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. The Palemo Convention






2. Identification data






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






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






5. Three stages of money laundering






6. FATF Recommendation 23






7. FATF Recommendation 22


8. In Emerging Money Laundering Risks - what 3 areas are associated with 'Contractual Transactions'?






9. FATF Recommendation 25






10. What is the goal of the Egmont group?


11. FATF Recommendation 21






12. The USA Patriot Act enacted a number of statutory provisions that bear directly on the procedures US financial institutions must follow in connection with their...






13. 'Commission Rogatoire' known in English as?






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






15. FATF Recommendation 38






16. FATF Recommendation 17






17. 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.


18. Free Look Period






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






20. FATF Recommendation 16






21. The 'Art Loss Register'


22. FATF Sepcial Recommendation on Terrorist Financing -- SR Four






23. What is a Financial Intelligence Unit?






24. FATF Recommendation 18






25. Express Trust






26. FATF Recommendation 8






27. Investigative Log






28. Cash Equivalent


29. Open System Stored Value Card






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






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






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


33. Abusive Squeezes


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






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






36. FATF Recommendation 6






37. Margin






38. Examples of White-collar crime






39. What is important about the US Money Laundering Control Act (MCLA)?






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






41. What is one of the Financial Service Authority's (UK) tasks?






42. OCC Office of the Comptroller of the Currency






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






44. What does FIU do?






45. SRO (Self-Regulatory Organizations)






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






47. What is one of the cental stragetic tools required for effective action against money laundering?






48. FATF Recommendation 13






49. 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...






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