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 17






2. FATF Recommendation 14






3. FATF






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






5. Boiler Room






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






7. Under the US Bank Secrecy Act - SAR filings are confidential and the institutions employees cannot ____?

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






9. How does the Egmont group help its members?






10. A notary can issue a Apostille but it must be in a country that signed The Hague Convention (1961) and it must ___________. If the notary doesn't understand - find another one.

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






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






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






14. What the primary objectives of Offshore Group of Banking Supervisors?






15. (Credit Card) Issuing Bank






16. FATF Recommendation 29






17. What is the Wolfsberg group?






18. What is the primary use of a 'Mutual Legal Assistance Treaty'?






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






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

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21. FATF Recommendation 12






22. FATF Sepcial Recommendation on Terrorist Financing -- SR Nine






23. FCPA (US)






24. Options/Options Contract






25. FATF Recommendation 37






26. FATF's designated transactional threshold for Financial Insitutions is _____.






27. Cash Letter






28. FATF Sepcial Recommendation on Terrorist Financing -- SR Five

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29. What is a 'Trust'?






30. Agent (Insurance Industry)






31. FATF Sepcial Recommendation on Terrorist Financing -- SR Eight






32. What is a 'NCCT'?






33. Abusive Squeezes

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






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






36. Portfolio Manager






37. How are 'Predicate Crimes' sometimes identified?

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






39. Arrest Warrant






40. Who conducts the Financial Sector Assessment Program (FSAP)?






41. Automated Sale






42. FATF Recommendations examples of non-financial businesses and professions






43. The 'Art Loss Register'

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






45. Free Look Period






46. Downstream Correspondent Clearer






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






48. Who are the parties involved in a trust?






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






50. Account Monitoring Order (UK and several other countries)