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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 One






2. FATF's designated transactional threshold for Delaers is Precious metals and / or Precious Stones is _____.






3. Market Manipulation






4. Wholesale Banking






5. Nostro






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






7. Cash Log






8. Fraud






9. Where is the Art Loss Register found?






10. Who appear to be predominant users of hawalas and other alternative remittance systems?






11. Arrest Warrant






12. Investigative Log






13. What does an Extradition Treaty specify?






14. FCPA (US)






15. Example of use of an Apostille






16. FATF Recommendation 20






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






18. What was the target of UN Security Council Resolution 1267?






19. Scheme






20. SRO (Self-Regulatory Organizations)






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






22. CFT






23. EAG






24. Cash Letter






25. Free Look Period






26. FATF Recommendation 35






27. 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.






28. FATF Recommendation 29






29. Legal Arrangements (Insurance Industry)






30. FATF Recommendation 12






31. Why is 'refining' critical to a money launderer's efforts?






32. FATF Recommendation 9






33. What is the FCPA primarily known for?






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






35. Mutual Fund






36. Why is it imperative to have a strong Know Your Employee program?






37. Variable Annuity






38. Corporate Bank






39. Transparency International






40. (Stock) Warrants






41. As considered by UN and OECD - these are jurisdictions that have no or low tax rates - and do not attract real business or foreign investment






42. FATF Recommendation 2






43. Account Monitoring Order (UK and several other countries)






44. What do boiler room salespeople typically do?






45. Distribution Channels (Insurance Industry)






46. Pink Sheets






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






48. FATF Recommendation 36






49. (Credit Card) Third-Party processor






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