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. Investigative Log






2. How does the Egmont group help its members?






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






4. FATF Recommendation 17






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






6. FATF Recommendation 22

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7. What does FIU do?






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






9. Options/Options Contract






10. The 'Art Loss Register'

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






12. Why is 'Know Your Customer's Customer' important?






13. Convertible Preferred






14. FATF Recommendation 36






15. FATF Recommendation 3






16. Cash Letter






17. What was the target of UN Security Council Resolution 1373?






18. FATF Recommendation 13






19. The USA Patriot Act enacted a number of statutory provisions that bear directly on the procedures US financial institutions must follow in connection with their...






20. CFT






21. Apostille

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22. Examples of VSP's






23. OTC markets Over-The-Counter






24. What is a 'Trust'?






25. What is the Federal Service for Financial Monitoring?






26. GAFISUD






27. White-Collar crime

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






29. FATF Recommendation 29






30. FATF Recommendation 39






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






32. What is a 'NCCT'?






33. (Credit card) Acquiring Bank






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






35. Variable Annuity






36. How are 'Predicate Crimes' sometimes identified?

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37. 'Loan Back' method. Give example of how it works.

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38. Retail Banking






39. Why is understanding 'Product Diversion' important to the AML investigator?






40. 'Coucil of Europe Convention on Laundering - Search - Seizure and Confiscation of the Proceeds from Crime' is known for what?






41. What was the effect of the 1988 Vienna Convention as it relates to extradtition?






42. Fraud






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






44. Abusive Squeezes

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45. Cash Log

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46. Bust-out






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






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






49. Common types of 'Derivatives'






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