CAMS Exam Dumps | What are the three basic functions of a national financial intelligence unit?

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Question 280/292

What are the three basic functions of a national financial intelligence unit?

A. Compile, assess, monitor

B. Train, share, collect

C. Investigate, report, record

D. Receive, analysis, disseminate

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? 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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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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? 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Which of the following rep...; Question 252: A precious metals dealer opens a new account with a bank. 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