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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 is the goal of the Egmont group?


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






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






4. FATF Recommendation 11






5. Legal Arrangements (Insurance Industry)






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






7. What do boiler room salespeople typically sell?






8. Why do convertible bonds oftern have lower interest rates than non-convertible bonds?






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






10. GAFISUD






11. Futures Commission Merchant (FCM)






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






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






14. The Joint Money Laundering Steering Group (UK) has published a series of AML Guidance Notes for different sectors of the financial community. But - As a group of trade associations - it has...






15. CFT






16. FATF Recommendation 29






17. Commodity Trading Advisor






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






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






20. FATF Recommendation 3






21. Bust-out






22. Dormant Account






23. (Credit Card) Issuing Bank






24. What is the FCPA primarily known for?






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






26. FATF Recommendation 1






27. A notary can issue a Apostille but it must be in a country that signed The Hague Convention (1961) and it must ___________. If the notary doesn't understand - find another one.


28. FATF Recommendation 13






29. Scheme






30. Moneyval






31. Downstream Correspondent Clearer






32. What does the 'SEC' (US Securities and Exchange Commission) do?






33. Apostille


34. FATF Recommendation 39






35. White-Collar crime


36. OCC Office of the Comptroller of the Currency






37. FATF Recommendation 27






38. FATF Recommendation 14






39. Structuring is a common technique in jurisdictions that...






40. Retail Banking






41. As considered by UN and OECD - these are jurisdictions that have no or low tax rates - and do not attract real business or foreign investment






42. What do boiler room salespeople typically do?


43. FATF Sepcial Recommendation on Terrorist Financing -- SR Nine






44. FATF Recommendation 23






45. Example of use of an Apostille






46. Penny Stocks






47. Margin






48. Money Mules






49. 'Kiting' via credit card






50. Behaviour detection