CAMS Exam Dumps | Which element is generally required of all anti-money laundering programs?

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Question 267/292

Which element is generally required of all anti-money laundering programs?

A. A computer-based suspicious activity monitoring system

B. A qualified compliance officer to manage the program

C. Annual in-person AML training for all employees

D. An enhanced due diligence program for all new customers

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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. 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? 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