Test your basic knowledge |

Certified Anti Money Laundering Specialist Cams

Subject : certifications
  • 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


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