CAMS Exam Dumps | Which method is indicative of potential money laundering and terrorist financing activity?

<< Prev Question Next Question >>

Question 237/304

Which method is indicative of potential money laundering and terrorist financing activity?

A. Client converts 500 Euro in mixed denomination notes to small denomination U.S. bills in a single transaction

B. A commercial client in the export business regularly receives wire transfers from high risk countries

C. An unknown client purchases multiple monetary instruments for one person during the course of one day

D. An unknown client pays $1,000 in cash for an urgent transfer to a high risk country

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 ...; Question 101: Which step should financial institutions take when complying...; Question 102: What is a primary responsibility of a financial intelligence...; Question 103: A foreign politically exposed person (PEP) requests to add a...; Question 104: Which two actions should Financial Intelligence Units (FIUs)...; Question 105: In accordance with Financial Action Task Force (FATF) standa...; Question 106: Which three actions should employees be instructed to do dur...; Question 107: Which three procedures should a compliance officer looking t...; Question 108: A bank has opened a new account for a well-known attorney to...; Question 109: After several months of research, the Director of Marketing ...; Question 110: Which statement is true about when an institute becomes awar...; Question 111: The anti-money laundering compliance officer for a small mon...; Question 112: Trusts established in certain offshore jurisdictions make go...; Question 113: What should a financial institution (FI) do in response to a...; Question 114: An anti-money laundering specialist at a large institution i...; Question 115: A local law enforcement officer, who is conducting a crimina...; Question 116: In May 2002, the Wolfsberg Principles on Private Banking wer...; Question 117: After a FATF mutual evaluation process, which are resulting ...; Question 118: A profitable commercial customer who operates an import-expo...; Question 119: Which test should be included in a bank's Office of Foreign ...; Question 120: A benefit of using bearer shares in corporate formations is ...; Question 121: A national Financial Intelligence Unit, which is responsible...; Question 122: The local manager of a remote mortgage origination departmen...; Question 123: Which action should financial institutions with cross border...; Question 124: How should a compliance program respond to an AML audit find...; Question 125: A non-U.S. bank asks its U.S. correspondent whether there is...; Question 126: A customer opens a corporate account with a broker-dealer on...; Question 127: When a regulatory body requires international assistance in ...; Question 128: Which type of sanctions are most likely to be used in order ...; Question 129: Which response represents a high-level principle for FATF-St...; Question 130: Which three do the Office of Foreign Asset Control regulatio...; Question 131: Which risk factors are considered when assessing risk rating...; Question 132: Which Trust parties should be identified to determine the tr...; Question 133: An internal investigation log is primarily intended to:...; Question 134: How should a financial institution respond to a verbal reque...; Question 135: Which three are the most commonly used risk criteria?...; Question 136: What are two requirements with respect to supporting documen...; Question 137: A banker in the credit department wants to assess the risk o...; Question 138: To what extent should senior management and the Board of Dir...; Question 139: In its paper. Customer Due Diligence for Banks, the Basel Co...; Question 140: Which is an objective of the Financial Action Task Force (FA...; Question 141: Which transaction monitoring processes would alert a bank fo...; Question 142: According to the USA PATRIOT Act, under which condition woul...; Question 143: A financial institution (FI) has decided to revamp its compl...; Question 144: An account officer who maintains an excellent relationship w...; Question 145: A bank located in New York has identified suspicious transac...; Question 146: A government has instituted a new anti-money laundering laws...; Question 147: What should an employee do after witnessing suspicious activ...; Question 148: In the FATF 40 recommendations, the focus of AML efforts has...; Question 149: A long-term client of an insurance company makes changes to ...; Question 150: What are two reasons physical certificates present a money l...; Question 151: What action does the USA PATRIOT Act allow the US government...; Question 152: The new compliance officer has reviewed the bank's anti-mone...; Question 153: Which of the following is the main reason Internet gambling ...; Question 154: An oil exploration company based in France does business wit...; Question 155: What is a tool governments and multi-national bodies can use...; Question 156: When assessing and managing money laundering risks while ope...; Question 157: An anti-money laundering specialist at a large institution i...; Question 158: How does the Financial Action Task Force (FAT F) measure the...; Question 159: An AML compliance officer receives notice of government upda...; Question 160: During the course of work on behalf of a client, a lawyer pa...; Question 161: Which two steps should a financial institution take when it ...; Question 162: A law enforcement agency is reviewing a suspicious transacti...; Question 163: The AML investigator is reviewing the transaction monitoring...; Question 164: A precious metals dealer opens a new account with a bank. Wh...; Question 165: An institution is about to release a new peer to peer (P2P) ...; Question 166: A bank's transaction surveillance system triggers an alert f...; Question 167: A bank compliance officer discovers cash deposit activity in...; Question 168: Which economic and social factors could create a dependency ...; Question 169: When performing an investigation, which key steps should be ...; Question 170: While conducting a review of a medium-risk customer, an anal...; Question 171: A compliance officer learns from an Information Technology (...; Question 172: What is an example of a legal risk a financial institution (...; Question 173: An offshore company is owned by four equal partners that res...; Question 174: Which three should real estate agents include in the criteri...; Question 175: Which of the following activities conducted at a financial i...; Question 176: Under which two circumstances may law enforcement be given a...; Question 177: A relationship manager in a bank has had a private banking c...; Question 178: According to recommendations from the Financial Action Task ...; Question 179: A United States (U.S.) bank was recently alerted by law enfo...; Question 180: What are three potential issues for foreign financial instit...; Question 181: A client who owns a swimming pool company requests to open 1...; Question 182: A high-profile, successful entrepreneur has been a client of...; Question 183: What can a compliance officer do in the absence of automated...; Question 184: When should a financial institution (FI) exit a relationship...; Question 185: Which of the following is the best action to take regarding ...; Question 186: Which key aspect of the Office of Foreign Assets Control's e...; Question 187: When investigating an AML event, which techniques would be u...; Question 188: As a result of an audit, a policy exception was identified t...; Question 189: Which of the following employee behaviors would not trigger ...; Question 190: What three attributes do havens for money laundering and ter...; Question 191: Historically, which of the following vehicles is most often ...; Question 192: An accounting firm opened an account at a bank that is inten...; Question 193: Money laundering can cause which consequences for a financia...; Question 194: A division anti-money laundering officer for a financial ins...; Question 195: Bank A is a non-United States (U.S.) bank that has $5 millio...; Question 196: An AML training program should include which requirement?...; Question 197: Which of the following best describes the Basel Committee on...; Question 198: A US casino customer has won 55,518 USD. The customer goes t...; Question 199: Which method to launder money through deposit-taking institu...; Question 200: What is the most effective criterion for determining the ben...; Question 201: Which action does the Financial Action Task Force call on me...; Question 202: Release of the EU's Fourth AML Directive resulted in what ch...; Question 203: FATF recommends the incorporation of some measures in custom...; Question 204: A compliance analyst is reviewing recent activity between a ...; Question 205: An organization uses an automated surveillance system that g...; Question 206: Which regulatory bodies cooperate when dealing with cross-bo...; Question 207: What does designing a country as being of "prime money laund...; Question 208: According to the Financial Action Task Force, financial inst...; Question 209: Which element is generally required of all anti-money launde...; Question 210: A financial institution opens a mortgage loan for a customer...; Question 211: An anti-money laundering specialist is concerned that severa...; Question 212: Which are key objectives of the Egmont Group? (Select Two.)...; Question 213: According to the 5th EU Money Laundering Directive, member s...; Question 214: Client A is flagged for a high volume of outgoing transfers....; Question 215: The branch manager calls the compliance officer and informs ...; Question 216: Which activity associated with new or developing technologie...; Question 217: Which safeguard is in place for Financial Intelligence Units...; Question 218: Law enforcement is confidentially investigating 20 individua...; Question 219: A student contacts a real estate broker to view a home but c...; Question 220: When providing reporting of STRs to the board, which of the ...; Question 221: Which factor should a bank consider before sharing informati...; Question 222: Which should a financial institution implement in order to i...; Question 223: Which scenario should be escalated as potentially suspicious...; Question 224: The anti-money laundering specialist of a small bank has ide...; Question 225: What indicates potential money laundering activity by a lawy...; Question 226: Which approach ensures the successful implementation of a tr...; Question 227: What is the appropriate compliance control for identifying p...; Question 228: A bank received a subpoena regarding one of its clients. The...; Question 229: An existing customer has changed its business scope and juri...; Question 230: Separating illicit proceeds from their source by a series of...; Question 231: A bank sells reloadable open-loop prepaid cards to both cust...; Question 232: Why is the Mutual Legal Assistance Treaty (MLAT) a gateway f...; Question 233: Which practices are dealers in antiques, precious metals, pr...; Question 234: According to the European Union Money Laundering Directives,...; Question 235: Which transaction should result in a suspicious activity rep...; Question 236: In addition to monitoring for suspicious activity, what are ...; Question 237: Which method is indicative of potential money laundering and...; Question 238: A bank employee recently opened an account for a new restaur...; Question 239: Which type of sanctions are likely to be used first in order...; Question 240: Cybersecurity risk can result in identity theft by:...; Question 241: A bank in an offshore jurisdiction approaches an institution...; Question 242: To understand if the customer operates in line with the firm...; Question 243: Which principles should be included in a FATF-Style Regional...; Question 244: Which activities conducted by a lawyer could be a red flag f...; Question 245: Which is a FATF characteristic used to assess a country's ef...; Question 246: Which red flag should a compliance officer prioritize first ...; Question 247: OFAC-issued regulations apply to which entities? (Choose two...; Question 248: Why are Money Services Business (MSBs) frequently accused of...; Question 249: Which are the two most common controls a financial instituti...; Question 250: Which of the following activities is most likely associated ...; Question 251: In which two ways do Financial Action Task Force-style regio...; Question 252: The Chief Compliance Officer (CCO) of a financial institutio...; Question 253: In performing a risk analysis, which factor(s) should a fina...; Question 254: What kind of person should perform the independent testing o...; Question 255: Which aspect of the USA PATRIOT Act impacts foreign financia...; Question 256: Which principle about safeguarding privacy and data should a...; Question 257: A local law enforcement officer notifies the bank compliance...; Question 258: How does the Egmont Group assist financial intelligence unit...; Question 259: When implementing a risk-based approach related to casinos, ...; Question 260: What does the Egmont Group's support for its members include...; Question 261: Money laundering red flags associated with money service bus...; Question 262: A quarterly review is conducted on a retail customers accoun...; Question 263: Which of the following customer transactions with a securiti...; Question 264: An audit completed the previous week revealed that a private...; Question 265: What is a key objective of the Egmont Group?...; Question 266: What is an indicator of suspicious activity?...; Question 267: What is a major economic consequence of money laundering thr...; Question 268: What should countries do to help prevent non-profit organiza...; Question 269: A compliance analyst has recently investigated an account wh...; Question 270: A customer's registered business activity is a domestic carp...; Question 271: What are the regulatory risks to a bank employee who willful...; Question 272: A compliance officer is developing an anti-money laundering ...; Question 273: An immigrant residing in the United States opens a bank acco...; Question 274: A company service provider in Country A sets up a corporate ...; Question 275: A branch manager for a small community bank has a new custom...; Question 276: Upon a routine account review a money laundering investigato...; Question 277: An anti-money laundering consultant audits a bank's current ...; Question 278: A politically exposed person (PEP) maintains an account at a...; Question 279: a personal banking customer who simultaneously opens several...; Question 280: A bank maintains a relationship with a customer who owns a s...; Question 281: Normal account-opening procedures reveal a customer who cont...; Question 282: A typical red flag regarding potential money laundering in c...; Question 283: Customers of a telecommunications firm received an email exp...; Question 284: Which red flags should be considered prior to establishing a...; Question 285: According to the Financial Action Task Force 40 Recommendati...; Question 286: Which of the following reflect money laundering risk indicat...; Question 287: What core objective does the Egmont Group suggest would lead...; Question 288: When an existing customer becomes a politically exposed pers...; Question 289: A customer of a bank is an established art dealer. Within th...; Question 290: A bank's anti-money laundering section receives an anonymous...; Question 291: Which of the following poses the greatest money laundering r...; Question 292: On who does the ultimate responsibility for an institution's...; Question 293: Which two methods have terrorist groups used to diversify th...; Question 294: What does the Basel Committee's Customer Due Diligence for B...; Question 295: Which trading pattern may be indicative of money laundering ...; Question 296: An anti-money laundering specialist notes a significant redu...; Question 297: A bank provides trade financing for a company whose primary ...; Question 298: A country that does not have strong predicate offenses and i...; Question 299: To ensure that an institution's anti-money laundering progra...; Question 300: Following a recent exercise which explained how a correspond...; Question 301: A European Union (EU) bank has a correspondent banking relat...; Question 302: A money transmitter's nation-wide agent network remits funds...; Question 303: Which three conduits for moving terrorist-related funds do t...; Question 304: A well-developed anti-money laundering compliance program is...

Question 237/304

LEAVE A REPLY

Download PDF File