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. How does 'Product Diversion' work?






2. Pink Sheets






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

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4. Many jurisdictions have legislation to ensure that suspects are not ____?






5. OCC Office of the Comptroller of the Currency






6. FATF Recommendation 29






7. Cash Log

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8. FATF Recommendation 10






9. FATF Recommendation 1






10. In Emerging Money Laundering Risks - what 3 methods are identified as 'Funds Transfers'?






11. Investment Adviser






12. Identification data






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






14. Cash Letter






15. Examples of VSP's






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






17. (Stock) Warrants






18. 'Kiting' via credit card






19. FATF Recommendation 24






20. US law prohibhits Foriegn Shell Banks from ____?






21. Reverse Flip

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22. What are the two types of Stored Value Cards?






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






24. FATF Recommendation 18






25. FATF Recommendation 36






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






27. FATF Recommendation 38






28. Apostille

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29. Why do convertible bonds oftern have lower interest rates than non-convertible bonds?






30. What is the Federal Service for Financial Monitoring?






31. What does FIU do?






32. Corporate Bank

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33. Agent (Insurance Industry)






34. SRO (Self-Regulatory Organizations)






35. Abusive Squeezes

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36. FATF Recommendation 17






37. What the primary objectives of Offshore Group of Banking Supervisors?






38. 'Coucil of Europe Convention on Laundering - Search - Seizure and Confiscation of the Proceeds from Crime' is known for what?






39. FATF Recommendation 28






40. Penny Stocks






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

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42. Dormant Account






43. The Palemo Convention






44. USA Patriot Act Section 312 'Offshore Bank'






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






46. Commodity Trading Advisor






47. Free Look Period






48. Dematerialization of Securities

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49. FATF Recommendation 16






50. How are 'Predicate Crimes' sometimes identified?

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