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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. What is a 'Trust'?

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

4. Why does a launderer try to run transactions through a concentration account of a financial institution?

5. (Credit Card) Third-Party processor

6. Common types of 'Derivatives'

7. How does the Egmont group help its members?

8. Transparency International

9. SRO (Self-Regulatory Organizations)

10. What are the three main functions of a 'Transfer Agent'?

11. Credit Card Associations

12. 'Introducing Broker-Dealers in Commodities' (IB-C)

13. Examples of White-collar crime

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

15. FATF Recommendation 17

16. Fraud

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


19. What criterion does the US need to enforce its 'Extraterritorial Reach'?

20. Wire Transfers

21. 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.

22. How are 'Predicate Crimes' sometimes identified?

23. FATF Sepcial Recommendation on Terrorist Financing -- SR Four

24. Respondent Bank

25. FATF Recommendation 3

26. FATF Recommendation 16

27. Abusive Squeezes

28. FATF Recommendation 5

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

30. Bust-out

31. Express Trust

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

33. OTC markets Over-The-Counter

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

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

36. Cash Log

37. Cash Equivalent

38. What is the goal of the Egmont group?

39. In general terms - EDD requires what of a financial institution?

40. FATF Recommendation 15

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

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

43. FATF Recommendation 20

44. FATF Recommendation 25

45. FATF Recommendation 22

46. Counter Party

47. Behaviour detection

48. FATF Recommendation 10

49. How do most governments view Private Banking?

50. Who conducts the Financial Sector Assessment Program (FSAP)?