CAMS Exam Dumps | Which of the following is considered a shell bank as defined by the USA PATRIOT Act?

<< Prev Question Next Question >>

Question 121/263

Which of the following is considered a shell bank as defined by the USA PATRIOT Act?

A. A bank incorporated in an offshore jurisdiction without a physical presence or employees.

B. An Internet bank operating in the U.S. providing services worldwide.

C. A local bank with offices in a non-cooperative jurisdiction which is subject to minimal regulatory supervision.

D. A bank run by a foreign holding company with offices and staff in an offshore jurisdic-tion.

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 121/263

LEAVE A REPLY

Download PDF File