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. FATF Recommendation 30






2. Dematerialization of Securities


3. What criterion does the US need to enforce its 'Extraterritorial Reach'?


4. FATF Recommendation 33






5. Convertible Bond






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






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






8. Examples of White-collar crime






9. FATF Recommendation 28






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






11. FATF Recommendation 6






12. Fraud






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






14. FATF Recommendation 37






15. Abusive Squeezes


16. How is 'Identity theft' often accomplished?






17. How do most governments view Private Banking?






18. Dormant Account






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






20. The Palemo Convention






21. FATF Recommendation 11






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






23. The Vienns Convention






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






25. FATF Recommendation 13






26. How does 'Product Diversion' work?






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. GIABA






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






30. FATF's designated transactional threshold for Financial Insitutions is _____.






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






32. Agent (Insurance Industry)






33. SRO (Self-Regulatory Organizations)






34. FATF Recommendation 5






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






36. FATF Recommendation 17






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






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






39. 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?






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






41. Portfolio Manager






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






43. Downstream Correspondent Clearer






44. Why is a 'money order' attractive to a money launderer?






45. Automated Sale






46. In Emerging Money Laundering Risks - what 3 methods are identified as 'Funds Transfers'?






47. Vital Service Providers (VSPs)






48. FATF Recommendation 10






49. FATF Recommendation 4






50. FATF Recommendation 20