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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. What do 'Hedge Funds' attempt to do?






2. (Credit card) Acquiring Bank






3. Behaviour detection






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






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






6. FATF Recommendation 34






7. 'Competent Authorities' refers to _____.






8. Express Trust






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






10. FATF Recommendation 23






11. What is a Financial Intelligence Unit?






12. Counter Party






13. A 'panzi' scheme is named for whom?






14. What does FIU do?






15. What was the target of UN Security Council Resolution 1267?






16. Convertible Preferred






17. Open System Stored Value Card






18. SRO (Self-Regulatory Organizations)






19. Underwriting






20. Money Mules






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






22. 'Kiting' via credit card






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






24. FATF Recommendation 38






25. FATF Recommendation 28






26. Convertible Bond






27. Market Manipulation






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






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






30. What is one of the cental stragetic tools required for effective action against money laundering?






31. (Credit Card) Third-Party processor






32. What does FIU do beyond what FIU does?






33. FATF






34. 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...






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






36. FATF Recommendation 24






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






38. GAFISUD






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






40. Boiler Room






41. Abusive Squeezes






42. FATF Recommendation 16






43. What must a financial institution do if they have 'Exempt Accounts'?






44. Mutual Fund






45. Affidavit






46. MENAFATF






47. How does the Egmont group help its members?






48. UK courts view on 'Suspicion'






49. Moneyval






50. Investment Adviser