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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. How is 'Identity theft' often accomplished?






2. Underwriting






3. What does FIU do beyond what FIU does?


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


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






6. FATF Recommendation 15






7. Penny Stocks






8. What do 'Hedge Funds' attempt to do?






9. 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?






10. What is the Federal Service for Financial Monitoring?






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






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






13. Examples of White-collar crime






14. Express Trust






15. US law prohibhits Foriegn Shell Banks from ____?






16. FATF Sepcial Recommendation on Terrorist Financing -- SR Three






17. FATF Recommendation 38






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






19. How do most governments view Private Banking?






20. FATF Recommendation 16






21. FATF Recommendations examples of non-financial businesses and professions






22. 'Kiting' via credit card






23. What do boiler room salespeople typically do?


24. Derivatives






25. FATF Recommendation 2






26. EAG






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. Apostille


29. Mutual Fund






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






31. The IMF estimates that laundered funds compromise ______ of the world's GDP






32. The Vienns Convention






33. (Credit Card) Issuing Bank






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






35. Three stages of money laundering






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






37. GAFISUD






38. What is the aim of Joint Money Laundering Steering Group? (UK)






39. What does theInternationa Narcotics Control Strategy Report (INCSR) entail?






40. FATF Recommendation 37






41. What can result from on institution's disregard for the Basel Due Diligence Principle?






42. What is the Wolfsberg group?






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






44. FATF Recommendation 10






45. Example of use of an Apostille






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






47. Investigative Log






48. Commodity






49. What is the goal of the Egmont group?


50. Affidavit