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ACAMS Updated CAMS Exam Questions and Answers by aniyah

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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: aniyah
Question 88

Which are essential elements of a KYC program identified by the Basel Committee on Banking Supervision? (Select Two.)

Options:

A.

Internal control

B.

Customer acceptance policy

C.

Code of conduct

D.

Risk management

E.

Risk appetite

Discussion
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Question 89

A financial institution's monitoring system triggers an alert and an internal investigation has confirmed the activity as suspicious. Which of the following should an anti-money laundering specialist do before submitting the suspicious transaction report?

Options:

A.

Secure documents related to the suspicious circumstances and the decision to report.

B.

Check with other financial institutions in accordance with the relevant law.

C.

Add information related to the suspicious activity to the customer's account-opening file.

D.

Contact the customer for further information without disclosing the suspicion.

Discussion
Question 90

Which is an example of structuring with regards to money laundering?

Options:

A.

A person uses the hawala system to transfer 10,000 USD from Australia to a family member in China.

B.

A person deposits 100,000 USD in cash at a bank.

C.

A person deposits substantial sums of currency into a number of local branches by making several cash transactions of less than 10,000 USD.

D.

A person deposits a large amount of more than 100,000 USD in cash and transfers it to another person's account.

Discussion
Question 91

AML training programs should extend beyond basic concepts to deliver targeted training by:

Options:

A.

offering internal policies training, such as customer identification and verification procedures and policies.

B.

offering general background and history training pertaining to money laundering controls.

C.

offering periodic refresher training on AML bases (usually annually) for existing employees.

D.

offering appropriate training tailored to the individual's specific roles, such as alerts for investigators and suspicious activity report writers.

Discussion
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