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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. FATF Recommendation 20






2. FATF Recommendation 33






3. FATF Recommendation 12






4. Agent (Insurance Industry)






5. GIABA






6. FATF Recommendation 25






7. How do most governments view Private Banking?






8. May a shell bank maintain a correspondent account with a US bank?






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






10. Distribution Channels (Insurance Industry)






11. The Palemo Convention






12. What is a 'NCCT'?






13. 'Competent Authorities' refers to _____.






14. Wire Transfers






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






16. OCC Office of the Comptroller of the Currency






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






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






19. Identification data






20. Abusive Squeezes






21. Cash Letter






22. Respondent Bank






23. Examples of White-collar crime






24. Why is 'refining' critical to a money launderer's efforts?






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






26. What is private investment company also known as?






27. 'Closed-end Mutual Fund' (Or Comany)






28. Foriegn Shell Banks are vehicles for ______ & ______?






29. What do 'Hedge Funds' attempt to do?






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






31. Affidavit






32. FATF Recommendation 8






33. Legal Arrangements (Insurance Industry)






34. Cash Equivalent






35. Retail Banking






36. FATF Recommendation 21






37. Dormant Account






38. FATF Recommendation 30






39. Bust-out






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






41. FATF Recommendation 11






42. Why do companies export their goods at prices far below those in their home country?






43. What is a Private Investment company (PIC)?






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






45. Automated Sale






46. How are 'Predicate Crimes' sometimes identified?






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






48. 'Commission Rogatoire' known in English as?






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






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