CAMS Exam Dumps | When must a United States (U.S.) bank block or reject an international funds transfer when there is an

<< Prev Question Next Question >>

Question 210/263

When must a United States (U.S.) bank block or reject an international funds transfer when there is an Office of Foreign Assets Control designated party to the transaction?

A. Only if the U.S. bank is involved in the funds transfer

B. Only if a U.S. person or entity is the ultimate beneficiary

C. Only if a non-U.S. person or entity is the ultimate beneficiary

D. Only if the U.S. bank's correspondent informs it of the involvement of the designated party

Question List (263q): Question 1: In which two ways does a government Financial Intelligence U...; Question 2: A close relative of a privately-owned bank's senior manager ...; Question 3: The Office of Foreign Assets Control requirements have an ex...; Question 4: What are the rules imposed by the Office of Foreign Assets C...; Question 5: What kind of person should perform the independent testing o...; Question 6: Which action should a financial institution take when it rec...; Question 7: When performing a risk assessment, which factors should be c...; Question 8: A bank sells reloadable open-loop prepaid cards to both cust...; Question 9: According to the Basel Committee on Banking Supervision, ban...; Question 10: A non-U.S. bank wants to open an account at Bank A, which is...; Question 11: A compliance officer provides an overview of the bank's anti...; Question 12: An anti-money laundering analyst is reviewing a new customer...; Question 13: A foreign bank operating under an offshore license wants to ...; Question 14: An institution receives a request for credit from a local co...; Question 15: Typical events to identify and investigate potential AML act...; Question 16: Which is a key aspect of the first EU Directive on Money Lau...; Question 17: What does the Egmont Group's support for its members include...; Question 18: A compliance officer identifies a potentially significant ri...; Question 19: Since its last regulatory examination, a financial instituti...; Question 20: According to experts, what is the most effective way to prev...; Question 21: Which action should an FIU consider taking when it has infor...; Question 22: A compliance officer of a financial institution is reviewing...; Question 23: The Head of Compliance was informed by external auditors of ...; Question 24: Which two aspects of precious metals pose the highest risk o...; Question 25: A senior government official is trying to open an account in...; Question 26: The findings of an internal audit discover that a large grou...; Question 27: Based on studies executed by the Organization for Economic C...; Question 28: Money laundering can cause which consequences for a financia...; Question 29: Which two channels can be utilized during a cross-border mon...; Question 30: Which three stages of money laundering are on-line banking v...; Question 31: A bank provides trade financing for a company whose primary ...; Question 32: A customer has held an account at a local credit institution...; Question 33: A client who owns a swimming pool company requests to open 1...; Question 34: In its paper. Customer Due Diligence for Banks, the Basel Co...; Question 35: What action does the USA PATRIOT Act allow the US government...; Question 36: A customer of a bank is an established art dealer. Within th...; Question 37: When a financial institution is requested to provide data an...; Question 38: A bank maintains a number of United States (U.S.) dollar cor...; Question 39: Which two methods have terrorist groups used to diversify th...; Question 40: What is an aspect of the USA PATRIOT Act that has extraterri...; Question 41: Which two actions should Financial Intelligence Units (FIUs)...; Question 42: A money transmitter's nation-wide agent network remits funds...; Question 43: One key aspect of promoting an enterprise-wide compliance cu...; Question 44: Which situation would require enhanced due diligence be perf...; Question 45: Based on the USA PATRIOT Act, what action might the US take ...; Question 46: When investigating an AML event, which techniques would be u...; Question 47: A financial institution's monitoring system triggers an aler...; Question 48: A typical red flag regarding potential money laundering in c...; Question 49: A new accounts representative recently opened an account for...; Question 50: When a regulatory body requires international assistance in ...; Question 51: Which function provided by lawyers can be useful to a potent...; Question 52: An individual opened an account with a minimal cash deposit ...; Question 53: Which is true about Financial Action Task Force (FATF)-Style...; Question 54: A politically exposed person (PEP) maintains an account at a...; Question 55: A UK national has accounts with a bank in Belgium, who maint...; Question 56: With which person(s) should an anti-money laundering officer...; Question 57: What is the primary action a financial institution should ta...; Question 58: In addition to monitoring for suspicious activity, what are ...; Question 59: Law enforcement is conducting an investigation of a financia...; Question 60: Which information should be gathered as part of enhanced due...; Question 61: An automotive parts company in South America sends multiple ...; Question 62: According to the Financial Action Task Force 40 Recommendati...; Question 63: An anti-money laundering specialist at a large institution i...; Question 64: The training department is conducting awareness training for...; Question 65: What poses the greatest money laundering risk for a financia...; Question 66: Which is an emerging risk associated with cyber-enabled frau...; Question 67: Which statement is true regarding the FATF standards for SAR...; Question 68: A compliance officer is conducting a review of the automated...; Question 69: Which of the following is among the Financial Action Task Fo...; Question 70: A compliance officer for a casino may suspect money launderi...; Question 71: Following a recent exercise which explained how a correspond...; Question 72: Which should authorities do to safeguard AML information exc...; Question 73: A customer has held an account at a bank and has lived local...; Question 74: A SAR/STR should be filed when the accountable institution i...; Question 75: To what extent should senior management and the Board of Dir...; Question 76: What is a tool governments and multi-national bodies can use...; Question 77: Which action indicates possible Penza scheme activity?...; Question 78: The new compliance officer has reviewed the bank's anti-mone...; Question 79: An anti-money laundering specialist has just developed and i...; Question 80: Private investment companies are potentially vulnerable to m...; Question 81: A customer comes into the bank and appears to be ill-at-ease...; Question 82: A suspicious transaction report has been filed on an account...; Question 83: One of the red flags of microstructuring is:...; Question 84: Which of the following customer transactions with a securiti...; Question 85: A compliance analyst is reviewing recent activity between a ...; Question 86: Which method to finance terrorism involves falsifying transa...; Question 87: The local manager of a remote mortgage origination departmen...; Question 88: Which of the following facilitates law enforcement agents ob...; Question 89: How does the Asian/Pacific Financial Action Task Force <F...; Question 90: A bank located in New York has identified suspicious transac...; Question 91: What should an effective anti-money laundering training prog...; Question 92: Customers of a telecommunications firm received an email exp...; Question 93: A bank account is established for a new business customer. T...; Question 94: Which Trust parties should be identified to determine the tr...; Question 95: A company contracts a life insurance policy with a savings f...; Question 96: Which activities could be considered a potential spear phish...; Question 97: Who meets the standard to perform the AML audit? (Select Two...; Question 98: Which of the following is the best action to take regarding ...; Question 99: An anti-money laundering audit identifies a significant weak...; Question 100: A financial institution files a suspicious transaction repor...; Question 101: In the FATF 40 recommendations, the focus of AML efforts has...; Question 102: Normal account-opening procedures reveal a customer who cont...; Question 103: When an institution receives a document request from law enf...; Question 104: Based on the AML principles outlined by the Wolfsberg Group,...; Question 105: An anti-money laundering specialist at a large institution i...; Question 106: A client opens a bank account for a multi-level marketing co...; Question 107: A customer living in a high-risk jurisdiction makes frequent...; Question 108: A compliance officer is looking to update an institutions pr...; Question 109: Which red flags should be considered prior to establishing a...; Question 110: According to Basel Committee on Banking Supervision guidelin...; Question 111: What are two red flags that indicate possible money launderi...; Question 112: What are three potential issues for foreign financial instit...; Question 113: The branch manager calls the compliance officer and informs ...; Question 114: Which red flag should a compliance officer prioritize first ...; Question 115: Which statements relate to the role of financial intelligenc...; Question 116: What are the European Union Directives on Money Laundering?...; Question 117: What indicates potential money laundering activity by a lawy...; Question 118: An anti-money laundering specialist has just developed and i...; Question 119: A U.K. real estate agent has three foreign clients intereste...; Question 120: Which statement about a multinational institution's ability ...; Question 121: Which of the following is considered a shell bank as defined...; Question 122: A relationship manager in a bank has had a private banking c...; Question 123: After a FATF mutual evaluation process, which are resulting ...; Question 124: Which three criteria does a shell bank meet according to the...; Question 125: According to the Second European Union Money Laundering Dire...; Question 126: What does the Financial Action Task Force 40 Recommendations...; Question 127: Under which two circumstances may law enforcement be given a...; Question 128: An AML training program should include which requirement?...; Question 129: An account officer who maintains an excellent relationship w...; Question 130: A financial institution is reorganizing and the anti-money l...; Question 131: According to the European Union Money Laundering Directives,...; Question 132: Who bears the ultimate responsibility for approving a financ...; Question 133: The regulators of a US financial institution find that the i...; Question 134: Which trading pattern may be indicative of money laundering ...; Question 135: Client A is flagged for a high volume of outgoing transfers....; Question 136: The most effective tool used to detect structured transactio...; Question 137: Which two factors should increase the risk of a corresponden...; Question 138: A banker in the credit department wants to assess the risk o...; Question 139: An individual opens an e-account in an off-shore gambling we...; Question 140: Cybersecurity risk can result in identity theft by:...; Question 141: A non-US bank is implementing a sanctions compliance program...; Question 142: A US casino customer has won 55,518 USD. The customer goes t...; Question 143: Which action does the Financial Action Task Force call on me...; Question 144: What are four key elements that a KYC program should contain...; Question 145: To ensure compliance with economic sanctions established by ...; Question 146: What core objective does the Egmont Group suggest would lead...; Question 147: What are two requirements of United States financial institu...; Question 148: A high volume of incoming wire transfers generates an alert ...; Question 149: Law enforcement submitted a request to a bank for informatio...; Question 150: Which situations would require a financial institution (FI) ...; Question 151: A law enforcement agent calls a bank anti-money laundering i...; Question 152: Which principles should be included in a FATF-Style Regional...; Question 153: Which three conduits for moving terrorist-related funds do t...; Question 154: A bank operates in multiple countries and offers a variety o...; Question 155: Which methods are typically used to launder money using insu...; Question 156: A compliance officer at a financial institution (FI) receive...; Question 157: Which should be provided to the board of directors or design...; Question 158: How does the Financial Action Task Force (FATF) measure the ...; Question 159: To understand if the customer operates in line with the firm...; Question 160: Which primary international authoritative body designates sa...; Question 161: As a result of an audit, a policy exception was identified t...; Question 162: A quarterly review is conducted on a retail customers accoun...; Question 163: On who does the ultimate responsibility for an institution's...; Question 164: Before providing suspicious activity report documentation to...; Question 165: What action does the USA PATRIOT Act allow the US government...; Question 166: Which two statements are true regarding the European Union M...; Question 167: A financial institution recently purchased anti-money launde...; Question 168: Why is the Mutual Legal Assistance Treaty (MLAT) a gateway f...; Question 169: A profitable commercial customer who operates an import-expo...; Question 170: Why should a financial institution (Fl) require an update of...; Question 171: Which three statements are true about on-line banking offeri...; Question 172: Which is a valid extraterritorial effect of the USA PATRIOT ...; Question 173: In many jurisdictions, financial institutions are prohibited...; Question 174: Which factor should a financial institution (FI) consider pr...; Question 175: A bank maintains a relationship with a customer who owns a s...; Question 176: Which principle about safeguarding privacy and data should a...; Question 177: Which three should real estate agents include in the criteri...; Question 178: How does the Financial Acton Task Force (FATF) communicate i...; Question 179: During the course of work on behalf of a client, a lawyer pa...; Question 180: A bank receives an anonymous tip from an employee about anot...; Question 181: Which activity is most likely to facilitate money laundering...; Question 182: A client has retained a lawyer to create a financial holding...; Question 183: When a bank performs a risk assessment, what areas should an...; Question 184: How can violations of anti-money laundering laws be a risk t...; Question 185: What action should a bank CEO's assistant take when the bank...; Question 186: Why do governments and multi-national bodies impose economic...; Question 187: Which of the following customer activities poses the highest...; Question 188: Which of the following activities conducted at a financial i...; Question 189: An anti-money laundering specialist notes a significant redu...; Question 190: Which transaction should result in a SAR/STR filing?...; Question 191: What are two risks to institutions for violating anti-money ...; Question 192: Which actions are involved when a prosecutor instructs a ban...; Question 193: A customer has borrowed the cash surrender value of their li...; Question 194: A potential client calls a broker-dealer wishing to purchase...; Question 195: A company service provider in Country A sets up a corporate ...; Question 196: Which three methods are commonly used by an accountant to la...; Question 197: Which statements regarding the USA PATRIOT ACT best describe...; Question 198: Which insurance product is particularly vulnerable to money ...; Question 199: A compliance analyst has recently investigated an account wh...; Question 200: Which of the following provides anti-money laundering specia...; Question 201: The compliance officer for a bank is reviewing on-boarding d...; Question 202: A division anti-money laundering officer for a financial ins...; Question 203: Once a financial institution has reported suspicious transac...; Question 204: A corporate services provider in a European Union (EU) count...; Question 205: A compliance officer at a large financial institution has be...; Question 206: Which information must a United States financial institution...; Question 207: Which method do terrorist financiers use to move funds witho...; Question 208: Which transaction should result in a suspicious activity rep...; Question 209: What do the Financial Action Task Force (FATF) mutual evalua...; Question 210: When must a United States (U.S.) bank block or reject an int...; Question 211: How does the Egmont Group assist financial intelligence unit...; Question 212: When creating an anti-money laundering program for a foreign...; Question 213: Which transaction monitoring processes would alert a bank fo...; Question 214: Outgoing foreign transactions of similar amounts trigger a m...; Question 215: Which response represents a high-level principle for FATF-St...; Question 216: A compliance officer at a small local bank reads in the news...; Question 217: Which payment method for purchasing luxury items is a red fl...; Question 218: Bank A is located in Country A. A wire transfer from Bank B ...; Question 219: When an institution files an STR with regard to a particular...; Question 220: The Egmont Group is a world wide organization of...; Question 221: To ensure that an institution's anti-money laundering progra...; Question 222: Which type of sanctions are most likely to be used in order ...; Question 223: An oil exploration company based in France does business wit...; Question 224: Which statement identifies one of the duties of a government...; Question 225: Which is a red flag for funds transfers?...; Question 226: A prospective client walks into an accounting firm wanting t...; Question 227: According to the Financial Action Task Force 40 Recommendati...; Question 228: A client is a wholesale auto business that operates as a use...; Question 229: Which principles of the Egmont Group of Financial Intelligen...; Question 230: A precious metals dealer opens a new account with a bank. Wh...; Question 231: Which two steps should a financial institution take when it ...; Question 232: Historically, a tour guide has made monthly cash deposits av...; Question 233: A precious metals dealer opens a new account with a bank. Wh...; Question 234: A bank in an offshore jurisdiction approaches an institution...; Question 235: A law enforcement agency is reviewing a suspicious transacti...; Question 236: A compliance officer at a small community bank has been aske...; Question 237: Which is a FATF characteristic used to assess a country's ef...; Question 238: A school teacher recently opened a private banking account w...; Question 239: According to the Financial Action Task Force, financial inst...; Question 240: Which factors should lead to a reassessment of the current A...; Question 241: Which elements can trigger a review of the existing relation...; Question 242: According to the Financial Action Task Force, financial inst...; Question 243: Separating illicit proceeds from their source by a series of...; Question 244: The marketing department presents to an anti-money launderin...; Question 245: A new business opened an account at a bank. After a month of...; Question 246: A foreign bank's compliance officer receives a request for i...; Question 247: Which assessments are involved in the processes of mutual ev...; Question 248: The compliance officer for a private bank has been tasked wi...; Question 249: Who has the day-to-day responsibility of communicating and r...; Question 250: A bank has maintained an account for a European charity for ...; Question 251: A high-volume dealer of precious metals and stones in a high...; Question 252: A retail bank prepares a yearly AML risk assessment. Which i...; Question 253: Which of the following should an anti-money laundering speci...; Question 254: Which requirement is included in the Fourth European Union D...; Question 255: Which type of sanctions are likely to be used first in order...; Question 256: What is the most effective criterion for determining the ben...; Question 257: Which two factors assist a money laundering investigation th...; Question 258: What should a financial institution (FI) do in response to a...; Question 259: Which activity would require an update to the first line tra...; Question 260: Which does the USA PATRIOT Act stipulate for foreign banks c...; Question 261: An internal review of anti-money laundering training documen...; Question 262: A bank teller receives a written request from a police offic...; Question 263: A country that does not have strong predicate offenses and i...

Question 210/263

LEAVE A REPLY

Download PDF File