Test your basic knowledge |

Certified Anti Money Laundering Specialist Cams

Subject : certifications
  • 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. Why is 'refining' critical to a money launderer's efforts?

2. How do most governments view Private Banking?

3. What is meant by 'Know Your Correspondent Bank'?

4. Respondent Bank

5. How does 'Product Diversion' work?

6. Dematerialization of Securities

7. FATF Recommendation 13

8. What criterion does the US need to enforce its 'Extraterritorial Reach'?

9. Retail Banking

10. Counter Party

11. What is the Wolfsberg group?

12. Automated Sale

13. Behaviour detection

14. Money Mules

15. (Credit Card) Third-Party processor

16. How does the Egmont group help its members?

17. Convertible Preferred

18. Pink Sheets

19. Characteristics of an 'Open System Stored Value Card'


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


23. 'Competent Authorities' refers to _____.

24. 'Commission Rogatoire' known in English as?

25. Cash Letter

26. FATF Recommendation 34

27. Penny Stocks

28. FATF Recommendations examples of non-financial businesses and professions

29. SRO (Self-Regulatory Organizations)

30. According to FATF - financial transactions above a designated threshold may include situations where the transaction takes place in a single operation or in several operations...

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

32. FATF Recommendation 22

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

34. What is one of the Financial Service Authority's (UK) tasks?

35. FATF Recommendation 27

36. The Palemo Convention

37. What does Financial Sector AssessmentProgram (FSAP) do?

38. FATF Recommendation 8

39. Futures Commission Merchant (FCM)

40. What does FIU do beyond what FIU does?

41. FATF Recommendation 10

42. Short Sale

43. What does FIU do?

44. Investigative Log

45. What do boiler room salespeople typically do?

46. FATF Recommendation 28

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

48. FATF Recommendation 14

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

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