CAMS Exam Dumps | A bank employee reviews wire transactions looking for indications of wire stripping. Which two actions

Home
ACAMS
Certified Anti-Money Laundering Specialists (the 6th edition)
ACAMS.CAMS.v2022-03-07.q120
Question 31

Valid CAMS Dumps shared by ExamDiscuss.com for Helping Passing CAMS Exam! ExamDiscuss.com now offer the newest CAMS exam dumps, the ExamDiscuss.com CAMS exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com CAMS dumps with Test Engine here:

Access CAMS Dumps Premium Version
(865 Q&As Dumps, 35%OFF Special Discount Code: freecram)

<< Prev Question Next Question >>

Question 31/120

A bank employee reviews wire transactions looking for indications of wire stripping.
Which two actions should the employee take to complete appropriate bank procedures? (Choose two.)

A. Check for suspicious phrases usually used to conceal originator or beneficiary identity

B. Identify wire transaction activity to or from a financial institution located in a higher risk jurisdiction

C. Identify large incoming wire transactions received on behalf of a foreign client with no explicit reason

D. Compare the wire transaction as it enters and after it leaves the bank

Correct Answer: B,C

Recent Comments (The most recent comments are at the top.)

student - May 03, 2022

shouldnt the correct answers be A&C?

Wire stripping- An illegal practice of removing information from wire transfer messages so that the identity of potentially sanctioned countries, entities or individuals is hidden. Stripping could involve: a) a financial institution deleting information from the wire transfer message; b) inserting false information in the wire transfer message; or c) requesting that the transferring institution delete or falsify an incoming transfer message

Your email address will not be published. Required fields are marked *

Comment: *

Name: *

Email: *

Rating: *

Verification: *

Question List (120q): Question 1: Transfers of money over the last 6 months to a corporation i...; Question 2: An anti-money laundering specialist is concerned that severa...; 1 commentQuestion 3: A financial institution files a suspicious transaction repor...; Question 4: What must be materially true regarding transactions for Unit...; 1 commentQuestion 5: A compliance officer is reviewing the activity of the wire t...; Question 6: Which method to launder money through deposit-taking institu...; Question 7: Which factor should a bank consider before sharing informati...; Question 8: A bank's anti-money laundering section receives an anonymous...; Question 9: According to experts, what is the most effective way to prev...; Question 10: What types of things should an institution incorporate in it...; Question 11: An anti-money laundering specialist notes a significant redu...; Question 12: What does the Financial Action Task Force (FATF) urge its me...; Question 13: A commission rogatory would be used in which gateway to obta...; Question 14: A customer brings $15,000 worth of chips into a casino and p...; Question 15: An institution is about to release a new peer to peer (P2P) ...; Question 16: Which of the following is the financial stage of money laund...; 1 commentQuestion 17: A United States (U.S.) bank was recently alerted by law enfo...; Question 18: A foreign politically exposed person (PEP) requests to add a...; Question 19: A bank employee recently opened an account for a new restaur...; Question 20: Which two methods have terrorist groups used to diversify th...; Question 21: A law enforcement agency is reviewing a suspicious transacti...; Question 22: A new accounts representative recently opened an account for...; Question 23: A compliance officer learns from an Information Technology (...; Question 24: The anti-money laundering specialist of a small bank has ide...; Question 25: The ultimate goal of economic sanctions is to:...; 1 commentQuestion 26: A businessman requests a European private bank to open a num...; 1 commentQuestion 27: Which unusual or suspicious activity by a financial institut...; Question 28: The new compliance officer has reviewed the bank's anti-mone...; Question 29: A corporate services provider in a European Union (EU) count...; 1 commentQuestion 30: What is a tool governments and multi-national bodies can use...; 1 commentQuestion 31: A bank employee reviews wire transactions looking for indica...; Question 32: What was the topic the Wolfsberg Group's first guidance addr...; Question 33: Which primary international authoritative body designates sa...; 2 commentQuestion 34: What is the intentional evasion of a reporting or recordkeep...; Question 35: Which action should financial institutions with cross border...; 1 commentQuestion 36: Under which two circumstances may law enforcement be given a...; Question 37: In reviewing recent activity, a compliance officer for a mon...; Question 38: How should a financial institution respond to a verbal reque...; Question 39: Which three circumstances are indicators for defining a cust...; Question 40: What is a method of placement that can be used by a money la...; Question 41: Why do governments and multi-national bodies impose economic...; Question 42: Which step should be taken to understand the types of financ...; Question 43: A remittance company received a money order from a senior po...; Question 44: Which key aspect of the Office of Foreign Assets Control's e...; Question 45: How should a financial institution deter money laundering th...; Question 46: An automotive parts company in South America sends multiple ...; Question 47: A bank sells reloadable open-loop prepaid cards to both cust...; Question 48: An auction house dealing in fine art and antiques sells a we...; Question 49: What is the term for trading through multiple accounts, wher...; Question 50: When an institution files an STR with regard to a particular...; Question 51: Which method is indicative of potential money laundering and...; Question 52: Law enforcement submitted a request to a bank for informatio...; Question 53: A director of a financial institution was convicted of laund...; Question 54: What is a key risk associated with Correspondent Accounts ac...; Question 55: What kind of person should perform the independent testing o...; Question 56: What do the Financial Action Task Force (FATF) mutual evalua...; Question 57: What are two risks to institutions for violating anti-money ...; Question 58: The compliance officer for a private bank has been tasked wi...; Question 59: To what extent should senior management and the Board of Dir...; Question 60: Which action does the Financial Action Task Force (FATF) rec...; Question 61: A bank compliance officer discovers cash deposit activity in...; Question 62: An anti-money laundering analyst is reviewing a new customer...; Question 63: During a law enforcement investigative interview regarding p...; Question 64: When creating an anti-money laundering program for a foreign...; Question 65: The branch manager notices that a number of customers come i...; Question 66: What is an example of the integration stage of money launder...; Question 67: With which of the following should an anti-money laundering ...; Question 68: A customer has held an account at a bank and has lived local...; Question 69: What are two requirements with respect to supporting documen...; Question 70: A high-volume dealer of precious metals and stones in a high...; Question 71: Which three should real estate agents include in the criteri...; Question 72: Which scenario is closest to the definition of money launder...; Question 73: An organization uses an automated surveillance system that g...; Question 74: Which requirement is included in the Fourth European Union D...; Question 75: Which aspect of the USA PATRIOT Act impacts foreign financia...; Question 76: An internal investigation log is primarily intended to:...; Question 77: Why is the Mutual Legal Assistance Treaty (MLAT) a gateway f...; Question 78: Which two factors should increase the risk of a corresponden...; 1 commentQuestion 79: According to the European Union Money Laundering Directives,...; Question 80: Outgoing foreign transactions of similar amounts trigger a m...; Question 81: A startup virtual currency exchange has registered as a mone...; Question 82: The vice president of the foreign correspondent banking depa...; Question 83: Which action should an FIU consider taking when it has infor...; Question 84: Which three areas do FATF's 40 recommendations cover? Choose...; 1 commentQuestion 85: The Basel Committee on Banking Supervision issued a paper in...; Question 86: A banker in the credit department wants to assess the risk o...; Question 87: In establishing procedures for the review of suspicious tran...; Question 88: What are two aspects of the Wolfsberg Anti-Money Laundering ...; Question 89: In which two ways does a government Financial Intelligence U...; Question 90: Which two statements are true regarding the European Union M...; 1 commentQuestion 91: What does the Basel Committee's Customer Due Diligence for B...; Question 92: Which action indicates possible Penza scheme activity?...; Question 93: A money remittance business will most likely attract money l...; Question 94: OFAC-issued regulations apply to which entities? (Choose two...; Question 95: What does the Egmont Group's support for its members include...; Question 96: Under the USA PATRIOT Act, in which scenario would the US no...; 2 commentQuestion 97: What is the primary action a financial institution should ta...; Question 98: According to the Financial Action Task Force 40 Recommendati...; Question 99: The line of business is responsible for creating, implementi...; Question 100: When must a United States (U.S.) bank block or reject an int...; Question 101: Which of the following customers require the most enhanced d...; 1 commentQuestion 102: The USA PATRIOT Act requires United States (U.S.) financial ...; Question 103: When a bank performs a risk assessment, what areas should an...; 1 commentQuestion 104: A financial institution has expanded its scope of services s...; 1 commentQuestion 105: Following a recent exercise which explained how a correspond...; Question 106: An organization's automated surveillance system identifies l...; Question 107: According to the Financial Action Task Force 40 Recommendati...; Question 108: An institution has made the decision to exit a client relati...; Question 109: A compliance officer was recently reviewing transactional da...; Question 110: What was cited by the Wolfsberg Group in its Statement on th...; Question 111: In many jurisdictions, financial institutions are prohibited...; Question 112: Which element is generally required of all anti-money launde...; Question 113: A retail bank has just acquired a credit card business. The ...; Question 114: In the FATF 40 recommendations, the focus of AML efforts has...; Question 115: A bank account is established for a new business customer. T...; Question 116: A suspicious transaction report filed on a car dealer struct...; Question 117: The local manager of a remote mortgage origination departmen...; Question 118: Which two statements in the Wolfsberg Group's "Suppression o...; Question 119: What is an indicator of suspicious activity?...; 1 commentQuestion 120: A European Union (EU) bank has a correspondent banking relat...

[×]

Download PDF File

Enter your email address to download ACAMS.CAMS.v2022-03-07.q120.pdf

Email:

Disclaimer:
Freecram doesn't offer Real GIAC Exam Questions. Freecram doesn't offer Real SAP Exam Questions. Freecram doesn't offer Real (ISC)² Exam Questions. Freecram doesn't offer Real CompTIA Exam Questions. Freecram doesn't offer Real Microsoft Exam Questions.
Oracle and Java are registered trademarks of Oracle and/or its affiliates.
Freecram material do not contain actual actual Oracle Exam Questions or material.
Microsoft®, Azure®, Windows®, Windows Vista®, and the Windows logo are registered trademarks of Microsoft Corporation.
Freecram Materials do not contain actual questions and answers from Cisco's Certification Exams. The brand Cisco is a registered trademark of CISCO, Inc.
CFA Institute does not endorse, promote or warrant the accuracy or quality of these questions. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Freecram does not offer exam dumps or questions from actual exams. We offer learning material and practice tests created by subject matter experts to assist and help learners prepare for those exams. All certification brands used on the website are owned by the respective brand owners. Freecram does not own or claim any ownership on any of the brands.

Question 31/120

Recent Comments (The most recent comments are at the top.)

LEAVE A REPLY

Download PDF File