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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. In what country is the Egmont Group Secretariat now located?






2. 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...






3. Wholesale Banking






4. FATF Recommendation 19






5. FATF Recommendation 9






6. What are the three main functions of a 'Transfer Agent'?






7. (Credit card) Acquiring Bank






8. FATF Recommendation 23






9. Free Look Period






10. Corporate Bank

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11. Penny Stocks






12. Examples of White-collar crime






13. Why is a 'money order' attractive to a money launderer?






14. FCPA (US)






15. USA Patriot Act Section 312 'Offshore Bank'






16. A pyramid scheme is also called...






17. Open System Stored Value Card






18. Underwriting






19. How does the Egmont group help its members?






20. FATF Recommendation 1






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






22. A 'panzi' scheme is named for whom?






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






24. Cash Log

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25. 'Open-end Mutual Fund' (or Company)

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26. FATF Recommendation 17






27. FATF Sepcial Recommendation on Terrorist Financing -- SR Six






28. What is a 'NCCT'?






29. Abusive Squeezes

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30. GIABA






31. Distribution Channels (Insurance Industry)






32. Mutual Fund






33. In general terms - EDD requires what of a financial institution?

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34. What is the Serious Organised Crime Agency (SOCA)?






35. Options/Options Contract






36. Commodity Trading Advisor






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






38. FATF Recommendation 39






39. The 'Art Loss Register'

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40. Characteristics of an 'Open System Stored Value Card'






41. FATF Recommendation 7

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42. What are some of the AML dangers of casino junkets?






43. The USA Patriot Act enacted a number of statutory provisions that bear directly on the procedures US financial institutions must follow in connection with their...






44. Why do convertible bonds oftern have lower interest rates than non-convertible bonds?






45. Operational risks in KYC context relate to...






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






47. Examples of VSP's






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






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






50. What is private investment company also known as?