Test your basic knowledge |

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. MENAFATF






2. FATF Sepcial Recommendation on Terrorist Financing -- SR Three






3. How is 'Legal Risk' defined by the 2001 Basel Due Diligence Principles?






4. FATF Recommendation 19






5. What is meant by 'Know Your Correspondent Bank'?

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


6. FATF Recommendation 7

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


7. How does the Egmont group help its members?






8. Portfolio Manager






9. What does an Extradition Treaty specify?






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






11. OTC markets Over-The-Counter






12. FATF Sepcial Recommendation on Terrorist Financing -- SR Seven






13. The IMF estimates that laundered funds compromise ______ of the world's GDP






14. FATF Recommendation 35






15. What is the Federal Service for Financial Monitoring?






16. Derivatives






17. What does FIU do beyond what FIU does?

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


18. What can result from on institution's disregard for the Basel Due Diligence Principle?






19. FATF Recommendation 6






20. FATF's designated transactional threshold for Financial Insitutions is _____.






21. SRO (Self-Regulatory Organizations)






22. Commodity Trading Advisor






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






24. Common types of 'Derivatives'






25. Cash Log

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






27. Dormant Account






28. Penny Stocks






29. FATF Recommendation 27






30. FATF Recommendation 5






31. Abusive Squeezes

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


32. FATF Recommendation 2






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






34. Should one ever file a Suspicious Transaction Report (STR/SAR) based on a person's profile?

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






36. FATF Recommendation 30






37. Investment Adviser






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






39. Mutual Fund






40. 'Open-end Mutual Fund' (or Company)

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


41. Basel's 'CDD for Banks' states that the decision to open an account for a PEP should be taken at...






42. CFT






43. Express Trust






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






45. Commodity Pool






46. FATF Recommendation 20






47. Guaranteed Introducing Broker

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


48. FATF Recommendation 34






49. Free Look Period






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