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. Moneyval






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






3. Respondent Bank

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4. What is a Financial Intelligence Unit?






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






6. Penny Stocks






7. FATF Recommendation 21






8. FATF Recommendation 31






9. Wholesale Banking






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






11. What do boiler room salespeople typically sell?






12. FATF






13. FATF Sepcial Recommendation on Terrorist Financing -- SR Six






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






15. Retail Banking






16. Options/Options Contract






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






18. What is a 'NCCT'?






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






20. What does Financial Sector AssessmentProgram (FSAP) do?






21. What does an Extradition Treaty specify?






22. FATF Recommendation 17






23. FATF Recommendation 2






24. Transparency International






25. FATF Recommendation 37






26. The Vienns Convention






27. FATF Recommendation 28






28. FATF Recommendation 7

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29. Basel committee's 'Customer Due Diligence for Banks' when verifying a unit's compliance with KYC policies and procedures - the home country supervisors or auditors should do what?






30. Dematerialization of Securities

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31. Why is 'refining' critical to a money launderer's efforts?






32. FATF Recommendation 24






33. Derivatives






34. FATF Recommendation 10






35. Fraud






36. FATF Recommendation 5






37. Downstream Correspondent Clearer






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






39. FATF Recommendations examples of non-financial businesses and professions






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






41. FATF Recommendation 26






42. Vital Service Providers (VSPs)






43. FATF Recommendation 9






44. Commodity Trading Advisor






45. FATF Recommendation 39






46. What the primary objectives of Offshore Group of Banking Supervisors?






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

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48. FATF Recommendation 18






49. US law prohibhits Foriegn Shell Banks from ____?






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