[Jan-2022] CAMS Dumps are Available for Instant Access using VCE4Dumps
CAMS Dumps 2022 - New ACAMS CAMS Exam Questions
Difficulty in writing CAMS Exam
This exam is very difficult especially for those who have not a securities compliance or regulatory background and don’t know how to handle AML investigations, money laundering schemes, various international AML regulations and setting up an AML compliance program. Candidates can only get good grades in the CAMS exam by dedication, hard work, and most accurate preparation material. There are many online platforms which are providing CAMS exam preparation material but they are not verified by experts. So, candidates have to choose a platform which gives them the best and authentic CAMS dumps which can make a good impact on your final result. There are many people rely on such kind of platforms but in the end, they are mostly getting poor grades. Candidates don’t have to worry about this as VCE4Dumps is only one of the best platform that provides the best CAMS preparation material. Our CAMS dumps consist of all the topics and the questions that will be asked in the real exam and the best part is that we provide CAMS dumps in PDF format that you can easily read it offline on smartphones and other electronic accessories such as laptops, desktops, and tablets. VCE4Dumps also contain braindumps which will be really helpful in making notes.
NEW QUESTION 156
Which location provides a law enforcement investigator the best opportunity for a productive investigative interview of a suspect?
- A. An interview room in the offices of a law enforcement agency
- B. The residence of the suspect
- C. A neutral location such as a coffee shop or restaurant
- D. The office or work location of the suspect
Answer: A
NEW QUESTION 157
When and how should an institution appraise the AML risk of a newly developed product? Choose 3 answers
- A. The institution should request the Compliance Officer to review and evaluate the AML risk prior to the product going live
- B. The institution should evaluated where, how and to what extent the product is going to be used
- C. The institution should roll the product out on a preliminary basis to determine what risks develop with regard to the product
- D. The institution should review previous administrative actions to determine if the product has created problems for other institutions
Answer: A,B,C
NEW QUESTION 158
An alert has been triggered by a monitoring system and an investigation has been opened. The activity involves significant and multiple cash deposits into a personal account and transferring funds to an offshore bank on the same day. Further investigation reveals this personal account had experienced low levels of activity for the past 6 months and funds are transferred to the account of a charitable organization. Which of the following is the next step that the Compliance Officer should take?
- A. Prohibit further transactions with the charitable organization.
- B. Conduct enhanced due diligence on the charity's trustees.
- C. File a suspicious transaction report with the competent authority.
- D. Place the charitable organization on the bank's internal "watchlist."
Answer: C
NEW QUESTION 159
According to the Financial Action Task Force 40 Recommendations, Designated Non-Financial Businesses and Professionals include which entities?
- A. Money services businesses
- B. Hawala operators
- C. Real estate agents
- D. Commodities traders
Answer: C
Explanation:
Explanation/Reference: http://www.fatf-gafi.org/media/fatf/documents/recommendations/pdfs/FATF%20Recommendations
%20(approved%20February%202012)%20reprint%20May%202012%20web%20version.pdf (page 19, DNFBPs: customer due diligence, bulleted point (b))
NEW QUESTION 160
What are two purposes of the USA PATRIOT Act? (Choose two.)
- A. To administer and enforce economic and trade sanctions based on United States foreign policy and national security goals against targeted foreign countries and regimes, terrorists, and international narcotics traffickers
- B. To subject to special scrutiny foreign jurisdictions, foreign financial institutions, and classes of international transactions or types of accounts that are susceptible to criminal abuse
- C. To set standards and promote effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system
- D. To strengthen United States' measures to prevent, detect, and prosecute international money laundering and financing of terrorism
Answer: B,D
NEW QUESTION 161
Which method is used to launder money in casinos?
- A. Purchase chips with cash and redeem for cash
- B. Purchase chips with cash and redeem for a check
- C. Purchase chips with cash and sell to another person for cash
- D. Purchase chips with cash and play at a table
Answer: B
NEW QUESTION 162
Which three are the most commonly used risk criteria?
- A. Country Risk
- B. Customer Risk
- C. Reputation Risk
- D. Product and Service Risk
Answer: A,B,D
NEW QUESTION 163
To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require?
- A. Comprehensive compliance programs
- B. Prospective owners have prior experience in the area of finance
- C. Thorough due diligence on prospective owners
- D. Adequate surety bonds, cash deposits, or equivalencies
Answer: C
NEW QUESTION 164
A politically exposed person (PEP) maintains an account at a bank. Last month a money laundering analyst filed a suspicious transaction report about unusual wire deposits originated by unknown individuals in the home country of the official.
To whom should this situation be escalated?
- A. The line of business executive
- B. The bank's anti-money laundering officer
- C. The board of directors
- D. The Financial Action Task Force's PEP Hotline
Answer: B
NEW QUESTION 165
When the minimum CDD standards of the home and host countries differ, the offices in the host countries should follow which requirements?
- A. The higher standard of the two
- B. The CDD standards required by the home country
- C. The minimum required
- D. Local rules and regulations
Answer: A
NEW QUESTION 166
Which method do terrorist financiers use to move funds without leaving an audit trail?
- A. Cash couriers
- B. Casa de cambio
- C. Virtual currency
- D. Extortion
Answer: A
NEW QUESTION 167
In reviewing recent activity, a compliance officer for a money transmitter that several customers are each remitting the same amount of money but much more frequently.
How should the institution respond?
- A. Instruct the tellers not to process remittances for these customers in the future
- B. File a suspicious transaction report
- C. Immediately contact the customers and ask them why they are remitting money more often
- D. Conduct further investigation to determine whether this is truly suspicious activity
Answer: D
NEW QUESTION 168
The anti-money laundering specialist of a small bank has identified suspicious activity at a branch located in an area of town where drug dealers are known to operate. An investigation of this activity discloses that the suspicious transactions occurred within the last 3 months and were processed by the same teller (cashier). The teller (cashier) did not file an internal report of unusual activity on these transactions. When checking personnel files, the specialist finds that the teller (cashier) has been a trusted employee for over 15 years, has an impeccable work record, and has participated in several anti-money laundering training sessions. The specialist recently became aware that the employee's daughter has contracted a rare disease and is undergoing a very expensive treatment program. Regarding the teller's (cashier's) failure to report the unusual activity to the institution, the specialist should recommend
- A. Refreshing anti-money laundering training for the teller (cashier).
- B. Directing the teller (cashier) to file a suspicious transaction report.
- C. Continuing to monitor the accounts.
- D. Suspending the teller's (cashier's) employment.
Answer: B
NEW QUESTION 169
A bank provides trade financing for a company whose primary export is steel.
Which action by the company indicates possible money laundering?
- A. The company regularly understates the value of goods exported.
- B. The company often deals with foreign currency exchanges.
- C. The company frequently sells above or below its competitors' price.
- D. The company frequently transfers funds to other bank accounts located in other jurisdictions.
Answer: D
Explanation:
Explanation
NEW QUESTION 170
Which step should be taken to understand the types of financial institutions to whom the services are being offered when a correspondent bank permits "nested" relationships according to the Wolfsberg Group?
- A. Evaluate the distribution of downstream correspondents and identify any direct or indirect issues
- B. Understand the type and volume of accounts serviced
- C. Review peer-group clients by risk category
- D. Obtain independent audits or examination reports for "nested" relationships to determine risk levels
Answer: A
NEW QUESTION 171
What describes the Black Market Peso Exchange money laundering method?
- A. A method used to smuggle dollars or pesos across that border from the U.S. to Mexico, and vice versa
- B. An undercover technique to identify politically exposed persons who may assist money launderers
- C. A method primarily used by narcotics traffickers to transfer value back to the source country
- D. The best known money laundering method used by known terrorists
Answer: C
NEW QUESTION 172
Which of the following activities conducted at a financial institution is the strongest example of avoiding reporting thresholds?
- A. Conducting small cash transactions at multiple locations during the same day.
- B. Establishing both a personal and business account and depositing cash in both.
- C. Performing transactions by check (cheque) or other payment instrument.
- D. Making small cash deposits over the course of a week.
Answer: A
NEW QUESTION 173
CORRECT TEXT
According to the Financial Action Task Force 40 Recommendations, simplified customer due diligence or reduced measures could be acceptable for which of the following types of products or transactions?
1.Life insurance policies where the annual premium is no more than USD/EUR 1,000 or a single premium of no more than USD/EUR 2,500.
2.Insurance policies for pension schemes if there is no surrender clause and the policy cannot be used as collateral.
3.A ptfiisiui i Ll idL pr uviJcfb lelir emei it bei lefils Lu employees.
4.Trusts where the settlor, trustee and beneficiaries are identified and the shares are in bearer form.
- A. 1, 2, and 3 only
- B. 1, 2, and 4 only
- C. 1, 3, and 4 only
- D. 2, 3, and 4 only
Answer: B
NEW QUESTION 174
An AML compliance officer receives notice of government update including the names of the latest terrorists sanctioned by the United Nations Security Council. Which would be the most appropriate step to take?
- A. Update training information to include the latest names
- B. Notify the Board of Directors
- C. Inform the customers that their funds will be frozen
- D. Update the monitoring software containing sanctioned persons
Answer: D
NEW QUESTION 175
You have thousands of images that contain text.
You need to process the text from the images to a machine-readable character stream.
Which Azure Cognitive Services service should you use?
- A. Translator Text
- B. Computer Vision
- C. Text Analytics
- D. the Image Moderation API
Answer: B
Explanation:
With Computer Vision you can detect text in an image using optical character recognition (OCR) and extract the recognized words into a machine-readable character stream.
Incorrect Answers:
A: Use Content Moderator's machine-assisted image moderation and human-in-the-loop Review tool to moderate images for adult and racy content. Scan images for text content and extract that text, and detect faces. You can match images against custom lists, and take further action.
Reference:
https://azure.microsoft.com/en-us/services/cognitive-services/computer-vision/
https://docs.microsoft.com/en-us/azure/cognitive-services/content-moderator/image-moderation-api
NEW QUESTION 176
......
ACAMS CAMS Exam Practice Test Questions: https://www.vce4dumps.com/CAMS-valid-torrent.html
Free CAMS Braindumps Download Updated: https://drive.google.com/open?id=1H3fdCrer65CvzpQT703YRmAjlKmF_4xA