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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. Should one ever file a Suspicious Transaction Report (STR/SAR) based on a person's profile?


2. (Credit Card) Third-Party processor






3. Express Trust






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






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


6. OTC markets Over-The-Counter






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






8. What is private investment company also known as?






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






10. Agent (Insurance Industry)






11. FATF Recommendation 35






12. Market Manipulation






13. Distribution Channels (Insurance Industry)






14. Variable Annuity






15. FATF Recommendation 14






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






17. Under the US Bank Secrecy Act - SAR filings are confidential and the institutions employees cannot ____?


18. Three stages of money laundering






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






20. 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...






21. Automated Sale






22. What is a Financial Intelligence Unit?






23. FATF Recommendation 40






24. FATF Recommendation 25






25. FCPA (US)






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






27. FATF Recommendation 24






28. (Stock) Warrants






29. Legal Arrangements (Insurance Industry)






30. FATF Recommendation 26






31. Cash Letter






32. What is the FCPA primarily known for?






33. Cash Equivalent


34. According to FATF - financial transactions above a designated threshold may include situations where the transaction takes place in a single operation or in several operations...






35. FATF Recommendation 33






36. FATF Recommendation 4






37. Cash Log


38. Corporate Bank


39. Commodity Pool Operator






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






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






42. What is the goal of FSAP?






43. Investigative Log






44. What does theInternationa Narcotics Control Strategy Report (INCSR) entail?






45. Bust-out






46. FATF's designated transactional threshold for Casinos (including Internet Casinos) is _____.






47. What are the three main functions of a 'Transfer Agent'?






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






49. In Emerging Money Laundering Risks - what 3 areas are associated with 'Contractual Transactions'?






50. Derivatives