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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. FATF Sepcial Recommendation on Terrorist Financing -- SR Three






2. What does the 'SEC' (US Securities and Exchange Commission) do?






3. When is a jurisdiction considered to be 'ring-fenced'?






4. The IMF estimates that laundered funds compromise ______ of the world's GDP






5. FATF Recommendation 31






6. What do boiler room salespeople typically sell?






7. Open System Stored Value Card






8. 'Commission Rogatoire' known in English as?






9. Automated Sale






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






11. SRO (Self-Regulatory Organizations)






12. Commodity Pool






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






14. FATF Recommendation 33






15. In general terms - EDD requires what of a financial institution?


16. Commodity






17. Examples of VSP's






18. FATF Recommendation 15






19. Wholesale Banking






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






21. 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...






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






23. FATF Recommendation 25






24. Arrest Warrant






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






26. What is the FCPA primarily known for?






27. FATF Recommendation 26






28. FATF Recommendation 38






29. FATF Recommendation 6






30. What is a Financial Intelligence Unit?






31. FATF Recommendation 17






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


33. Dematerialization of Securities


34. Commodity Trading Advisor






35. FATF Recommendation 1






36. What is one of the Financial Service Authority's (UK) tasks?






37. Characteristics of an 'Open System Stored Value Card'






38. FATF Recommendation 23






39. What normal business practise makes 'Product Division' possible?






40. FATF Recommendations examples of non-financial businesses and professions






41. Reverse Flip


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






43. FATF Recommendation 40






44. FATF Recommendation 21






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






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






47. Examples of White-collar crime






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






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






50. The Palemo Convention