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Certified Anti Money Laundering Specialist Cams

Subject : certifications
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. FATF Recommendation 34






2. (Credit Card) Issuing Bank






3. Market Manipulation






4. FATF Recommendation 26






5. How do most governments view Private Banking?






6. Identification data






7. Vital Service Providers (VSPs)






8. 'Loan Back' method. Give example of how it works.






9. Basel committee's 'Customer Due Diligence for Banks' when verifying a unit's compliance with KYC policies and procedures - the home country supervisors or auditors should do what?






10. FATF Sepcial Recommendation on Terrorist Financing -- SR One






11. What is a Private Investment company (PIC)?






12. Who appoints a 'Federal Receiver' (US)?






13. Respondent Bank






14. A 'Cash Letter' can also be referred to as _____.






15. Why is 'Know Your Correspondent Bank' important?






16. FATF Recommendation 39






17. What does a 'Commission Rogatoire' normally specify?






18. OCC Office of the Comptroller of the Currency






19. The Joint Money Laundering Steering Group (UK) has published a series of AML Guidance Notes for different sectors of the financial community. But - As a group of trade associations - it has...






20. Why does a launderer try to run transactions through a concentration account of a financial institution?






21. When was the Offshore Group of Banking Supervisors established? What was the impetus behind its establishment?






22. What does theInternationa Narcotics Control Strategy Report (INCSR) entail?






23. Futures Commission Merchant (FCM)






24. Commodity Pool Operator






25. GIABA






26. White-Collar crime






27. Dematerialization of Securities






28. FATF's designated transactional threshold for Casinos (including Internet Casinos) is _____.






29. How is 'Legal Risk' defined by the 2001 Basel Due Diligence Principles?






30. FATF's designated transactional threshold for Delaers is Precious metals and / or Precious Stones is _____.






31. What is the aim of Joint Money Laundering Steering Group? (UK)






32. FATF Recommendation 30






33. Affidavit






34. What does an Extradition Treaty specify?






35. Investment Adviser






36. Express Trust






37. Structuring is a common technique in jurisdictions that...






38. FATF Recommendation 6






39. How does the Egmont group help its members?






40. What is private investment company also known as?






41. What is a 'NCCT'?






42. FATF Recommendation 23






43. Who appear to be predominant users of hawalas and other alternative remittance systems?






44. FCPA (US)






45. Behaviour detection






46. FATF Recommendation 2






47. FATF Recommendation 25






48. A pyramid scheme is also called...






49. A public perception that a bank is not able to manage its operational risk effectively can...






50. Fraud