CAMS Exam Dumps | What does the Egmont Group's support for its members include?

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Question 278/374

What does the Egmont Group's support for its members include?

A. Issuing due diligence models for financial institutions

B. Expanding and systematizing international cooperation in the reciprocal exchange of information

C. Issuing strategic products for law enforcement agencies and FIUs on topics of international interest

D. Expanding the ability of FIUs to enforce laws and exchange information globally to combat money laundering and terrorist financing

Question List (374q): Question 1: A financial institution's (Fl's) policy is to apply enhanced...; Question 2: A bank maintains a relationship with a customer who owns a s...; Question 3: The Basel Committee on Banking Supervision published guideli...; Question 4: Which test should be included in a bank's Office of Foreign ...; Question 5: When should a financial institution (FI) exit a relationship...; Question 6: A suspicious transaction report filed on a car dealer struct...; Question 7: Which three elements should be considered in an institution'...; Question 8: Which red flags could indicate increased terror financing an...; Question 9: A recruitment manager in the human resources department of a...; Question 10: What should countries do to help prevent non-profit organiza...; Question 11: What are two requirements for monitoring and reporting suspi...; Question 12: Which primary international authoritative body designates sa...; Question 13: What is the primary action a financial institution should ta...; Question 14: Which of the following is a red flag indicating potential mo...; Question 15: Trusts established in certain offshore jurisdictions make go...; Question 16: An international bank is headquartered in Madrid, Spain, wit...; Question 17: Which three entities does the Third European Union Money Lau...; Question 18: What do Financial Action Task Force (FATF)-style regional bo...; Question 19: An existing customer has changed its business scope and juri...; Question 20: Which three are the most commonly used risk criteria?...; Question 21: According to Basel Committee on Banking Supervision's Custom...; Question 22: A bank in an offshore jurisdiction approaches an institution...; Question 23: The Wolfsberg Principles for Private Banking list circumstan...; Question 24: According to FinCEN, which red flags within a bank account m...; Question 25: Which red flags could indicate increased terrorist financing...; Question 26: A company is endorsing the execution of terrorism through di...; Question 27: A law enforcement agency is reviewing a suspicious transacti...; Question 28: Which information should be gathered as part of enhanced due...; Question 29: According to Basel Committee guidelines, which level of the ...; Question 30: The branch manager notices that a number of customers come i...; Question 31: Which requirement is included in the Fourth European Union D...; Question 32: When an existing customer becomes a politically exposed pers...; Question 33: A bank account is established for a new business customer. T...; Question 34: Three individuals enter a casino and use cash to purchase ch...; Question 35: According to the Financial Action Task Force 40 Recommendati...; Question 36: When an institution receives a document request from law enf...; Question 37: Which of the following scenarios warrants enhanced due dilig...; Question 38: Which of the following is the most likely reason for the Fin...; Question 39: The marketing department presents to an anti-money launderin...; Question 40: What should an effective anti-money laundering training prog...; Question 41: What action should a bank CEO's assistant take when the bank...; Question 42: Which method do terrorist financiers use to move funds witho...; Question 43: What does the Basel Committee's Customer Due Diligence for B...; Question 44: In May 2002, the Wolfsberg Principles on Private Banking wer...; Question 45: Bank A is located in Country A. 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Question 59: Which is an extraterritorial function of Office of Foreign A...; Question 60: Which two statements in the Wolfsberg Group's "Suppression o...; Question 61: What is a tool governments and multi-national bodies can use...; Question 62: When a government imposes economic sanctions on a target, th...; Question 63: An anti-money laundering consultant audits a bank's current ...; Question 64: How should a compliance officer respond to law enforcement a...; Question 65: On discovering employees had unintentionally provided assist...; Question 66: Under the USA PATRIOT Act, in which scenario would the US no...; Question 67: Under the Egmont Group Principles, information exchange amon...; Question 68: What kind of person should perform the independent testing o...; Question 69: A client opens a bank account for a multi-level marketing co...; Question 70: Which of the following are risk factors a financial institut...; Question 71: What is the term for trading through multiple accounts, wher...; Question 72: A commission rogatory would be used in which gateway to obta...; Question 73: The most effective tool used to detect structured transactio...; Question 74: Which method is used to launder money in casinos?...; Question 75: A bank located in New York has identified suspicious transac...; Question 76: An institution has made the decision to exit a client relati...; Question 77: Which method to launder money through deposit-taking institu...; Question 78: Which activities conducted by a lawyer could be a red flag f...; Question 79: What are two requirements of United States financial institu...; Question 80: The USA PATRIOT Act requires United States (U.S.) financial ...; Question 81: To understand if the customer operates in line with the firm...; Question 82: A financial institution (FI) is conducting a complex investi...; Question 83: A student contacts a real estate broker to view a home but c...; Question 84: A bank teller receives a written request from a police offic...; Question 85: Why are Money Services Business (MSBs) frequently accused of...; Question 86: Which is an indicator that there is an attempt to conceal a ...; Question 87: A bank in the Netherlands has been requested to share inform...; Question 88: Which operational situation might indicate that money launde...; Question 89: Which three procedures should a compliance officer looking t...; Question 90: Which of the following activities are considered money laund...; Question 91: The new compliance officer has reviewed the bank's anti-mone...; Question 92: A European Union (EU) bank has a correspondent banking relat...; Question 93: What are two requirements with respect to supporting documen...; Question 94: An AML compliance officer receives notice of government upda...; Question 95: After a FATF mutual evaluation process, which are resulting ...; Question 96: Which activities could be considered a potential spear phish...; Question 97: Which is a key goal of EU Directives on money laundering?...; Question 98: An internal investigation log is primarily intended to:...; Question 99: Based on studies executed by the Organization for Economic C...; Question 100: A high volume of incoming wire transfers generates an alert ...; Question 101: According to the Financial Action Task Force (FATF) methodol...; Question 102: A non-US bank is implementing a sanctions compliance program...; Question 103: Which trading pattern may be indicative of money laundering ...; Question 104: A customer has held an account at a bank and has lived local...; Question 105: How should a financial institution deter money laundering th...; Question 106: Which of the following is among the Financial Action Task Fo...; Question 107: An anti-money laundering specialist has just developed and i...; Question 108: When using virtual assets such as Bitcoin to finance terrori...; Question 109: What is a primary responsibility of a financial intelligence...; Question 110: An anti-money laundering specialist at a large institution i...; Question 111: Which section of the USA PATRIOT Act permits the U.S. govern...; Question 112: Which statements describe risks that are associated with int...; Question 113: A foreign bank maintains a correspondent account in the US. ...; Question 114: A U.S. bank recently received a regulatory order to remediat...; Question 115: The compliance officer for a private bank has been tasked wi...; Question 116: A law enforcement action alleged that, over the course of tw...; Question 117: Why is the Mutual Legal Assistance Treaty (MLAT) a gateway f...; Question 118: An anti-money laundering specialist notes a significant redu...; Question 119: Which assessments are involved in the processes of mutual ev...; Question 120: A Financial Intelligence Unit (FIU) in a country has receive...; Question 121: According to the Financial Action Task Force 40 Recommendati...; Question 122: Which information must a United States financial institution...; Question 123: The manager of a bank's KYC team discovers that a high-risk ...; 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Which of the following rep...; Question 162: What should an employee do after witnessing suspicious activ...; Question 163: The bank's internal financial intelligence unit (FIU) has re...; Question 164: Which step should financial institutions take when complying...; Question 165: A country that does not have strong predicate offenses and i...; Question 166: A bank received a subpoena regarding one of its clients. The...; Question 167: Which of the following corporate structures present a higher...; Question 168: When an institution files an STR with regard to a particular...; Question 169: Which of the following customer activities poses the highest...; Question 170: A customer has held an account at a local credit institution...; Question 171: Which two factors assist a money laundering investigation th...; Question 172: A bank provides trade financing for a company whose primary ...; Question 173: Why do governments and multi-national bodies impose economic...; Question 174: How should a financial institution respond to a verbal reque...; Question 175: When performing a risk assessment, which factors should be c...; Question 176: According to the Basel Committee on Banking Supervision, ban...; Question 177: Which three conduits for moving terrorist-related funds do t...; Question 178: Law enforcement is conducting an investigation of a financia...; Question 179: An EU Trust and Company Service Provider (TCSP) analyst noti...; Question 180: Which statement is the most accurate in describing who must ...; Question 181: A country that does not have strong predicate offenses and i...; Question 182: How can a 'free-look provision' as part of a life insurance ...; Question 183: A banker in the credit department wants to assess the risk o...; Question 184: A new business opened an account at a bank. After a month of...; Question 185: Which three criteria does a shell bank meet according to the...; Question 186: Which statement about the extraterritorial reach of U.S. law...; Question 187: A key element required to ensure an anti-money laundering co...; Question 188: A financial institution accepts new on-line customers. 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...; Question 287: Who bears the ultimate responsibility for approving a financ...; Question 288: A legal instrument executed between two nations governing cr...; Question 289: According to Basel Committee on Banking Supervision guidelin...; Question 290: An institution is about to release a new peer to peer (P2P) ...; Question 291: What is a key objective of the Egmont Group?...; Question 292: According to experts, what is the most effective way to prev...; Question 293: When performing an investigation, which key steps should be ...; Question 294: During a law enforcement investigative interview regarding p...; Question 295: The main purpose of the US Treasury Department for OFAC's ex...; Question 296: An agent of a wealthy individual from a high-risk country (a...; Question 297: A financial institution is designing an Enterprise-Wide Risk...; Question 298: Cybersecurity risk can result in identity theft by:...; Question 299: A junior account manager within an international private ban...; Question 300: Which factors specific to the securities industry increase t...; Question 301: What action does the USA PATRIOT Act allow the US government...; Question 302: Which three methods are commonly used by an accountant to la...; Question 303: According to the Financial Action Task Force methodology, wh...; Question 304: Which is the most severe consequence for a financial institu...; Question 305: Which activity would require an update to the first line tra...; Question 306: Which of the following is the financial stage of money laund...; Question 307: What should a bank do if it suspects one of its employees ma...; Question 308: Pursuant to the Third European Union Money Laundering Direct...; Question 309: One area of responsibility for the Board of Directors when i...; Question 310: Which key aspect of the Office of Foreign Assets Control's e...; Question 311: An AML specialist at a financial institution is presented wi...; Question 312: An auction house dealing in fine art and antiques sells a we...; Question 313: A foreign politically exposed person (PEP) requests to add a...; Question 314: Which scenario indicates potential money laundering activity...; Question 315: What is the appropriate compliance control for identifying p...; Question 316: Section 319(a) of the USA PATRIOT Act:...; Question 317: A law enforcement agency is conducting an investigation of a...; Question 318: Which suspicious activity may be the strongest indicator of ...; Question 319: How should law enforcement obtain documentation from an inst...; Question 320: A compliance officer at a large financial institution has be...; Question 321: Which principles should be included in a FATF-Style Regional...; Question 322: In accordance with Financial Action Task Force (FATF) standa...; Question 323: Which product type is subject to US extra-jurisdictional rea...; Question 324: A foreign bank's compliance officer receives a request for i...; Question 325: Normal account-opening procedures reveal a customer who cont...; Question 326: A director of a financial institution was convicted of laund...; Question 327: Money laundering can cause which consequences for a financia...; Question 328: Transfers of money over the last 6 months to a corporation i...; Question 329: A large financial institution (Fl) is considering expanding ...; Question 330: What are the most effective measures that can be taken to bo...; Question 331: What does designing a country as being of "prime money laund...; Question 332: The findings of an internal audit discover that a large grou...; Question 333: According to the European Union Money Laundering Directives,...; Question 334: Which of the following reflect money laundering risk indicat...; Question 335: Financial Action Task Force (FATF)-style regional bodies are...; Question 336: Which are common types of economic sanctions? 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