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






2. Transparency International






3. Automated Sale






4. Nostro

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


5. What is the primary use of a 'Mutual Legal Assistance Treaty'?






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






7. Money Mules






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






9. Futures Commission Merchant (FCM)






10. 'Competent Authorities' refers to _____.






11. FATF Recommendation 27






12. What is one of the cental stragetic tools required for effective action against money laundering?






13. FCPA (US)






14. Retail Banking






15. Moneyval






16. How does the Egmont group help its members?






17. EAG






18. Abusive Squeezes

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


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






20. FATF Recommendation 40






21. Agent (Insurance Industry)






22. Distribution Channels (Insurance Industry)






23. FATF Recommendation 7

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


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






25. FATF Recommendation 37






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






27. 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


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






29. FATF Recommendation 31






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






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






32. FATF Recommendation 2






33. Downstream Correspondent Clearer






34. FATF Sepcial Recommendation on Terrorist Financing -- SR Nine






35. SRO (Self-Regulatory Organizations)






36. What is a 'Trust'?






37. FATF Recommendation 3






38. MENAFATF






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

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


40. USA Patriot Act Section 312 'Offshore Bank'






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






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






43. Counter Party






44. What does the 'SEC' (US Securities and Exchange Commission) do?






45. Market Manipulation






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






47. What does an Extradition Treaty specify?






48. What is the Wolfsberg group?






49. FATF Recommendation 20






50. Apostille

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