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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. Apostille






2. What is a Financial Intelligence Unit?






3. What do boiler room salespeople typically sell?






4. 'Kiting' via credit card






5. Why do companies export their goods at prices far below those in their home country?






6. FATF Recommendation 3






7. Many jurisdictions have legislation to ensure that suspects are not ____?






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






9. What is the goal of the Egmont group?






10. FATF Recommendation 15






11. Derivatives






12. Futures Commission Merchant (FCM)






13. What does FIU do beyond what FIU does?






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






15. FATF Recommendation 33






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






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






18. Convertible Preferred






19. The Palemo Convention






20. Penny Stocks






21. 'Coucil of Europe Convention on Laundering - Search - Seizure and Confiscation of the Proceeds from Crime' is known for what?






22. FATF Recommendation 28






23. Money Mules






24. FATF Recommendation 14






25. The Vienns Convention






26. Investigative Log






27. As considered by UN and OECD - these are jurisdictions that have no or low tax rates - and do not attract real business or foreign investment






28. What was the target of UN Security Council Resolution 1373?






29. What do boiler room salespeople typically do?






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






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






32. Nostro






33. Affidavit






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






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






36. USA Patriot Act Section 312 'Offshore Bank'






37. Where is the Art Loss Register found?






38. FATF Sepcial Recommendation on Terrorist Financing -- SR Two






39. FATF Recommendation 17






40. FATF Recommendation 35






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






42. FATF Recommendation 13






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






44. The USA Patriot Act enacted a number of statutory provisions that bear directly on the procedures US financial institutions must follow in connection with their...






45. What is the aim of Joint Money Laundering Steering Group? (UK)






46. Commodity






47. FATF Recommendation 40






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






49. Fraud






50. FATF Recommendation 18