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. Example of use of an Apostille






2. Cash Equivalent


3. OCC Office of the Comptroller of the Currency






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






5. Open System Stored Value Card






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






7. What is the goal of the Egmont group?


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






9. FATF Recommendation 3






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






11. Nostro


12. Free Look Period






13. The Palemo Convention






14. FATF Recommendation 34






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






16. FATF Recommendation 38






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






18. FATF Recommendation 27






19. The 'Art Loss Register'


20. 'Competent Authorities' refers to _____.






21. FATF's designated transactional threshold for Casinos (including Internet Casinos) is _____.






22. Short Sale


23. What is a Financial Intelligence Unit?






24. Boiler Room






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






26. Foriegn Shell Banks are vehicles for ______ & ______?






27. FATF Recommendation 14






28. FATF Recommendation 10






29. Many jurisdictions have legislation to ensure that suspects are not ____?






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






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






32. Convertible Preferred






33. Respondent Bank


34. What the primary objectives of Offshore Group of Banking Supervisors?






35. Who issues the Internationa Narcotics Control Strategy Report (INCSR) and how often?






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






37. What does a 'Commission Rogatoire' normally specify?






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






39. GAFISUD






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






41. A pyramid scheme is also called...






42. FATF Sepcial Recommendation on Terrorist Financing -- SR Eight






43. Moneyval






44. FATF Recommendation 37






45. FATF Recommendation 24






46. FATF Recommendation 11






47. Investment Adviser






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


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






50. How do most governments view Private Banking?