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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 Recommendation 24






2. Credit Card Associations






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


4. Futures Commission Merchant (FCM)






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






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






7. USA Patriot Act Section 312 'Offshore Bank'






8. Examples of White-collar crime






9. Downstream Correspondent Clearer






10. FATF Sepcial Recommendation on Terrorist Financing -- SR Five


11. The 'Art Loss Register'


12. CFT






13. The Palemo Convention






14. Short Sale


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






16. Abusive Squeezes


17. Three stages of money laundering






18. Identification data






19. MENAFATF






20. FATF Recommendation 16






21. FATF Recommendation 1






22. FATF Recommendation 30






23. FATF Recommendation 33






24. FATF Recommendation 2






25. Distribution Channels (Insurance Industry)






26. FATF Recommendation 35






27. What does FIU do beyond what FIU does?


28. Where is the Art Loss Register found?






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






30. What is the goal of FSAP?






31. FATF Recommendation 40






32. What is the goal of the Egmont group?


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






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






35. Investigative Log






36. FATF Recommendation 25






37. FATF Recommendation 31






38. Automated Sale






39. How is 'Identity theft' often accomplished?






40. What does a 'Commission Rogatoire' normally specify?






41. FCPA (US)






42. Underwriting






43. (Credit Card) Third-Party processor






44. Convertible Preferred






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






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






47. FATF Recommendation 23






48. Convertible Bond






49. What can result from on institution's disregard for the Basel Due Diligence Principle?






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