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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 40






2. Boiler Room






3. FATF Recommendation 2






4. FATF Recommendation 37






5. FATF Recommendation 18






6. 'Kiting' via credit card






7. Why is it imperative to have a strong Know Your Employee program?






8. What does Financial Sector AssessmentProgram (FSAP) do?






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






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






11. Express Trust






12. FATF Recommendation 9






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






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






15. What is a 'NCCT'?






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






17. FATF Recommendation 36






18. Nostro






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






20. FATF Recommendation 28






21. FATF Recommendation 25






22. FATF Recommendation 15






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






24. What does an Extradition Treaty specify?






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






26. Why is a 'money order' attractive to a money launderer?






27. Who appoints a 'Federal Receiver' (US)?






28. What are included in the Wolfsberg AML Principles on Private Banking?






29. Three stages of money laundering






30. Counter Party






31. FATF Recommendation 19






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






33. Transparency International






34. (Credit Card) Issuing Bank






35. Vital Service Providers (VSPs)






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






37. Underwriting






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






39. Identification data






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






41. 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...






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






43. Portfolio Manager






44. Cash Log






45. Short Sale






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






47. What does the principal US money laundering law look for before implementing its 'Extraterritorial Reach'?






48. Who are the parties involved in a trust?






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






50. Common types of 'Derivatives'