Test your basic knowledge |

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 18






2. Moneyval






3. In Emerging Money Laundering Risks - what 3 methods are identified as 'Funds Transfers'?






4. What normal business practise makes 'Product Division' possible?






5. Commodity






6. Underwriting






7. What does the principal US money laundering law look for before implementing its 'Extraterritorial Reach'?






8. Who issues the Internationa Narcotics Control Strategy Report (INCSR) and how often?






9. FATF Recommendation 1






10. What is a 'Trust'?






11. Apostille






12. GIABA






13. FCPA (US)






14. What are the two types of Stored Value Cards?






15. What tend to be the markings of Private Banking transactions?






16. FATF Sepcial Recommendation on Terrorist Financing -- SR Four






17. OCC Office of the Comptroller of the Currency






18. 'Introducing Broker-Dealers in Commodities' (IB-C)






19. The Palemo Convention






20. FATF Recommendation 3






21. FATF Recommendation 35






22. Wholesale Banking






23. Arrest Warrant






24. FATF Recommendation 28






25. What is meant by 'Know Your Customer's customer'?






26. White-Collar crime






27. Legal Arrangements (Insurance Industry)






28. What is the FCPA primarily known for?






29. Short Sale






30. Automated Sale






31. In Emerging Money Laundering Risks - what 3 areas are associated with 'Contractual Transactions'?






32. Boiler Room






33. FATF Recommendation 36






34. Many jurisdictions have legislation to ensure that suspects are not ____?






35. EAG






36. FATF Recommendation 32






37. Fraud






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






39. Pink Sheets






40. 'Coucil of Europe Convention on Laundering - Search - Seizure and Confiscation of the Proceeds from Crime' is known for what?






41. Convertible Bond






42. As considered by UN and OECD - these are jurisdictions that have no or low tax rates - and do not attract real business or foreign investment






43. Basel's 'CDD for Banks' states that the decision to open an account for a PEP should be taken at...






44. Cash Letter






45. Transparency International






46. FATF Recommendation 12






47. What is a 'NCCT'?






48. (Credit Card) Third-Party processor






49. FATF Recommendation 4






50. Express Trust