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: | maja |
The main purpose of the US Treasury Department for OFAC's extraterritorial reach is to:
Which key factor would result in the decision for a financial institution (FI) to exit a client relationship?
An anti-money laundering specialist is employed by a large multi-national bank. The bank is planning to open an international department that will be responsible for expanding services to various countries. The head of the new international department has asked the specialist to assess risks associated with the bank's expansion plans. Which of the following materials should be included as a reference?
1. USA PATRIOT Act
2. Financial Action Task Force 40 Recommendations
3. Customer Due Diligence for Banks issued by the Basel Committee on Banking Supervision
4. The Egmont Group Statement of Purpose
Which situation would require enhanced due diligence be performed on a customer?