CAMS Exam Dumps | A compliance analyst is reviewing the account activity of a customer that they suspect may be indicative

<< Prev Question Next Question >>

Question 87/292

A compliance analyst is reviewing the account activity of a customer that they suspect may be indicative of money laundering activity. Which is difficult to determine solely from the customer's account activity and KYC file?

A. If the activity is materially different from related businesses

B. If the account has multiple transfers to the same, related businesses

C. If there is negative media associated with counterparties

D. If the account is mostly dormant or has little activity

Question List (292q): Question 1: A suspicious transaction report has been filed on an account...; Question 2: A law enforcement agent calls a bank anti-money laundering i...; Question 3: Which three conduits for moving terrorist-related funds do t...; Question 4: Bank A is a non-United States (U.S.) bank that has $5 millio...; Question 5: An institution has made the decision to exit a client relati...; Question 6: How should a financial institution deter money laundering th...; Question 7: What core objective does the Egmont Group suggest would lead...; 1 commentQuestion 8: According to the Financial Action Task Force, which action m...; Question 9: Using the customer profile and expected activity information...; Question 10: A compliance officer at an insurance company has been review...; Question 11: A law enforcement agency is reviewing a suspicious transacti...; Question 12: Which assessments are involved in the processes of mutual ev...; Question 13: A bank teller receives a written request from a police offic...; Question 14: What can a compliance officer do in the absence of automated...; Question 15: The most important anti-money laundering issue associated wi...; Question 16: What should countries do to help prevent non-profit organiza...; Question 17: An anti-money laundering specialist has been asked to create...; Question 18: A high-volume dealer of precious metals and stones in a high...; Question 19: Which is true about Financial Action Task Force (FATF)-Style...; Question 20: What are the European Union Directives on Money Laundering?...; Question 21: A retail bank has just acquired a credit card business. The ...; Question 22: In which two ways does a government Financial Intelligence U...; Question 23: A compliance officer at a large financial institution has be...; Question 24: A client who owns a swimming pool company requests to open 1...; Question 25: An anti-money laundering specialist at a financial instituti...; Question 26: In performing a risk analysis, which factor(s) should a fina...; Question 27: The new compliance officer has reviewed the bank's anti-mone...; Question 28: An auction house dealing in fine art and antiques sells a we...; 1 commentQuestion 29: The Board of Directors for a small private bank has asked th...; Question 30: Pursuant to the Third European Union Money Laundering Direct...; Question 31: Which Trust parties should be identified to determine the tr...; Question 32: A retail bank prepares a yearly AML risk assessment. Which i...; Question 33: Which statement is true about when an institute becomes awar...; Question 34: A compliance officer at a small community bank has been aske...; Question 35: What is the primary action a financial institution should ta...; Question 36: The Egmont Group is a world wide organization of...; Question 37: Based on the AML principles outlined by the Wolfsberg Group,...; Question 38: Which action does the Financial Action Task Force (FATF) rec...; Question 39: When creating an anti-money laundering program for a foreign...; Question 40: A financial institution (FI) has decided to revamp its compl...; Question 41: An existing customer has changed its business scope and juri...; Question 42: Which are key objectives of the Egmont Group? (Select Two.)...; Question 43: Which safeguard is in place for Financial Intelligence Units...; Question 44: An anti-money laundering specialist is employed by a large m...; Question 45: Which is a purpose of imposing sanctions?...; Question 46: When a financial institution is requested to provide data an...; Question 47: A large financial institution (Fl) is considering expanding ...; Question 48: Which is the main objective when a financial institution (FI...; Question 49: The Wolfsberg Principles for Private Banking list circumstan...; Question 50: A customer has borrowed the cash surrender value of their li...; Question 51: According to the Financial Action Task Force Special Recomme...; Question 52: A compliance officer of a financial institution is reviewing...; Question 53: A customer has held an account at a bank and has lived local...; Question 54: A United States (U.S.) bank was recently alerted by law enfo...; Question 55: What should an employee do after witnessing suspicious activ...; Question 56: The Chief Compliance Officer (CCO) of a financial institutio...; Question 57: Separating illicit proceeds from their source by a series of...; Question 58: Which three measures are contained in Financial Action Task ...; Question 59: Money laundering can cause which consequences for a financia...; Question 60: Which regulatory bodies cooperate when dealing with cross-bo...; Question 61: In its paper. Customer Due Diligence for Banks, the Basel Co...; Question 62: What action does the USA PATRIOT Act allow the US government...; Question 63: A law enforcement agent is conducting an investigation into ...; Question 64: Which is a goal of Financial Action Task Force Regional-Styl...; Question 65: During the course of work on behalf of a client, a lawyer pa...; Question 66: In order to demonstrate commitment to AML compliance within ...; Question 67: What was the topic the Wolfsberg Group's first guidance addr...; Question 68: An anti-money laundering expert is hired by a new Internet b...; Question 69: According to the Basel Committee on Banking Supervision stan...; Question 70: Why should a financial institution (Fl) require an update of...; Question 71: Which two individuals are ordinarily beneficial owners of a ...; Question 72: To ensure compliance with economic sanctions established by ...; Question 73: Which of the following facilitates law enforcement agents ob...; Question 74: A compliance officer is looking to update an institutions pr...; Question 75: A non-U.S. bank asks its U.S. correspondent whether there is...; Question 76: Which payment method for purchasing luxury items is a red fl...; Question 77: Suspicious activity triggered a suspicious transaction repor...; Question 78: Which three are the most commonly used risk criteria?...; Question 79: Which of the following employee behaviors would not trigger ...; Question 80: A country that does not have strong predicate offenses and i...; Question 81: The owner of a real estate investment company deposits multi...; Question 82: How does the Financial Action Task Force (FATF) measure the ...; Question 83: A company contracts a life insurance policy with a savings f...; Question 84: What is an example of the integration stage of money launder...; Question 85: Who has the ultimate responsibility within a bank for ensuri...; Question 86: Which activity is most likely to facilitate money laundering...; Question 87: A compliance analyst is reviewing the account activity of a ...; Question 88: A professional dealer in precious metals and stones in an EU...; Question 89: A financial institution accepts new on-line customers. After...; Question 90: A financial institution's (Fl's) policy is to apply enhanced...; Question 91: What should a financial institution (FI) do in response to a...; Question 92: An AML specialist at a financial institution is presented wi...; Question 93: A compliance officer is tasked with implementing an enterpri...; Question 94: Who bears the ultimate responsibility for approving a financ...; Question 95: Which transaction should result in a suspicious activity rep...; Question 96: Which factors should lead to a reassessment of the current A...; Question 97: A bank maintains a number of United States (U.S.) dollar cor...; Question 98: Which are the requirements of the Filth AML Directive of the...; Question 99: Which insurance product is particularly vulnerable to money ...; Question 100: What does the Financial Action Task Force (FATF) urge its me...; Question 101: What are three indicators of money laundering associated wit...; Question 102: Which are the two most common controls a financial instituti...; Question 103: The local manager of a remote mortgage origination departmen...; Question 104: A company service provider in Country A sets up a corporate ...; Question 105: A bank account is established for a new business customer. T...; Question 106: An anti-money laundering specialist has just developed and i...; Question 107: A U.K. real estate agent has three foreign clients intereste...; Question 108: Release of the EU's Fourth AML Directive resulted in what ch...; Question 109: A bank teller receives a written request from a police offic...; Question 110: Which of the following are the most suspicious transaction i...; Question 111: An internal review of anti-money laundering training documen...; Question 112: The Wolfsberg Anti-Money Laundering Principles for Private B...; Question 113: On discovering employees had unintentionally provided assist...; Question 114: Which situation is the highest risk for money laundering and...; Question 115: A commission rogatory would be used in which gateway to obta...; Question 116: A close relative of a privately-owned bank's senior manager ...; Question 117: A politically exposed person (PEP) maintains an account at a...; Question 118: A corporate services provider in a European Union (EU) count...; Question 119: Which should a financial institution implement in order to i...; Question 120: A money remittance business will most likely attract money l...; Question 121: A division anti-money laundering officer for a financial ins...; Question 122: Which of the following is the best action to take regarding ...; Question 123: The Head of Compliance was informed by external auditors of ...; Question 124: Who has the day-to-day responsibility of communicating and r...; Question 125: An internal investigation log is primarily intended to:...; Question 126: The compliance officer at a crowd funding website is in char...; Question 127: FATF recommends the incorporation of some measures in custom...; Question 128: Which activities conducted by a lawyer could be a red flag f...; Question 129: Customers of a telecommunications firm received an email exp...; Question 130: When must a United States (U.S.) bank block or reject an int...; Question 131: A banker in the credit department wants to assess the risk o...; Question 132: Which is an example of structuring with regards to money lau...; Question 133: In the summer, an institution identifies anti-money launderi...; Question 134: The marketing department presents to an anti-money launderin...; Question 135: A financial institution opens a mortgage loan for a customer...; Question 136: How can a financial institution verify the nature and purpos...; Question 137: Which is a key reason why a financial institution (FI) condu...; Question 138: Normal account-opening procedures reveal a customer who cont...; Question 139: What should senior management do in order to promote a cultu...; Question 140: How should a compliance officer respond to law enforcement a...; Question 141: Which of the following provides anti-money laundering specia...; Question 142: A new accounts representative recently opened an account for...; Question 143: A European Union (EU) bank has a correspondent banking relat...; Question 144: Which private banking situation requires due diligence actio...; Question 145: Which statements relate to the mandate, roles, and responsib...; Question 146: When an institution receives a document request from law enf...; Question 147: To ensure that an institution's anti-money laundering progra...; Question 148: A businessman requests a European private bank to open a num...; Question 149: What is a method of placement that can be used by a money la...; Question 150: Upon a routine account review a money laundering investigato...; Question 151: A bank located in New York has identified suspicious transac...; Question 152: Which three stages of money laundering are on-line banking v...; Question 153: What are the regulatory risks to a bank employee who willful...; Question 154: Law enforcement submitted a request to a bank for informatio...; Question 155: Which risk factors are considered when assessing risk rating...; Question 156: According to the European Union Money Laundering Directives,...; Question 157: Which response represents a high-level principle for FATF-St...; Question 158: A relationship manager in a bank has had a private banking c...; Question 159: Which event occurs most frequently in money laundering in th...; Question 160: A customer of a bank is an established art dealer. Within th...; Question 161: Which two methods have terrorist groups used to diversify th...; Question 162: AML training programs should extend beyond basic concepts to...; Question 163: The Basel Committee on Banking Supervision issued a paper in...; Question 164: Which constitute red flags in connection with a company invo...; Question 165: Which are essential elements of a KYC program identified by ...; Question 166: A customer puts high-denomination cash notes into a poker ma...; Question 167: A high volume of incoming wire transfers generates an alert ...; Question 168: In May 2002, the Wolfsberg Principles on Private Banking wer...; Question 169: A compliance officer at a small local bank reads in the news...; Question 170: One key aspect of the Office of Foreign Assets Control's ext...; Question 171: Financial Action Task Force (FATF)-style regional bodies are...; Question 172: A bank is preparing for its anti-money laundering independen...; Question 173: On-line financial technologies are susceptible to money laun...; Question 174: An anti-money laundering audit identifies a significant weak...; Question 175: On who does the ultimate responsibility for an institution's...; Question 176: Which of the following is the most likely reason for the Fin...; Question 177: Which of the following represents the first Financial Action...; Question 178: An employee hears a colleague on the telephone with a custom...; Question 179: Historically, a tour guide has made monthly cash deposits av...; Question 180: Which action should financial institutions with cross border...; Question 181: A foreign bank maintains a correspondent account in the US. ...; Question 182: According to the Basel Committee's principles on customer du...; Question 183: According to the Basel Committee, customer acceptance, custo...; Question 184: Which methods are typically used to launder money using insu...; Question 185: A remittance company received a money order from a senior po...; Question 186: A local law enforcement officer, who is conducting a crimina...; Question 187: How does the Financial Acton Task Force (FATF) communicate i...; Question 188: What are two aspects of the Wolfsberg Anti-Money Laundering ...; Question 189: A bank sells reloadable open-loop prepaid cards to both cust...; Question 190: A long-term client of an insurance company makes changes to ...; Question 191: Which transaction should result in a SAR/STR filing?...; Question 192: When deficiencies are identified in the Financial Action Tas...; Question 193: What action does the USA PATRIOT Act allow the US government...; Question 194: Which actions are involved when a prosecutor instructs a ban...; Question 195: What should an effective anti-money laundering training prog...; Question 196: A senior government official is trying to open an account in...; Question 197: An anti-money laundering specialist notes a significant redu...; Question 198: An individual opened an account with a minimal cash deposit ...; Question 199: A benefit of using bearer shares in corporate formations is ...; Question 200: After review of the financial institution's enterprise-wide ...; Question 201: The anti-money laundering specialist of a small bank has ide...; Question 202: Cybersecurity risk can result in identity theft by:...; Question 203: What are three elements of a sound Customer Due Diligence Pr...; Question 204: A compliance analyst has recently investigated an account wh...; Question 205: Which principles of the Egmont Group of Financial Intelligen...; Question 206: A law enforcement agency is conducting an investigation of a...; Question 207: An anti-money laundering analyst is reviewing a new customer...; Question 208: A bank operates in multiple countries and offers a variety o...; Question 209: An audit completed the previous week revealed that a private...; Question 210: A compliance officer for a casino may suspect money launderi...; Question 211: Which three entities does the Third European Union Money Lau...; Question 212: Which three areas do FATF's 40 recommendations cover? Choose...; Question 213: Which is a key characteristic of the Financial Action Task F...; Question 214: Which are common types of economic sanctions? (Choose three....; Question 215: Which aspect of the USA PATRIOT Act impacts foreign financia...; Question 216: A student contacts a real estate broker to view a home but c...; Question 217: A large cash deposit most likely reflects money laundering w...; Question 218: To what extent should senior management and the Board of Dir...; Question 219: A foreign bank maintains a correspondent account in the US. ...; Question 220: Which is a valid extraterritorial effect of the USA PATRIOT ...; Question 221: The compliance officer for a bank is reviewing on-boarding d...; Question 222: Which statement identifies one of the duties of a government...; Question 223: According to the Financial Action Task Force methodology, wh...; Question 224: What does the Basel Committee's Customer Due Diligence for B...; Question 225: A bank received a subpoena regarding one of its clients. The...; Question 226: An organization uses an automated surveillance system that g...; Question 227: During an ongoing investigation into a client's activities b...; Question 228: What is the currency threshold under the European Union Four...; Question 229: Financial Intelligence Units (FIUs) are responsible for:...; Question 230: Which action indicates possible Penza scheme activity?...; Question 231: Which two factors should increase the risk of a corresponden...; Question 232: An institution receives a request for credit from a local co...; Question 233: In order for a terrorist organization to move funds from Cyp...; Question 234: When may Office of Foreign Assets Control (OFAC) sanctioned-...; Question 235: Which statements regarding the USA PATRIOT ACT best describe...; Question 236: Which of the following competent authorities should directly...; Question 237: What is a key risk associated with Correspondent Accounts ac...; Question 238: What kind of person should perform the independent testing o...; Question 239: A bank receives a request for a subpoena (or a client who ha...; Question 240: What is a tool governments and multi-national bodies can use...; Question 241: A financial institution (FI) is fined for failure to impleme...; Question 242: The board of directors receives notice from the primary regu...; Question 243: In establishing procedures for the review of suspicious tran...; Question 244: Since its last regulatory examination, a financial instituti...; Question 245: A compliance officer is reviewing transactions related to a ...; Question 246: Which elements can trigger a review of the existing relation...; Question 247: When an existing customer becomes a politically exposed pers...; Question 248: Which of the following is the main reason Internet gambling ...; Question 249: Which method to launder money through deposit-taking institu...; Question 250: Which three should real estate agents include in the criteri...; Question 251: A charity has unaudited accounts. Which of the following rep...; Question 252: A precious metals dealer opens a new account with a bank. Wh...; Question 253: A prospective client walks into an accounting firm wanting t...; Question 254: An anti-money laundering specialist at a large institution i...; Question 255: The owner of a local retail store makes multiple deposits da...; Question 256: Which activity associated with new or developing technologie...; Question 257: An accounting firm opened an account at a bank that is inten...; Question 258: A law enforcement agency submits several requests to a finan...; Question 259: Which two channels can be utilized during a cross-border mon...; Question 260: Which practices are dealers in antiques, precious metals, pr...; Question 261: What are two reasons physical certificates present a money l...; Question 262: A branch manager for a small community bank has a new custom...; Question 263: An anti-money laundering specialist is concerned that severa...; Question 264: A Trust and Company Service Provider (TCSP) providing servic...; Question 265: What are two sources for maintaining up-to-date sanctions in...; Question 266: A compliance officer at a financial institution (FI) receive...; Question 267: Which element is generally required of all anti-money launde...; Question 268: Which method to finance terrorism involves falsifying transa...; Question 269: When performing an investigation, which key steps should be ...; Question 270: Which are primary purposes of Financial Action Task Force {F...; Question 271: A bank compliance officer has implemented enhanced monitorin...; Question 272: Which of the following should an anti-money laundering speci...; Question 273: The Office of Foreign Assets Control requirements have an ex...; Question 274: A bank maintains a relationship with a customer who owns a s...; Question 275: A client is a wholesale auto business that operates as a use...; Question 276: Which is an extraterritorial function of Office of Foreign A...; Question 277: Which should authorities do to safeguard AML information exc...; Question 278: One key aspect of promoting an enterprise-wide compliance cu...; Question 279: An EU Trust and Company Service Provider (TCSP) analyst noti...; Question 280: What are the three basic functions of a national financial i...; Question 281: Which does the USA PATRIOT Act stipulate for foreign banks c...; Question 282: OFAC-issued regulations apply to which entities? (Choose two...; Question 283: Which scenario best justifies why a customer's account might...; Question 284: Which situation would require enhanced due diligence be perf...; Question 285: Which is the first valid step in the Mutual Legal Assistance...; Question 286: A new AML Officer for a US-based money service business (MSB...; Question 287: Which are characteristics of Mutual Legal Assistance Treatie...; Question 288: A key element required to ensure an anti-money laundering co...; Question 289: Which statement is true regarding the FATF standards for SAR...; Question 290: A financial institution files a suspicious transaction repor...; Question 291: According to the Financial Action Task Force, financial inst...; Question 292: What are two requirements with respect to supporting documen...

Question 87/292

LEAVE A REPLY

Download PDF File