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 does Financial Sector AssessmentProgram (FSAP) do?






2. Convertible Preferred






3. A pyramid scheme is also called...






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






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






6. Arrest Warrant






7. GAFISUD






8. Pink Sheets






9. Commodity Trading Advisor






10. Abusive Squeezes


11. Examples of VSP's






12. Money Mules






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






14. Scheme






15. Underwriting






16. FATF Recommendation 37






17. FATF Recommendation 29






18. FATF Recommendation 35






19. Agent (Insurance Industry)






20. (Credit card) Acquiring Bank






21. Market Manipulation






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






23. FATF Recommendation 9






24. FATF Recommendation 28






25. Examples of White-collar crime






26. FCPA (US)






27. What is the Wolfsberg group?






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






29. Express Trust






30. Respondent Bank


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






32. Who appoints a 'Federal Receiver' (US)?






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






34. What do boiler room salespeople typically sell?






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






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






37. What does an Extradition Treaty specify?






38. Portfolio Manager






39. 'Commission Rogatoire' known in English as?






40. FATF Recommendation 39






41. Vital Service Providers (VSPs)






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






43. FATF Recommendation 17






44. Downstream Correspondent Clearer






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






46. Investigative Log






47. Fraud






48. Foriegn Shell Banks are vehicles for ______ & ______?






49. Short Sale


50. Boiler Room