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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. FCPA (US)






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






3. FATF Recommendation 12






4. Moneyval






5. The 'Art Loss Register'

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6. Where is the Art Loss Register found?






7. 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...






8. FATF Recommendation 40






9. What is meant by 'Know Your Correspondent Bank'?

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10. FATF Recommendation 30






11. Guaranteed Introducing Broker

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12. Why is it imperative to have a strong Know Your Employee program?






13. OTC markets Over-The-Counter






14. What is the goal of FSAP?






15. Who appear to be predominant users of hawalas and other alternative remittance systems?






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






17. What is the goal of the Egmont group?

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18. Operational risks in KYC context relate to...






19. How are 'Predicate Crimes' sometimes identified?

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






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






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






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






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






25. FATF Recommendation 1






26. A 'Cash Letter' can also be referred to as _____.






27. 'Closed-end Mutual Fund' (Or Comany)

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28. FATF Recommendation 6






29. FATF Recommendation 37






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






31. What does an Extradition Treaty specify?






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






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






34. MENAFATF






35. Commodity






36. (Stock) Warrants






37. Cash Letter






38. FATF Recommendation 3






39. Penny Stocks






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






41. Who are the parties involved in a trust?






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






43. CFT






44. 'Introducing Broker-Dealers in Commodities' (IB-C)

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45. UK courts view on 'Suspicion'






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






47. FATF Recommendation 8






48. FATF's designated transactional threshold for Delaers is Precious metals and / or Precious Stones is _____.






49. FATF Recommendation 4






50. Arrest Warrant