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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. Market Manipulation






2. FATF Recommendation 39






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






4. The Palemo Convention






5. Counter Party






6. Example of use of an Apostille






7. Basel's 'CDD for Banks' states that the decision to open an account for a PEP should be taken at...






8. Commodity






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






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






11. What is the goal of the Egmont group?






12. FATF Recommendation 33






13. What is a 'Trust'?






14. Common types of 'Derivatives'






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






16. (Credit Card) Issuing Bank






17. 'Introducing Broker-Dealers in Commodities' (IB-C)






18. FATF Recommendation 8






19. What is the Federal Service for Financial Monitoring?






20. FATF Recommendation 11






21. Dematerialization of Securities






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






23. FATF Recommendation 31






24. What do boiler room salespeople typically sell?






25. What is the Wolfsberg group?






26. FATF Recommendation 3






27. 'Commission Rogatoire' known in English as?






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






29. OTC markets Over-The-Counter






30. Basel committee's 'Customer Due Diligence for Banks' when verifying a unit's compliance with KYC policies and procedures - the home country supervisors or auditors should do what?






31. Cash Equivalent






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






33. Examples of White-collar crime






34. FATF Recommendation 29






35. Abusive Squeezes






36. Mutual Fund






37. Boiler Room






38. FATF Recommendation 36






39. 'Closed-end Mutual Fund' (Or Comany)






40. What were recently identified as Emerging Money Laundering risks?






41. FATF Recommendation 37






42. Investment Adviser






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






44. GAFISUD






45. FATF Recommendation 22






46. FATF Recommendation 28






47. What does the principal US money laundering law look for before implementing its 'Extraterritorial Reach'?






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






49. Where is the Art Loss Register found?






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