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. What were recently identified as Emerging Money Laundering risks?






2. FATF Recommendation 32






3. Penny Stocks






4. What is one of the cental stragetic tools required for effective action against money laundering?






5. In what country is the Egmont Group Secretariat now located?






6. Options/Options Contract






7. FATF Recommendation 25






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






9. What is the goal of the Egmont group?


10. How do most governments view Private Banking?






11. What is a 'NCCT'?






12. EAG






13. When is a jurisdiction considered to be 'ring-fenced'?






14. (Credit Card) Issuing Bank






15. FATF Recommendation 18






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






17. UK courts view on 'Suspicion'






18. FATF Recommendation 28






19. 'Commission Rogatoire' known in English as?






20. What are some of the AML dangers of casino junkets?






21. Cash Equivalent


22. FATF Sepcial Recommendation on Terrorist Financing -- SR Six






23. Free Look Period






24. FATF Recommendation 27






25. SRO (Self-Regulatory Organizations)






26. GAFISUD






27. FATF Recommendation 29






28. FATF Recommendation 8






29. (Credit card) Acquiring Bank






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






31. How is 'Legal Risk' defined by the 2001 Basel Due Diligence Principles?






32. Mutual Fund






33. The Vienns Convention






34. FATF Recommendation 23






35. Convertible Bond






36. Open System Stored Value Card






37. FATF Recommendation 6






38. Commodity Pool






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






40. Investigative Log






41. Credit Card Associations






42. 'Competent Authorities' refers to _____.






43. FATF Recommendation 14






44. FATF Recommendation 16






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


46. Pink Sheets






47. FATF Recommendation 19






48. What tend to be the markings of Private Banking transactions?






49. Examples of White-collar crime






50. FATF Recommendation 11