Special Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: get65

ACAMS Updated CAMS Exam Questions and Answers by gurbaaz

Page: 24 / 48

ACAMS CAMS Exam Overview :

Exam Name: Certified Anti-Money Laundering Specialist (the 6th edition)
Exam Code: CAMS Dumps
Vendor: ACAMS Certification: AML Certification
Questions: 763 Q&A's Shared By: gurbaaz
Question 96

What is the primary action a financial institution should take before formulating its anti-money laundering program?

Options:

A.

It should perform a comprehensive risk analysis

B.

It should determine how extensive and well-trained the compliance staff is

C.

It should consult with its correspondent banks to determine the nature and extent of their AML programs

D.

It should ensure that its training modules for all employees cover all relevant AML issues

Discussion
Question 97

A bank provides trade financing for a company whose primary export is steel.

Which action by the company indicates possible money laundering?

Options:

A.

The company often deals with foreign currency exchanges.

B.

The company regularly understates the value of goods exported.

C.

The company frequently sells above or below its competitors’ price.

D.

The company frequently transfers funds to other bank accounts located in other jurisdictions.

Discussion
Question 98

A startup virtual currency exchange has registered as a money services business and will commence operations in six months. The company will provide digital wallets to customers to hold their virtual currency after purchase. Customers will have the option to conduct purchases of the virtual currency and transfer the currency to and from the digital wallet. The startup must develop an anti-money laundering compliance program prior to launch.

Which two anti-money laundering responsibilities should be considered before business launch? (Choose two.)

Options:

A.

A customer onboarding process

B.

Transaction limits consistent with risk appetite

C.

Employees to handle complaints in a timely fashion

D.

Mechanisms to monitor and protect customers’ digital wallets from cyber-attacks

Discussion
Question 99

Which information must a United States financial institution retain for having foreign correspondent accounts as part of the USA PATRIOT Act record keeping requirements?

Options:

A.

Records identifying the owners of each foreign bank

B.

Section 314(b) information sharing results related to foreign correspondent accounts

C.

Purchase of monetary instruments of $3,000 or more involving foreign correspondent accounts

D.

A suspicious activity report filed and the supporting documentation involving foreign correspondent accounts

Discussion
Alaia
These Dumps are amazing! I used them to study for my recent exam and I passed with flying colors. The information in the dumps is so valid and up-to-date. Thanks a lot!!!
Zofia Sep 9, 2024
That's great to hear! I've been struggling to find good study material for my exam. I will ty it for sure.
Neve
Will I be able to achieve success after using these dumps?
Rohan Oct 24, 2024
Absolutely. It's a great way to increase your chances of success.
Ace
No problem! I highly recommend Cramkey Dumps to anyone looking to pass their certification exams. They will help you feel confident and prepared on exam day. Good luck!
Harris Oct 31, 2024
That sounds amazing. I'll definitely check them out. Thanks for the recommendation!
Peyton
Hey guys. Guess what? I passed my exam. Thanks a lot Cramkey, your provided information was relevant and reliable.
Coby Sep 6, 2024
Thanks for sharing your experience. I think I'll give Cramkey a try for my next exam.
Ayesha
They are study materials that are designed to help students prepare for exams and certification tests. They are basically a collection of questions and answers that are likely to appear on the test.
Ayden Oct 16, 2024
That sounds interesting. Why are they useful? Planning this week, hopefully help me. Can you give me PDF if you have ?
Page: 24 / 48
Title
Questions
Posted

CAMS
PDF

$139.65  $399

CAMS Testing Engine

$157.15  $449

CAMS PDF + Testing Engine

$209.65  $599