CAMS Exam Dumps | A European Union (EU) bank has a correspondent banking relationship with a U.S. bank. Under USA PATRIOT

<< Prev Question Next Question >>

Question 199/332

A European Union (EU) bank has a correspondent banking relationship with a U.S. bank. Under USA PATRIOT Act Section 311, the U.S. government has enacted special measures against a designated entity that has a payable-through account with the EU bank. Which of the following actions might the U.S. bank be required to take regarding the EU bank's services for the designated entity?

A. Perform enhanced due diligence on the EU bank.

B. Obtain additional information about customers permitted to use this account.

C. Verify that the EU bank serves the designated entity.

D. Ensure the designated entity's confidential information is not shared with other entities.

Question List (332q): 1 commentQuestion 1: A customer has held an account at a local credit institution...; 1 commentQuestion 2: What is the main role of the Egmont Group in combating money...; Question 3: Financial institutions (FIs) perform AML risk assessments to...; Question 4: A non-US bank is implementing a sanctions compliance program...; 1 commentQuestion 5: How can a 'free-look provision' as part of a life insurance ...; Question 6: An anti-money laundering specialist working at a bank just r...; Question 7: Your company has 1,000 AI developers who are responsible for...; 1 commentQuestion 8: According to the FATF Special Recommendation VII, cross-bord...; Question 9: An account officer who maintains an excellent relationship w...; Question 10: A banker in the credit department wants to assess the risk o...; Question 11: Which statement about a multinational institution's ability ...; Question 12: Which safeguard is in place for Financial Intelligence Units...; Question 13: Bank A is located in Country A. A wire transfer from Bank B ...; Question 14: Which customer transaction with a securities dealer would in...; Question 15: A new AML Officer for a US-based money service business (MSB...; Question 16: The bank's internal financial intelligence unit (FIU) has re...; Question 17: In 2004, Consolidated KYC Risk Management was issued by the ...; Question 18: What does the Egmont Group's support for its members include...; Question 19: A quarterly review is conducted on a retail customer's accou...; Question 20: Financial Action Task Force (FATF)-style regional bodies are...; Question 21: Which three methods are commonly used by an accountant to la...; Question 22: Which three definitions of money laundering are included in ...; Question 23: In the summer, an institution identifies anti-money launderi...; Question 24: What are two requirements with respect to supporting documen...; Question 25: A bank teller receives a written request from a police offic...; Question 26: A quarterly review is conducted on a retail customers accoun...; Question 27: A compliance officer learns from an Information Technology (...; Question 28: A compliance officer at a small local bank reads in the news...; Question 29: Which statement about U.S. Specified Unlawful Activities (SU...; Question 30: Which is a key goal of EU Directives on money laundering?...; Question 31: With which of the following should an anti-money laundering ...; Question 32: Outgoing foreign transactions of similar amounts trigger a m...; Question 33: To guard against acquisition or control of a financial insti...; Question 34: What are two legal risks of having inadequate privacy polici...; Question 35: A financial institution's monitoring system triggers an aler...; Question 36: Which scenario should be escalated as potentially suspicious...; Question 37: Following a recent exercise which explained how a correspond...; Question 38: What is one of the indicia of a Black Market Peso Exchange?...; Question 39: Which requirement is included in the Fourth European Union D...; Question 40: What do Financial Action Task Force (FATF)-style regional bo...; Question 41: Which two methods have terrorist groups used to diversify th...; Question 42: The branch manager notices that a number of customers come i...; Question 43: What does designing a country as being of "prime money laund...; Question 44: An anti-money laundering analyst is reviewing a new customer...; Question 45: A financial institution recently purchased anti-money launde...; Question 46: Which of the following is among the Financial Action Task Fo...; Question 47: Which statement identifies one of the duties of a government...; Question 48: You have thousands of images that contain text. You need to ...; Question 49: A well-developed anti-money laundering compliance program is...; Question 50: You have an AI application that uses keys in Azure Key Vault...; Question 51: You deploy an infrastructure for a big data workload. You ne...; Question 52: Which of the following provides anti-money laundering specia...; Question 53: What are three potential issues for foreign financial instit...; Question 54: In addition to monitoring for suspicious activity, what are ...; Question 55: In relationship to life insurance business, the third Europe...; Question 56: Which method is indicative of potential money laundering and...; Question 57: An internal investigation log is primarily intended to:...; Question 58: A compliance officer is looking to update an institutions pr...; Question 59: A compliance officer provides an overview of the bank's anti...; Question 60: What should senior management do in order to promote a cultu...; Question 61: What does designing a country as being of "prime money laund...; Question 62: Which safeguard is in place for Financial Intelligence Units...; Question 63: Upon filing a suspicious transaction report, which of the fo...; Question 64: What are three risk factors a financial institution should e...; Question 65: Which is an objective of the Financial Action Task Force (FA...; Question 66: A commission regotorie would be used in which gateway to obt...; Question 67: A company service provider in Country A sets up a corporate ...; Question 68: Which of the following provides anti-money laundering specia...; Question 69: An offshore company is owned by four equal partners that res...; Question 70: Which measure to mitigate risk does the Basel Committee's Cu...; Question 71: You are designing an AI solution in Azure that will perform ...; Question 72: Which actions are involved when a prosecutor instructs a ban...; Question 73: The bank's Compliance Officer is tasked with designing stand...; Question 74: Which two aspects of precious metals pose the highest risk o...; Question 75: What was the topic the Wolfsburg Group's first guidance addr...; Question 76: What do Financial Action Task Force (FATF)-style regional bo...; Question 77: Can trading in antiques be useful for money laundering?...; Question 78: What is operational risk?; Question 79: You need to build a solution to monitor Twitter. The solutio...; Question 80: A compliance officer at a large financial institution has be...; Question 81: According to the Financial Action Task Force 40 Recommendati...; Question 82: Which situations would require a financial institution (FI) ...; Question 83: In general, what is an element that a financial institution ...; Question 84: Which information must a United States financial institution...; Question 85: In May 2002, the Wolfsberg Principles on Private Banking wer...; Question 86: What is a method of placement that can be used by a money la...; Question 87: A customer comes into the bank and appears to be ill-at-ease...; Question 88: Which of the following customer activities poses the highest...; Question 89: Which statement is true regarding the Financial Action Task ...; Question 90: A compliance officer is looking to update an institution's p...; Question 91: Which statement best describes a key aspect of the AML Direc...; Question 92: The Wolfsberg Anti-Money Laundering Principles for Private B...; Question 93: As a result of an audit, a policy exception was identified t...; Question 94: What are the regulatory risks to a bank employee who willful...; Question 95: When an institution conducts an internal investigation into ...; Question 96: Which information must a United States financial institution...; Question 97: An anti-money laundering consultant audits a bank's current ...; Question 98: A bank located in Arizona is considering a loan application ...; Question 99: On who does the ultimate responsibility for an institution's...; Question 100: A customer has held an account at a local credit institution...; Question 101: An anti-money laundering specialist at a large institution i...; Question 102: Which action should financial institutions with cross border...; Question 103: A key element required to ensure an anti-money laundering co...; Question 104: Which three should real estate agents include in the criteri...; Question 105: An account officer who maintains an excellent relationship w...; Question 106: A compliance officer was recently reviewing transactional da...; Question 107: A profitable commercial customer who operates an import-expo...; Question 108: What is the goal of the Egmont Group in providing a forum fo...; Question 109: In many jurisdictions, financial institutions are prohibited...; Question 110: What are three factors a financial institution should examin...; Question 111: In the FATF 40 recommendations, the focus of AML efforts has...; Question 112: A compliance officer is conducting a review of the automated...; Question 113: An institution receives a request for credit from a local co...; Question 114: Which three statements are true regarding the extraterritori...; Question 115: In order to protect investigative materials from disclosure ...; Question 116: A compliance analyst is reviewing the account activity of a ...; Question 117: Which of the following best describes the Black Market Peso ...; Question 118: A bank maintains a number of United States (U.S.) dollar cor...; Question 119: Which three areas do FATF's 40 recommendations cover? Choose...; Question 120: Note: This question is part of a series of questions that pr...; Question 121: When should the anti-money laundering risk assessment be upd...; Question 122: How should a financial institution deter money laundering th...; Question 123: A company service provider in Country A sets up a corporate ...; Question 124: Which three do the Office of Foreign Asset Control regulatio...; Question 125: Which statement is true according to the FATF?...; Question 126: Which situation is the highest risk for money laundering and...; Question 127: What national agency is responsible for analyzing and assess...; Question 128: What describes the Black Market Peso Exchange money launderi...; Question 129: What are two sources for maintaining up-to-date sanctions in...; Question 130: According to the Second European Union Money Laundering Dire...; Question 131: When performing a risk assessment, which factors should be c...; Question 132: A remittance company received a money order from a senior po...; Question 133: What was the topic the Wolfsberg Group's first guidance addr...; Question 134: Which is a key goal of EU Directives on money laundering?...; Question 135: Why do governments and multi-national bodies impose economic...; Question 136: Which payment method for purchasing luxury items is a red fl...; Question 137: What is most valuable when using the internet as an investig...; Question 138: In which two ways does a government Financial Intelligence U...; Question 139: A financial institution opens a mortgage loan for a customer...; Question 140: Which are the two most common controls a financial instituti...; Question 141: How do payable through accounts (PTAs) differ from normal fo...; Question 142: In relationship to life insurance business, the third Europe...; Question 143: What is the primary action a financial institution should ta...; Question 144: A bank is preparing for its anti-money laundering independen...; Question 145: Which response represents a high-level principle for FATF-St...; Question 146: Which activity would require an update to the first line tra...; Question 147: What should countries do to help prevent non-profit organiza...; Question 148: An audit completed the previous week revealed that a private...; Question 149: In some instances, a financial institution may receive a war...; Question 150: A compliance officer receives a report from the institution'...; Question 151: You have Azure IoT Edge devices that collect measurements ev...; Question 152: What are three factors a financial institution should examin...; Question 153: Since its last regulatory examination, a financial instituti...; Question 154: A bank employee reviews wire transactions looking for indica...; Question 155: The Egmont Group is a worldwide organization of...; Question 156: In the FATF 40 recommendations, the focus of AML efforts has...; Question 157: Based on studies executed by the Organization for Economic C...; Question 158: Which red flags should be considered prior to establishing a...; Question 159: When must a United States (U.S.) bank block or reject an int...; Question 160: An oil exploration company based in France does business wit...; Question 161: Why can terrorist financing be very difficult to identify?...; Question 162: A U.K. real estate agent has three foreign clients intereste...; Question 163: An anti-money laundering specialist at a financial instituti...; Question 164: Since its last regulatory examination, a financial instituti...; Question 165: Which methods are typically used to launder money using insu...; Question 166: One of the red flags of microstructuring is:...; Question 167: According to the Financial Action Task Force 40 Recommendati...; Question 168: A compliance officer is reviewing transactions related to a ...; Question 169: When should new business products to evaluated for AML conce...; Question 170: Which principles should be included in a FATF-Style Regional...; Question 171: Which statement about U.S. Specified Unlawful Activities (SU...; Question 172: Which is the main objective when a financial institution (FI...; Question 173: An anti-money laundering specialist has been hired by an ind...; Question 174: What is a key element required to ensure an anti-money laund...; Question 175: A corporate services provider in a European Union (EU) count...; Question 176: An internal review of anti-money laundering training documen...; Question 177: How do payable through accounts (PTAs) differ from normal fo...; Question 178: Pursuant to the Third European Union Money Laundering Direct...; Question 179: When creating an anti-money laundering program for a foreign...; Question 180: The purpose of an anti-money laundering program should be to...; Question 181: Bank A is a non-United States (U.S.) bank that has $5 millio...; Question 182: The Board of Directors and the senior management of a financ...; Question 183: A compliance officer provides an overview of the bank's anti...; Question 184: What should law enforcement provide when asking an instituti...; Question 185: Under the USA PATRIOT Act, in which scenario would the US no...; Question 186: Which of the following is the most common risk with a Person...; Question 187: A financial institution receives a regulatory enforcement ac...; Question 188: A Money Laundering Reporting Officer's (MLRO) lack of action...; Question 189: What action should a bank CEO's assistant take when the bank...; Question 190: Upon a routine account review a money laundering investigato...; Question 191: An anti-money laundering specialist at a large institution i...; Question 192: A bank is preparing for its anti-money laundering independen...; Question 193: What are some red flags pertaining to potentially suspicious...; Question 194: During the course of work on behalf of a client, a lawyer pa...; Question 195: How can dealers in high-value items be at risk for money lau...; Question 196: Historically, a tour guide has made monthly cash deposits av...; Question 197: To ensure that an institution's anti-money laundering progra...; Question 198: Which method to launder money through deposit-taking institu...; Question 199: A European Union (EU) bank has a correspondent banking relat...; Question 200: According to the Financial Crimes Enforcement Network, after...; Question 201: What is a key element required to ensure an anti-money laund...; Question 202: The compliance officer for a bank is reviewing on-boarding d...; Question 203: Who meets the standard to perform the AML audit? (Select Two...; Question 204: Which are key objectives of the Egmont Group? (Select Two.)...; Question 205: What does the Basel Committee's Customer Due Diligence for B...; Question 206: Which should authorities do to safeguard AML information exc...; Question 207: The marketing department presents a business plan targeting ...; Question 208: An anti-money laundering specialist notes a significant redu...; Question 209: In the summer, an institution identifies anti-money launderi...; Question 210: A popular restaurant in town has begun depositing less cash ...; Question 211: What should law enforcement provide when asking an instituti...; Question 212: In which three situations is correspondent banking most vuln...; Question 213: Which should be provided to the board of directors or design...; Question 214: What is a key objective of the Egmont Group?...; Question 215: Which product is considered to be of highest money launderin...; Question 216: How does the Egmont Group assist financial intelligence unit...; Question 217: Following a recent exercise which explained how a correspond...; Question 218: One key aspect of the Office of Foreign Assets Control's ext...; Question 219: Which three stages of money laundering are on-line banking v...; Question 220: In addition to monitoring for suspicious activity, what are ...; Question 221: Which action should financial institutions with cross border...; Question 222: When should the anti-money laundering risk assessment be upd...; Question 223: The marketing department presents a business plan targeting ...; Question 224: A government has instituted new anti-money laundering laws w...; Question 225: To ensure that an institution's anti-money laundering progra...; Question 226: An anti-money laundering specialist has just developed and i...; Question 227: Which product type is subject to US extra jurisdictional rea...; Question 228: A client is a wholesale auto business that operates as a use...; Question 229: When an institution files an STR with regard to a particular...; Question 230: A junior account manager within an international private ban...; Question 231: A quarterly review is conducted on a retail customer's accou...; Question 232: Which is true about Financial Action Task Force (FATF)-Style...; Question 233: You are designing a solution that will use the Azure Content...; Question 234: A bank receives an anonymous tip from an employee about anot...; Question 235: Which is the first valid step in the Mutual Legal Assistance...; Question 236: A startup virtual currency exchange has registered as a mone...; Question 237: A bank located in Arizona is considering a loan application ...; Question 238: Which three measures are contained in Financial Action Task ...; Question 239: A retail bank has just acquired a credit card business. The ...; Question 240: Why do government entities around the world believe that a r...; Question 241: A compliance officer is looking to modify procedures coverin...; Question 242: An institution is about to release a new peer to peer (P2P) ...; Question 243: What is the appropriate compliance control for identifying p...; Question 244: The branch manager calls the compliance officer and informs ...; Question 245: Which statement is true about when an institute becomes awar...; Question 246: You are designing an AI solution that will provide feedback ...; Question 247: Which measure to mitigate risk does the Basel Committee's Cu...; Question 248: Which are the two most common controls a financial instituti...; Question 249: Note: This question is part of a series of questions that pr...; Question 250: The AML compliance officer of a financial institution (Fl) h...; Question 251: Bank A is located in Country A. A wire transfer from Bank B ...; Question 252: The USA PATRIOT Act requires United States (U.S.) financial ...; Question 253: According to the Financial Action Task Force 40 Recommendati...; Question 254: A compliance analyst is reviewing recent activity between a ...; Question 255: A client opens a bank account for a multi-level marketing co...; Question 256: An anti-money laundering specialist has been asked to create...; Question 257: You are developing an application that will perform optical ...; Question 258: What are two requirements for monitoring and reporting suspi...; Question 259: Which of the following competent authorities should directly...; Question 260: An institution receives a request for credit from a local co...; Question 261: The anti-money laundering compliance officer for a small mon...; Question 262: What are two purposes of the USA PATRIOT Act? (Choose two.)...; Question 263: What are some of the methods for sharing information and coo...; Question 264: The bank's Compliance Officer is tasked with designing stand...; Question 265: What is the main role of the Egmont Group in combating money...; Question 266: Which method do terrorist financiers use to move funds witho...; Question 267: A bank receives a wire transfer that references the sale of ...; Question 268: A financial institution accepts new on-line customers. After...; Question 269: A United States (U.S.) bank was recently alerted by law enfo...; Question 270: A large cash deposit most likely reflects money laundering w...; Question 271: An anti-money laundering expert is hired by a new Internet b...; Question 272: Financial Action Task Force (FATF)-style regional bodies are...; Question 273: Which three characteristics make non-profit organizations vu...; Question 274: What describes the Black Market Peso Exchange money launderi...; Question 275: What might limit a compliance officer's ability to respond t...; Question 276: A U.K. real estate agent has three foreign clients intereste...; Question 277: Which action should countries take related to the financing ...; Question 278: Who has the ultimate responsibility within a bank for ensuri...; Question 279: According to the 5th EU Money Laundering Directive, member s...; Question 280: You plan to implement a new data warehouse for a planned AI ...; Question 281: You are designing an AI solution that will analyze millions ...; Question 282: In performing a risk analysis, which factor(s) should a fina...; Question 283: Which method most likely indicates the placement stage of la...; Question 284: Which of the following is the financial stage of money laund...; Question 285: Which three methods are commonly used by an accountant to la...; Question 286: Which event occurs most frequently in money laundering in th...; Question 287: Bank A is a non-United States (U.S.) bank that has $5 millio...; Question 288: Which are primary purposes of Financial Action Task Force {F...; Question 289: Which method most likely indicates the placement stage of la...; Question 290: Which three circumstances are indicators for defining a cust...; Question 291: A financial institution files a suspicious transaction repor...; Question 292: To ensure that an institution's anti-money laundering progra...; Question 293: An anti-money laundering specialist at a large institution i...; Question 294: What correspondent banking risk factor increases the risk fo...; Question 295: A branch manager for a small community bank has a new custom...; Question 296: A bank's transaction surveillance system triggers an alert f...; Question 297: In 2004, Consolidated KYC Risk Management was issued by the ...; Question 298: Which action should an FIU consider taking when it has infor...; Question 299: The vice president of the foreign correspondent banking depa...; Question 300: In May 2002, the Wolfsberg Principles on Private Banking wer...; Question 301: What are two risks to institutions for violating anti-money ...; Question 302: What is the currency threshold under the European Union Four...; Question 303: You are developing a mobile application that will perform op...; Question 304: Which three procedures should a compliance officer looking t...; Question 305: What is the appropriate compliance control for identifying p...; Question 306: How should law enforcement obtain documentation from an inst...; Question 307: Which precaution will a money launderer take to avoid detect...; Question 308: What is a major economic consequence of money laundering thr...; Question 309: A compliance officer at a small local bank reads in the news...; Question 310: What should a compliance officer do during an ongoing invest...; Question 311: An existing customer at a bank has recently expanded its ser...; Question 312: Which principles should be included in a FATF-Style Regional...; Question 313: You plan to deploy two AI applications named AI1 and AI2. Th...; Question 314: Which two aspects of the security broker dealer industry inc...; Question 315: A comprehensive set of risk-based guidelines for maintaining...; Question 316: On what basis are international sanctions imposed against en...; Question 317: Which of the following activities conducted at a financial i...; Question 318: A U.K. real estate agent has three foreign clients intereste...; Question 319: A bank employee reviews wire transactions looking for indica...; Question 320: The compliance officer for a private bank has been tasked wi...; Question 321: According to the Basel Committee on Banking Supervision stan...; Question 322: Which two individuals are ordinarily beneficial owners of a ...; Question 323: A compliance officer of a financial institution is reviewing...; Question 324: A compliance officer at a financial institution (FI) receive...; Question 325: How should a compliance officer respond to law enforcement a...; Question 326: A potential client calls a broker-dealer wishing to purchase...; Question 327: In which situation can money laundering adversely affect a c...; Question 328: A financial institution (FI) is being investigated for possi...; Question 329: A close relative of a privately-owned bank's senior manager ...; Question 330: Why do governments and multi-national bodies impose economic...; Question 331: Which are social/economic consequences of money laundering? ...; Question 332: An account officer who maintains an excellent relationship w...

Question 199/332

LEAVE A REPLY

Download PDF File