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. White-Collar crime


2. Under the US Bank Secrecy Act - SAR filings are confidential and the institutions employees cannot ____?


3. FATF






4. Examples of VSP's






5. Investment Adviser






6. FATF Recommendation 17






7. Convertible Bond






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






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






10. Three stages of money laundering






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






12. Counter Party






13. FATF Recommendation 22


14. Basel committee's 'Customer Due Diligence for Banks' when verifying a unit's compliance with KYC policies and procedures - the home country supervisors or auditors should do what?






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






16. Operational risks in KYC context relate to...






17. Who are the parties involved in a trust?






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






19. What does an Extradition Treaty specify?






20. What is private investment company also known as?






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






22. What is a 'NCCT'?






23. FATF Recommendation 32






24. Arrest Warrant






25. 'Commission Rogatoire' known in English as?






26. FATF Recommendation 3






27. FATF Recommendation 2






28. FATF Recommendation 25






29. Options/Options Contract






30. Transparency International






31. FATF Sepcial Recommendation on Terrorist Financing -- SR Two






32. Example of use of an Apostille






33. CFT






34. FATF Recommendation 21






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






36. Variable Annuity






37. Penny Stocks






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






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






40. Why is a 'money order' attractive to a money launderer?






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






42. 'Kiting' via credit card






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






44. Cash Letter






45. GIABA






46. Retail Banking






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






48. FATF Recommendation 4






49. FATF Recommendation 38






50. FATF Recommendation 20