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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. Basel's 'CDD for Banks' states that the decision to open an account for a PEP should be taken at...






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

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3. FATF Recommendation 14






4. Legal Arrangements (Insurance Industry)






5. FATF Sepcial Recommendation on Terrorist Financing -- SR Nine






6. What is a Private Investment company (PIC)?






7. What is meant by 'Know Your Customer's customer'?






8. Open System Stored Value Card






9. What is a Financial Intelligence Unit?






10. Convertible Bond






11. 'Commission Rogatoire' known in English as?






12. Fraud






13. Commodity Trading Advisor






14. FATF Recommendation 25






15. FATF Recommendation 30






16. Credit Card Associations






17. FATF Recommendation 11






18. FATF Recommendation 22

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






20. FATF Recommendation 10






21. FATF Recommendation 1






22. A pyramid scheme is also called...






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






24. What is the goal of the Egmont group?

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25. FATF Recommendation 26






26. Downstream Correspondent Clearer






27. SRO (Self-Regulatory Organizations)






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






29. FATF Recommendation 39






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






31. Variable Annuity






32. FATF Recommendation 36






33. FATF Recommendation 9






34. FATF Recommendation 40






35. 'Competent Authorities' refers to _____.






36. Identification data






37. Agent (Insurance Industry)






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






39. FATF Recommendation 12






40. What were recently identified as Emerging Money Laundering risks?






41. FATF Recommendation 33






42. A 'panzi' scheme is named for whom?






43. Futures Commission Merchant (FCM)






44. Moneyval






45. What do boiler room salespeople typically sell?






46. Nostro

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47. Portfolio Manager






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






49. A 'Cash Letter' can also be referred to as _____.






50. What is the goal of FSAP?