CAMS Exam Dumps | Which is often an indirect consequence of non-compliance with AML laws?

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Question 71/304

Which is often an indirect consequence of non-compliance with AML laws?

A. Drop in stock value

B. Punitive fines

C. Criminal proceedings

D. Sanctioning

Question List (304q): Question 1: A suspicious transaction report has been filed on an account...; Question 2: What should a bank do if it suspects one of its employees ma...; Question 3: What does the Financial Action Task Force (FATF) urge its me...; Question 4: What are two requirements of United States financial institu...; Question 5: Which action should countries take related to the financing ...; Question 6: Three individuals enter a casino and use cash to purchase ch...; Question 7: A company contracts a life insurance policy with a savings f...; Question 8: A potential client calls a broker-dealer wishing to purchase...; Question 9: Which three entities does the Third European Union Money Lau...; Question 10: A law enforcement agent is conducting an investigation into ...; Question 11: With which person(s) should an anti-money laundering officer...; Question 12: Since its last regulatory examination, a financial instituti...; Question 13: When creating an anti-money laundering program for a foreign...; Question 14: A financial institution accepts new on-line customers. After...; Question 15: At a small community bank, the compliance officer identifies...; Question 16: A customer has held an account at a local credit institution...; Question 17: What describes the Black Market Peso Exchange money launderi...; Question 18: What should an effective anti-money laundering training prog...; Question 19: Which three methods are commonly used by an accountant to la...; Question 20: Which private banking situation requires due diligence actio...; Question 21: Once a financial institution has reported suspicious transac...; Question 22: A law enforcement agency is reviewing a suspicious transacti...; Question 23: An anti-money laundering specialist has been asked to create...; Question 24: What are two requirements for monitoring and reporting suspi...; Question 25: The Office of Foreign Assets Control requirements have an ex...; Question 26: The branch manager notices that a number of customers come i...; Question 27: Which three elements should be considered in an institution'...; Question 28: Law enforcement is conducting an investigation of a financia...; Question 29: The AML compliance officer of a financial institution (Fl) h...; Question 30: A charity has unaudited accounts. Which of the following rep...; Question 31: A popular restaurant in town has begun depositing less cash ...; Question 32: Which of the following provides anti-money laundering specia...; Question 33: A customer brings $15,000 worth of chips into a casino and p...; Question 34: Under the Wolfsberg Correspondent Banking Principles, which ...; Question 35: A financial institution is reorganizing and the anti-money l...; Question 36: A company is endorsing the execution of terrorism through di...; Question 37: A large financial institution (Fl) is considering expanding ...; Question 38: The Basel Committee on Banking Supervision issued a paper in...; Question 39: The USA PATRIOT Act requires United States (U.S.) financial ...; Question 40: AML training programs should extend beyond basic concepts to...; Question 41: Which statements regarding the USA PATRIOT ACT best describe...; Question 42: Which is the first valid step in the Mutual Legal Assistance...; Question 43: A customer has borrowed the cash surrender value of their li...; Question 44: Which step should be taken to understand the types of financ...; Question 45: Which principles of the Egmont Group of Financial Intelligen...; Question 46: The marketing department presents to an anti-money launderin...; Question 47: A new business opened an account at a bank. After a month of...; Question 48: Which are common types of economic sanctions? (Choose three....; Question 49: Based on the USA PATRIOT Act, what action might the US take ...; Question 50: An AML specialist at a financial institution is presented wi...; Question 51: The Wolfsberg Group has issued a number of documents since i...; Question 52: A non-US bank is implementing a sanctions compliance program...; Question 53: The compliance officer for a private bank has been tasked wi...; Question 54: Which assessments are involved in the processes of mutual ev...; Question 55: Historically, which vehicle is most often used to hide benef...; Question 56: When a bank performs a risk assessment, what areas should an...; Question 57: When considering sharing information across the institution ...; Question 58: How can a financial institution verify the nature and purpos...; Question 59: A law enforcement agency submits several requests to a finan...; Question 60: In many jurisdictions, financial institutions are prohibited...; Question 61: Which is the most severe consequence for a financial institu...; Question 62: A company service provider in Country A sets up a corporate ...; Question 63: The Financial Action Task Force recommends the incorporation...; Question 64: What are two risks to institutions for violating anti-money ...; Question 65: An EU Trust and Company Service Provider (TCSP) analyst noti...; Question 66: What action does the USA PATRIOT Act allow the US government...; Question 67: When an institution files an STR with regard to a particular...; Question 68: Which statements relate to the role of financial intelligenc...; Question 69: A bank employee reviews wire transactions looking for indica...; Question 70: A foreign bank's compliance officer receives a request for i...; Question 71: Which is often an indirect consequence of non-compliance wit...; Question 72: In which situation can money laundering adversely affect a c...; Question 73: Which of the following is considered a shell bank as defined...; Question 74: What correspondent banking risk factor increases the risk fo...; Question 75: Which is true about Financial Action Task Force (FATF)-Style...; Question 76: A new accounts representative recently opened an account for...; Question 77: The Wolfsberg Principles for Private Banking list circumstan...; Question 78: An institution has made the decision to exit a client relati...; Question 79: In order for a terrorist organization to move funds from Cyp...; Question 80: A director of a financial institution was convicted of laund...; Question 81: A compliance officer provides an overview of the bank's anti...; Question 82: When may Office of Foreign Assets Control (OFAC) sanctioned-...; Question 83: Which action indicates possible Penza scheme activity?...; Question 84: Which two aspects of precious metals pose the highest risk o...; Question 85: Which information must a United States financial institution...; Question 86: The compliance officer for a bank is reviewing on-boarding d...; Question 87: What are two aspects of the Wolfsberg Anti-Money Laundering ...; Question 88: Which of the following customer activities poses the highest...; Question 89: What is the term for trading through multiple accounts, wher...; Question 90: A bank located in Arizona is considering a loan application ...; Question 91: According to the Basel Committee on Banking Supervision stan...; Question 92: Who has the ultimate responsibility within a bank for ensuri...; Question 93: The compliance officer for a private bank has been tasked wi...; Question 94: Which product type is subject to US extra-jurisdictional rea...; Question 95: A new customer has just been onboarded in a securities firm....; Question 96: Which factors should lead to a reassessment of the current A...; Question 97: A high-volume dealer of precious metals and stones in a high...; Question 98: Which of the following is among the Financial Action Task Fo...; Question 99: With which of the following should an anti-money laundering ...; Question 100: Which are essential elements of a KYC program identified by ...; 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