Acams Dumps

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Acams CAMS - Certified Anti-Money Laundering
Specialists
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What is Acams
ACAMS is the largest international membership
organization dedicated to enhancing the knowledge
and expertise of AML/CTF and financial crime
detection and prevention professionals, from a
wide range of industries, in both the public and
private sectors. ACAMS serves it members with
extensive resources designed to develop and
sharpen the skills required for superior job
performance, and career advancement including
certifications, moneylaundering.com (the
industrys leading online news and information
resource), ACAMS Today (the premier AML magazine)
international conferences, full day seminars, web
seminars, customized training, risk assessment
software and peer networking opportunities. The
CAMS certification is the most widely recognized
AML certification among compliance professionals
worldwide. Candidates who pass the rigorous CAMS
examination distinguish themselves as experts
fully qualified for the demanding anti-money
laundering duties in business and government.
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Certifications
Anti-Money Laundering Specialist Certification

• Earn 32 more than non-certified colleagues,
  according to the 2013 ACAMS AML/CFT/FCP
  Compensation Survey
• Increase their professional value through better
  understanding of financial crime detection and
  prevention techniques
• Protect their institution from money laundering
  threats and minimize financial crime risks
• Meet mandated AML training requirements through
  preparation and study
• Prove their AML expertise to examiners and
  regulators

Cams Certification Benefits
The Certified Anti-Money Laundering Specialist
(CAMS) credential is the gold standard in AML
certifications and recognized internationally by
financial institutions, governments and
regulators.
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We have CAMS dumps and past paper questions
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Anti-Money Laundering Specialists exam we have
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Question No 1
Which of the following best describes the Black
Market Peso Exchange money laundering method? A.
The best known money laundering method used by
known terrorists B. An undercover technique to
identify politically exposed persons who may
assist money launderers C. A method primarily
used by narcotics traffickers to transfer value
back to the source country D. A method used to
smuggle dollars or pesos across the border from
the United States to Mexico, and vice
versa Answer C
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Question No 2
How can a financial institution verify the nature
and purpose of a business and its legitimacy?
Choose 3 answers A. By reviewing a copy of the
corporations latest audited reports and
accounts B. By undertaking a company search or
other commercial inquires to see that the
institution has not been, or is not in the
process of being dissolved of terminated C. By
reviewing the companys website D. By using an
independent information verification process,
such as by accessing public and private
databases Answer A, B, D
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Question No 3
An anti-money laundering specialist has been
asked to create internal anti-money laundering
policies, procedures and controls for a recently
chartered offshore financial institution. Which
of the following should be included? A. A
training program for senior management and
staff. B. An anti-money laundering compliance
program, internal audit program, and
procedure manual. C. Basel Committee on Banking
Supervision's capital adequacy requirements for
the host country. D. Compliance requirements of
host and chartering countries. Answer A, B, D
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Question No 4
Because financial institutions must sort through
thousands of transactions each day, which
risk-based factors should an institutions system
for monitoring and reporting suspicious activity
focus on? A. The institutions size, nature of
business and type and location of its
customers B. Whether a bank accepts cash deposits
at its ATMs C. Drawing on uncollected funds and
depositing of third-party instruments D. Local
regulators guidelines, economies of scales and
budgetary provisions Answer C
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Question No 5
Why can terrorist financing be very difficult to
identify? A. The funds needed to conduct a
terrorist act can be relatively small B. It is
hard to get a name added to the OFAC list of
terrorists C. Because of the various methods used
to launder funds for terrorist financing D.
Terrorism is not a crime in all
countries Answer C
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Question No 6
Which three are best practices for embedding
compliance into an institutions culture? Choose
3 answers. A. Having the Compliance Officer
review and approve the institutions AML
policy B. Requiring senior management oversee and
implement the institutions AML policy C.
Requiring periodic and on-going training on AML
issues and procedures D. Incorporating compliance
with the institutions AML policy into the annual
evaluation process Answer A, C,D
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Question No 7
A large cash deposit most likely reflects money
laundering when it is A. from a customer who
has never conducted a transaction in cash
before B. transacted in segments smaller than the
reporting thresholds at various times during the
day C. followed by an immediate wire transfer to
an offshore secrecy haven D. by a customer who
operates a cash-based business Answer A, C, D
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Question No 8
In which three circumstances foes a large-cash
deposit most likely reflect money laundering? A.
When it is from a customer who has never operated
a business B. When it is by a customer who
operates a cash-based business C. When it is
transacted in segments smaller than the reporting
thresholds at various times during the day D.
When it is followed by an immediate wire transfer
to an offshore secrecy haven Answer A, B, D
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Question No 9
The Wolfsburg Principles for Private Banking list
circumstances that would require additional due
diligence, including activities that involve
which three of these choices? A. Foreign
jurisdictions B. High Risk Countries, including
those identified by credible sources as having
inadequate Anti Money Laundering standards C.
high Risk activities, involving clients and
beneficial owners whose source of wealth
originates From activities known to be vulnerable
to money laundering D. Public Officials,
including those individuals who have or had
positions of public trust Answer B, C, D
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Question No 10
Which indicator should be suspicious to a
compliance officer at a brokerage firm? A.
Trading between accounts controlled by the same
person B. Large number of bid/ask prior to market
opening C. The client imposed limits to their
losses from the outset of the relationship D. A
broker splits the bid-ask spread with the
investor when matching buy and sell
orders Answer A or D
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Acams CAMS - Certified Anti-Money Laundering
Specialists