ACAMS CAMS - Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition)
When deciding on the frequency of periodic customer due diligence (CDD) refresh, firms should foremost consider the:
A financial crimes risk appetite statement describes:
An AML compliance officer is drafting plans to address deficiencies identified in an independent audit.
Which approach is the best option?
Which money laundering risks are posed by the misuse of trust and asset management services? (Select Three.)
A sound AML compliance program requires a comprehensive governance framework that addresses key elements to ensure the integrity of the financial system.
Which element forms the starting point of an effective AML compliance program?
Which of the following measures is one that the FATF recommends that Financial Institutions and Designated Non-Financial Businesses and Professions (DNFPB) take to mitigate risks arising from business relationships with foreign politically exposed persons (PEPs)?
Which should be provided to the board of directors or designated specialized committee when preparing suspicious activity reports (SARs)?
When a multinational organization develops its anti-financial crime (AFC) program, what is the most important consideration for ensuring compliance across different jurisdictions?
A bank is using a network analysis tool to identify links between its customers and criminal entities. The system identifies potential indirect relationships but is unable to prioritize them. What should the compliance officer do to enhance the tool’s effectiveness?
Which regulation permits financial institutions, upon providing notice to the US Department of the Treasury, to share information with one another in order to identify and report activities that may involve money laundering or terrorist activity to the federal government?
