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. FATF Recommendation 12






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






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






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






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






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

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7. FATF Recommendation 20






8. (Credit card) Acquiring Bank






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






10. Portfolio Manager






11. What do 'Hedge Funds' attempt to do?






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






13. FATF's designated transactional threshold for Financial Insitutions is _____.






14. FATF Recommendation 14






15. FATF Sepcial Recommendation on Terrorist Financing -- SR One






16. Boiler Room






17. FATF Recommendation 39






18. Express Trust






19. FATF Recommendation 3






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






21. Examples of VSP's






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






23. What is the FCPA primarily known for?






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






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

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26. What does FIU do?






27. Margin






28. FATF Recommendation 18






29. Bust-out






30. Commodity Pool






31. Vital Service Providers (VSPs)






32. Reverse Flip

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33. Example of use of an Apostille






34. Options/Options Contract






35. FATF Recommendation 16






36. Arrest Warrant






37. What is the goal of FSAP?






38. What does the principal US money laundering law look for before implementing its 'Extraterritorial Reach'?






39. FCPA (US)






40. A notary can issue a Apostille but it must be in a country that signed The Hague Convention (1961) and it must ___________. If the notary doesn't understand - find another one.

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41. Convertible Preferred






42. Commodity Trading Advisor






43. (Credit Card) Issuing Bank






44. Common types of 'Derivatives'






45. FATF Recommendation 40






46. FATF Sepcial Recommendation on Terrorist Financing -- SR Eight






47. What is the Wolfsberg group?






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






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






50. Abusive Squeezes

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