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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 27






2. What do boiler room salespeople typically sell?






3. FATF Recommendation 7

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4. Futures Commission Merchant (FCM)






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






6. Wire Transfers






7. (Credit Card) Third-Party processor






8. What is the FCPA primarily known for?






9. Guaranteed Introducing Broker

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10. Downstream Correspondent Clearer






11. What does the 'SEC' (US Securities and Exchange Commission) do?






12. According to FATF - financial transactions above a designated threshold may include situations where the transaction takes place in a single operation or in several operations...






13. FATF Recommendation 2






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






15. Distribution Channels (Insurance Industry)






16. FATF Recommendation 20






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






18. Penny Stocks






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






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






21. What is the goal of the Egmont group?

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22. What was the effect of the 1988 Vienna Convention as it relates to extradtition?






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






25. 'Kiting' via credit card






26. The Palemo Convention






27. Dormant Account






28. How does 'Product Diversion' work?






29. What is a Financial Intelligence Unit?






30. Market Manipulation






31. FATF Recommendation 13






32. EAG






33. Basel committee's 'Customer Due Diligence for Banks' when verifying a unit's compliance with KYC policies and procedures - the home country supervisors or auditors should do what?






34. Behaviour detection

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35. Who are the parties involved in a trust?






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






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

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38. FATF Recommendation 33






39. FATF Recommendation 34






40. What is a 'NCCT'?






41. 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...






42. What is the significance of 'Non-Financial Trades and Businesses' in realtion to Money Laundering?






43. What is the goal of FSAP?






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






45. 'Commission Rogatoire' known in English as?






46. FATF Recommendation 10






47. Three stages of money laundering






48. Why is understanding 'Product Diversion' important to the AML investigator?






49. FATF Recommendation 30






50. 'Coucil of Europe Convention on Laundering - Search - Seizure and Confiscation of the Proceeds from Crime' is known for what?







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