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. (Credit card) Acquiring Bank






2. FATF






3. Pink Sheets






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






5. FATF Recommendation 13






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


7. OTC markets Over-The-Counter






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






9. Futures Commission Merchant (FCM)






10. How is 'Identity theft' often accomplished?






11. Mutual Fund






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






13. Portfolio Manager






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






15. Investment Adviser






16. EAG






17. Wire Transfers






18. What is a Financial Intelligence Unit?






19. FATF Recommendation 9






20. FATF Recommendation 23






21. What is the goal of the Egmont group?


22. What is the goal of FSAP?






23. Open System Stored Value Card






24. Reverse Flip


25. How does the Egmont group help its members?






26. Convertible Preferred






27. Automated Sale






28. FCPA (US)






29. FATF Recommendation 39






30. How do 'Hedge Funds' operate?


31. Commodity Pool






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






33. FATF Sepcial Recommendation on Terrorist Financing -- SR Five


34. FATF Recommendation 35






35. A public perception that a bank is not able to manage its operational risk effectively can...






36. FATF Recommendation 18






37. FATF Recommendation 19






38. Apostille


39. FATF Recommendation 36






40. FATF Recommendation 5






41. GAFISUD






42. What is one of the Financial Service Authority's (UK) tasks?






43. Why is 'Know Your Correspondent Bank' important?






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






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






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


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






48. FATF Recommendation 30






49. FATF Recommendation 6






50. Credit Card Associations