2025 ACAMS CAMS HIGH HIT-RATE TEST ONLINE

2025 ACAMS CAMS High Hit-Rate Test Online

2025 ACAMS CAMS High Hit-Rate Test Online

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Tags: Test CAMS Online, Certificate CAMS Exam, Vce CAMS Format, CAMS Guaranteed Success, Books CAMS PDF

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ACAMS CAMS (Certified Anti-Money Laundering Specialists) Certification Exam is a globally recognized certification program for professionals seeking to enhance their knowledge and skills in the field of anti-money laundering (AML) and financial crime prevention. Certified Anti-Money Laundering Specialists certification is offered by the Association of Certified Anti-Money Laundering Specialists (ACAMS), a leading international organization dedicated to the advancement of AML and financial crime prevention. The CAMS Certification is highly respected in the industry and is a mark of excellence for professionals working in AML compliance.

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Certificate CAMS Exam, Vce CAMS Format

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ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q435-Q440):

NEW QUESTION # 435
A bank located in New York has identified suspicious transactions at a correspondent bank in ChinA. For one of the international customers, the correspondent bank is not following agreed upon protocols.
Which factor indicates that the bank should terminate the relationship?

  • A. The correspondent bank has recently exceeded acceptable limits in the primary banks' recently developed risk model.
  • B. The compliance officer at the correspondent bank is currently being investigated due to bribery allegations.
  • C. The correspondent bank has opened branches in a country on the Office of Foreign Assets Control list.
  • D. The primary institution has requested transactional details from the correspondent bank to aide in their investigation.

Answer: A


NEW QUESTION # 436
AML training programs should extend beyond basic concepts to deliver targeted training by:

  • A. offering general background and history training pertaining to money laundering controls.
  • B. offering appropriate training tailored to the individual's specific roles, such as alerts for investigators and suspicious activity report writers.
  • C. offering internal policies training, such as customer identification and verification procedures and policies.
  • D. offering periodic refresher training on AML bases (usually annually) for existing employees.

Answer: C

Explanation:
A . Offering internal policies training: This is crucial. Employees need to understand the specific procedures and policies related to customer identification and verification. These internal policies ensure consistency and compliance.
B . Offering general background and history training: While historical context is valuable, it's not the primary focus. AML training should prioritize practical knowledge and current best practices.
C . Offering periodic refresher training: Absolutely! Regular refresher training keeps employees up-to-date with evolving AML regulations and reinforces their understanding.
D . Offering tailored training for specific roles: This is essential. Different roles require different expertise. For example, investigators need to recognize red flags, while report writers must understand how to create effective suspicious activity reports.
Comprehensive Detailed
Internal Policies Training: AML training should cover internal policies thoroughly. This includes customer identification and verification procedures, as well as other relevant policies specific to the organization. Employees need to understand how these policies translate into day-to-day practices.
General Background and History: While historical context can be interesting, it's not the primary focus of AML training. Instead, the emphasis should be on practical knowledge, current best practices, and real-world scenarios.
Periodic Refresher Training: Regular refresher training is essential. AML regulations evolve, and employees need to stay informed. Annual or periodic refreshers reinforce knowledge and ensure compliance.
Tailored Training for Specific Roles: Different roles within an organization have distinct responsibilities related to AML. Tailored training ensures that employees understand their specific duties. For example, investigators need to recognize suspicious patterns, while report writers must know how to create effective reports.
Reference:
Anti-Money Laundering Specialist (the 6th edition) resources.
ACAMS Certification Candidate Handbook
ACFCS AML 360 Certificate Program


NEW QUESTION # 437
A close relative of a privately-owned bank's senior manager requests to open an account. Because of this relationship, the staff expedites the opening of the account without following established account-opening procedures. Applying the Basel Committee on Banking Supervision principles, which of the following poses the highest operational risk?

  • A. Not having appropriate information to share with Financial Intelligence Units.
  • B. The possibility of lawsuits that adversely affect the operations of a bank.
  • C. The bank's exposure to politically exposed persons.
  • D. Failure to conduct proper due diligence.

Answer: A


NEW QUESTION # 438
A long-term client of an insurance company makes changes to a policy that require payment of an additional lump sum. The amount payable is high, though within the client's means based on the KYC information collected. The payment is made via a company in another jurisdiction that is known to have lax AML controls.
Which indicator of suspicious activity is present?

  • A. The payment was made via a company that appears to be owned and controlled by the client being insured.
  • B. The additional premium payable appears to be within the client's means based on the KYC information collected.
  • C. The payment was made via a company in a jurisdiction known to have lax AML controls.
  • D. A long-term client wants a change to a policy that is already in force.

Answer: C

Explanation:
Making payments via a company located in a jurisdiction that is known to have lax anti-money laundering controls is a sign of suspicious activity and should be reported. When making a payment of this nature, the insurance company should be aware of the client's source of funds and the possible risks associated with the transaction.


NEW QUESTION # 439
Which of the following is the most common risk with a Personal or Private Investment Company (PIC)?

  • A. They are almost always owned by politically exposed persons
  • B. They are notpubliclytraded
  • C. They often lacktransparentownership
  • D. They are usually established in financial secrecy havens

Answer: C


NEW QUESTION # 440
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