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. Why is 'Know Your Customer's Customer' important?






2. Free Look Period






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






4. Legal Arrangements (Insurance Industry)






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






6. The Vienns Convention






7. Open System Stored Value Card






8. Guaranteed Introducing Broker






9. Examples of White-collar crime






10. Corporate Bank






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






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






13. Structuring is a common technique in jurisdictions that...






14. What is a Private Investment company (PIC)?






15. Moneyval






16. A pyramid scheme is also called...






17. Dematerialization of Securities






18. EAG






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






20. What were recently identified as Emerging Money Laundering risks?






21. (Stock) Warrants






22. FCPA (US)






23. Wire Transfers






24. Respondent Bank






25. What is meant by 'Know Your Customer's customer'?






26. Who are the parties involved in a trust?






27. Nostro






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






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






30. Portfolio Manager






31. Credit Card Associations






32. FATF Recommendation 4






33. US law prohibhits Foriegn Shell Banks from ____?






34. FATF Recommendation 18






35. Variable Annuity






36. When was the Offshore Group of Banking Supervisors established? What was the impetus behind its establishment?






37. Investigative Log






38. Short Sale






39. What do boiler room salespeople typically sell?






40. Automated Sale






41. Abusive Squeezes






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






43. FATF Sepcial Recommendation on Terrorist Financing -- SR Eight






44. What is the goal of FSAP?






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






46. What is important about the US Money Laundering Control Act (MCLA)?






47. Pink Sheets






48. What are some of the AML dangers of casino junkets?






49. GAFISUD






50. Mutual Fund