.

The customer is paying 90% of the incoming proceeds to non-related individuals in cash.

B.

The customer is a domestic carpet cleaning company.

C.

The customer's international incomings are from an international reputable antique auction house.

D.

The customer's initial international receipt has increased from 15,000 USD to an average of 30,000 USD per transaction per week.

Discussion
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Question 73

What are themost effective measuresthat can be taken toboost risk appetite awarenessacross an organizationafter a Risk Appetite Statement (RAS) has been setand arisk appetite frameworkhas been drafted? (Select Three.)

Options:

A.

Integrate the unalignment with risk appetite into internal reporting procedures.

B.

Train all managers to understand the importance and benefits of “good” risk-taking.

C.

Describe risk controls for business colleagues.

D.

Embed the risk appetite into everyday processes and governance.

E.

Provide training to staff to understand the role risk appetite and its limits play for the safe conduct of business.

Discussion
Question 74

What are the rules imposed by the Office of Foreign Assets Control (OFAC) for legal entities and persons related to the US? (Select Two.)

Options:

A.

A subsidiary of a legal entity of the US, which is formally registered in a foreign country, is exempt from OFAC rules.

B.

Nationals of the US must comply with OFAC rules, regardless of where they are located in the world.

C.

A foreign individual visiting the US for a short vacation is obligated to follow OFAC rules.

D.

Any foreign corporation is also penalized if it conducts transactions with sanctioned countries under OFAC rules.

E.

The head office of a foreign legal entity which has a branch in the US does not need to comply with OFAC rules.

Discussion
Question 75

Whichsuspicious activity may be the strongest indicator of money laundering through a casino?

Options:

A.

A privately held companyoriginates fund transfers through the casino into the betting accounts of multiple patrons.

B.

A patron routinelyplaces multiple bets on the same sporting events.

C.

A patronpurchases a large amount of chips at a blackjack table using cash.

D.

A patronrequests the casino to transfer their winnings to another gambling operator.

Discussion
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