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. What is private investment company also known as?






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






3. FATF Recommendation 15






4. 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...






5. EAG






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






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






8. FATF Recommendation 38






9. Vital Service Providers (VSPs)






10. FATF Recommendation 29






11. Underwriting






12. What are included in the Wolfsberg AML Principles on Private Banking?






13. What was the target of UN Security Council Resolution 1373?






14. Penny Stocks






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






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






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






18. FATF Sepcial Recommendation on Terrorist Financing -- SR Three






19. (Stock) Warrants






20. FATF Recommendation 27






21. What criterion does the US need to enforce its 'Extraterritorial Reach'?

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22. What is the goal of FSAP?






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






24. GAFISUD






25. Where is the Art Loss Register found?






26. Portfolio Manager






27. Abusive Squeezes

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28. FATF Recommendation 21






29. Money Mules






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






31. Commodity Pool






32. (Credit card) Acquiring Bank






33. Reverse Flip

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34. Affidavit






35. GIABA






36. When is a jurisdiction considered to be 'ring-fenced'?






37. FATF Recommendation 24






38. Wholesale Banking






39. Dormant Account






40. How is 'Identity theft' often accomplished?






41. What does FIU do?






42. What does Financial Sector AssessmentProgram (FSAP) do?






43. Identification data






44. What is one of the Financial Service Authority's (UK) tasks?






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






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






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






48. What is the FCPA primarily known for?






49. White-Collar crime

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50. Bust-out