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. Cash Log

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


2. Convertible Preferred






3. 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?






4. Agent (Insurance Industry)






5. FATF Recommendation 20






6. Corporate Bank

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


7. What does Financial Sector AssessmentProgram (FSAP) do?






8. The Vienns Convention






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


10. SRO (Self-Regulatory Organizations)






11. Downstream Correspondent Clearer






12. FATF Recommendation 19






13. What is the significance of 'Non-Financial Trades and Businesses' in realtion to Money Laundering?






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


15. FCPA (US)






16. FATF Recommendation 38






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






18. (Credit card) Acquiring Bank






19. Abusive Squeezes

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


20. Money Mules






21. Example of use of an Apostille






22. Commodity Trading Advisor






23. FATF Recommendation 18






24. Why is 'refining' critical to a money launderer's efforts?






25. 'Competent Authorities' refers to _____.






26. What is the primary use of a 'Mutual Legal Assistance Treaty'?






27. Boiler Room






28. Respondent Bank

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


29. 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.

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


30. FATF Recommendation 3






31. FATF Recommendation 33






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






33. How is 'Identity theft' often accomplished?






34. Commodity






35. FATF Recommendation 26






36. Penny Stocks






37. 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






38. FATF Recommendation 5






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

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


40. FATF Recommendation 27






41. Behaviour detection

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


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






43. What does FIU do beyond what FIU does?

Warning: Invalid argument supplied for foreach() in /var/www/html/basicversity.com/show_quiz.php on line 183


44. What was the target of UN Security Council Resolution 1267?






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






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






47. FATF Recommendation 37






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






49. MENAFATF






50. Bust-out







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:



Major Subjects



Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Most popular tests