CAMS Exam Dumps | What are the European Union Directives on Money Laundering?

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Question 20/292

What are the European Union Directives on Money Laundering?

A. They are voluntary codes of best practice for the financial sector

B. They are written by the Wolfsberg Group

C. They require members to implement certain laws of prevent money laundering

D. They require financial institutions to report suspicious activity to the Egmont Group in Brussels

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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? 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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. 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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. 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