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 38






2. Transparency International






3. FATF Recommendation 11






4. FATF Recommendation 36






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






6. FATF Recommendation 7






7. FATF Recommendation 23






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






9. Mutual Fund






10. Behaviour detection






11. Wholesale Banking






12. Three stages of money laundering






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






14. What is a 'Trust'?






15. Corporate Bank






16. What is the Federal Service for Financial Monitoring?






17. FATF Recommendation 2






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






19. Common types of 'Derivatives'






20. Short Sale






21. Why is a 'money order' attractive to a money launderer?






22. FATF Recommendation 16






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






24. What do boiler room salespeople typically do?






25. FATF Sepcial Recommendation on Terrorist Financing -- SR Four






26. White-Collar crime






27. Pink Sheets






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






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






30. 'Commission Rogatoire' known in English as?






31. What must a financial institution do if they have 'Exempt Accounts'?






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






33. Who are the parties involved in a trust?






34. FATF Recommendation 25






35. What is the FCPA primarily known for?






36. Commodity






37. FATF Recommendation 22






38. What is important about the US Money Laundering Control Act (MCLA)?






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






40. Guaranteed Introducing Broker






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






42. Where is the Art Loss Register found?






43. FATF Recommendation 39






44. Boiler Room






45. USA Patriot Act Section 312 'Offshore Bank'






46. Counter Party






47. Cash Log






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






49. GIABA






50. Distribution Channels (Insurance Industry)