CAMS Exam Dumps | When applying new technologies to AML, application programming interfaces (APIs) allow for:

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Question 126/346

When applying new technologies to AML, application programming interfaces (APIs) allow for:

A. Digital identification on mobile devices

B. Different applications to connect and communicate

C. Authentication via artificial intelligence (AI) and biometrics

D. Quick CDD and client traits analysis during onboarding

Question List (346q): Question 1: Which statement is true regarding the FATF standards for SAR...; Question 2: An individual opens an e-account in an off-shore gambling we...; Question 3: Anemployee in a corporation's finance departmenthears news o...; Question 4: What does designing a country as being of "prime money laund...; Question 5: The Basel Committee on Banking Supervision issued a paper in...; Question 6: In the FATF 40 recommendations, the focus of AML efforts has...; Question 7: On-line financial technologies are susceptible to money laun...; Question 8: After evaluating recent changes to international standards, ...; Question 9: A new accounts representative recently opened an account for...; Question 10: Which of the following risk factors are considered by many s...; Question 11: AFinancial Intelligence Unit (FIU)in a countryhas received a...; Question 12: Gatekeepers, including accountants,can be well-positioned to...; Question 13: A bank operates in multiple countries and offers a variety o...; Question 14: Which is the first valid step in the Mutual Legal Assistance...; Question 15: Which statements relate to the role of financial intelligenc...; Question 16: Which statements relate to the mandate, roles, and responsib...; Question 17: The new compliance officer has reviewed the bank's anti-mone...; Question 18: With which person(s) should an anti-money laundering officer...; Question 19: A prospective AML officer comes highly recommended by a bank...; Question 20: Which information must a United States financial institution...; Question 21: Which is often an indirect consequence of non-compliance wit...; Question 22: The bank's Compliance Officer is tasked with designing stand...; Question 23: a personal banking customer who simultaneously opens several...; Question 24: The Board of Directors for a small private bank has asked th...; Question 25: A local law enforcement officer, who is conducting a crimina...; Question 26: A customer runs an export business for agricultural products...; Question 27: What are three potential issues for foreign financial instit...; Question 28: What is acore function of a Financial Intelligence Unit (FIU...; Question 29: Which safeguard is in place for Financial Intelligence Units...; Question 30: A client opens a bank account for a multi-level marketing co...; Question 31: Which unusual or suspicious activity by a financial institut...; Question 32: The Chief Compliance Officer (CCO) of a financial institutio...; Question 33: AML training programs should extend beyond basic concepts to...; Question 34: A bank's anti-money laundering section receives an anonymous...; Question 35: After review of the financial institution's enterprise-wide ...; Question 36: An AML compliance officer for a large bank has recently rece...; Question 37: Public-private partnerships (PPPs) that involve the sharing ...; Question 38: Which three entities does the Third European Union Money Lau...; Question 39: Which action does the Financial Action Task Force (FATF) rec...; Question 40: Whichsection of the USA PATRIOT Actrelates toforfeiture of f...; Question 41: An anti-money laundering specialist at a large institution i...; Question 42: Normal account-opening procedures reveal a customer who cont...; Question 43: The role of FATF-style regional bodies (FSRBs) is to; (Selec...; Question 44: Which key factor would result in the decision for a financia...; Question 45: Which of the followingscenarios best justifies why a custome...; Question 46: Which of the following is among the Financial Action Task Fo...; Question 47: Which of the following represents the first Financial Action...; Question 48: When under aregulator's consent orderor similar action, who ...; Question 49: A politically exposed person (PEP) maintains an account at a...; Question 50: Which of the following reflect money laundering risk indicat...; Question 51: According to the Financial Action Task Force, which action m...; Question 52: A customer comes into a financial institution and deposits a...; Question 53: According to PinCEN. when a financial institution (PI) ident...; Question 54: AnAML analyst at a bankis investigating cases triggered bytr...; Question 55: The regulators of a US financial institution find that the i...; Question 56: In which two ways do Financial Action Task Force-style regio...; Question 57: What are four key elements that a KYC program should contain...; Question 58: An auction house dealing in fine art and antiques sells a we...; Question 59: A national Financial Intelligence Unit, which is responsible...; Question 60: When must a United States (U.S.) bank block or reject an int...; Question 61: What is thepurpose of a Risk Appetite Statement (RAS)and its...; Question 62: Which of the following employee behaviors would not trigger ...; Question 63: What do the Financial Action Task Force (FATF) mutual evalua...; Question 64: Which of the following aremoney laundering red flagswhen rev...; Question 65: Which requirement is included in the Fourth European Union D...; Question 66: Which three methods are commonly used by an accountant to la...; Question 67: When a regulatory body requires international assistance in ...; Question 68: Which of thebelow statementsare supported by theFinancial Ac...; Question 69: The training department is conducting awareness training for...; Question 70: A client who owns a swimming pool company requests to open 1...; Question 71: What are two aspects of the Wolfsberg Anti-Money Laundering ...; Question 72: Which insurance product is particularly vulnerable to money ...; Question 73: Which should authorities do to safeguard AML information exc...; Question 74: A compliance officer is developing an anti-money laundering ...; Question 75: Thegoal of the Egmont Group of Financial Intelligence Units ...; Question 76: AFinancial Intelligence Unit (FIU)in a country receives aSAR...; Question 77: Which scenariobest justifies why a financial institution (FI...; Question 78: Which of the following is the best action to take regarding ...; Question 79: An internal investigation log is primarily intended to:...; Question 80: A bank teller receives a written request from a police offic...; Question 81: A foreign bank operating under an offshore license wants to ...; Question 82: According to the Financial Action Task Force methodology, wh...; Question 83: Which step should financial institutions take when complying...; Question 84: Which piece of information identified by customer screening ...; Question 85: Which principles of the Egmont Group of Financial Intelligen...; Question 86: The owner of a real estate investment company deposits multi...; Question 87: Which are the two most common controls a financial instituti...; Question 88: A customer of a bank is an established art dealer. Within th...; Question 89: Which is an example of structuring with regards to money lau...; Question 90: A compliance officer was recently reviewing transactional da...; Question 91: An anti-money laundering specialist has been asked to create...; Question 92: Whichline of defenseissolely tasked with providing assurance...; Question 93: What does the Egmont Group's support for its members include...; Question 94: A financial institution is designing anEnterprise-Wide Risk ...; Question 95: The Wolfsberg Group has issued a number of documents since i...; Question 96: Whichkey metricwould provide themost valuable datatosenior m...; Question 97: With which of the following should an anti-money laundering ...; Question 98: Alaw enforcement actionalleged that, over the course of two ...; Question 99: What is the first step that an investigator should take when...; Question 100: A comprehensive set of risk-based guidelines for maintaining...; Question 101: A bank teller receives a written request from a police offic...; Question 102: What are three elements of a sound Customer Due Diligence Pr...; Question 103: Money laundering red flags associated with money service bus...; Question 104: Which element is generally required of all anti-money launde...; Question 105: A government has instituted a new anti-money laundering laws...; Question 106: A compliance officer is reviewing transactions related to a ...; Question 107: A suspicious transaction report has been filed on an account...; Question 108: After a FATF mutual evaluation process, which are resulting ...; Question 109: A US casino customer has won 55,518 USD. The customer goes t...; Question 110: Which o! the following are considered best practices regardi...; Question 111: The owner of a local retail store makes multiple deposits da...; Question 112: Which factors specific to the securities industry increase t...; Question 113: In May 2002, the Wolfsberg Principles on Private Banking wer...; Question 114: What is a tool governments and multi-national bodies can use...; Question 115: A compliance officer at a small community bank has been aske...; Question 116: Who has the ultimate responsibility within a bank for ensuri...; Question 117: Money laundering has social and economic impacts, especially...; Question 118: Arecruitment manager in the human resources departmentof a b...; Question 119: An anti-money laundering specialist has been hired by an ind...; Question 120: Which activities could be considered a potential spear phish...; Question 121: When performing an investigation, which key steps should be ...; Question 122: In its paper. Customer Due Diligence for Banks, the Basel Co...; Question 123: What is a major economic consequence of money laundering thr...; Question 124: Which statement about a multinational institution's ability ...; Question 125: Which of the followingare risk factors a financial instituti...; Question 126: When applying new technologies to AML, application programmi...; Question 127: How should a compliance program respond to an AML audit find...; Question 128: A high volume of incoming wire transfers generates an alert ...; Question 129: Which activities conducted by a lawyer could be a red flag f...; Question 130: Which of the following is the most likely reason for the Fin...; Question 131: Outgoing foreign transactions of similar amounts trigger a m...; Question 132: Which private banking situation requires due diligence actio...; Question 133: According to the Financial Action Task Force (FATF) Recommen...; Question 134: Can trading in antiques be useful for money laundering?...; Question 135: After several months of research, the Director of Marketing ...; Question 136: A financial institution (FI) is being investigated for possi...; Question 137: An offshore company is owned by four equal partners that res...; Question 138: The law enforcement agency (LEA) of a foreign jurisdiction c...; Question 139: An account officer who maintains an excellent relationship w...; Question 140: Which two statements in the Wolfsberg Group's "Suppression o...; Question 141: An anti-money laundering specialist has been asked to establ...; Question 142: Bank A is located in Country A. A wire transfer from Bank B ...; Question 143: An institution has made the decision to exit a client relati...; Question 144: The compliance officer for a private bank has been tasked wi...; Question 145: Which situation is the highest risk for money laundering and...; Question 146: Which of the following is a critical consideration for priva...; Question 147: Which type of sanctions are likely to be used first in order...; Question 148: Which of the following attributes would enhance an AML progr...; Question 149: What is a method of placement that can be used by a money la...; Question 150: Which of the following is considered a shell bank as defined...; Question 151: Which is a key goal of EU Directives on money laundering?...; Question 152: When should a financial institution (FI) exit a relationship...; Question 153: Whichsuspicious activitymay be thestrongest indicator of mon...; Question 154: A bank customer operates a fuel station as a sole proprietor...; Question 155: A credit institution has been served with a preliminary find...; Question 156: An AML specialist at a financial institution is presented wi...; Question 157: Which type of sanctions are most likely to be used in order ...; Question 158: A precious metals dealer opens a new account with a bank. Wh...; Question 159: Which of the followingcorporate structurespresent ahigher mo...; Question 160: Which red flag indicates high potential for money laundering...; Question 161: A high-profile, successful entrepreneur has been a client of...; Question 162: The most important anti-money laundering issue associated wi...; Question 163: Which of the following activities is most likely associated ...; Question 164: Which is a key aspect in the FATF Recommendations that best ...; Question 165: Which activity associated with new or developing technologie...; Question 166: Which of the following best describes the Basel Committee on...; Question 167: Which regulation regarding data privacy has to be considered...; Question 168: Which response represents a high-level principle for FATF-St...; Question 169: To understand if the customer operates in line with the firm...; Question 170: Which economic and social factors could create a dependency ...; Question 171: What kind of person should perform the independent testing o...; Question 172: A non-US bank is implementing a sanctions compliance program...; Question 173: How can violations of anti-money laundering laws be a risk t...; Question 174: Using the customer profile and expected activity information...; Question 175: A non-U.S. bank asks its U.S. correspondent whether there is...; Question 176: The compliance officer for a private bank has been tasked wi...; Question 177: According to theFinancial Action Task Force (FATF) methodolo...; Question 178: What is an example of the integration stage of money launder...; Question 179: What is therelationship between the EU Anti-Money Laundering...; Question 180: A company is endorsing the execution of terrorism through di...; Question 181: A bank account is established for a new business customer. T...; Question 182: A compliance officer at a financial institution (FI) receive...; Question 183: When assessing and managing money laundering risks while ope...; Question 184: Separating illicit proceeds from their source by a series of...; Question 185: Which product is considered to be of highest money launderin...; Question 186: The compliance officer at a crowd funding website is in char...; Question 187: The EU's6th Anti-Money Laundering Directive (6AMLD):...; Question 188: Whichpractices should financial institutions (FIs) adoptfor ...; Question 189: The AML investigator is reviewing the transaction monitoring...; Question 190: Which two steps should a financial institution take when it ...; Question 191: What is theimportance of a risk-based approach (RBA)andbuild...; Question 192: A large financial institution (Fl) is considering expanding ...; Question 193: What are the rules imposed by the Office of Foreign Assets C...; Question 194: Which of the following isa core function of a Financial Inte...; Question 195: According to the USA PATRIOT Act, under which condition woul...; Question 196: The product department of an insurance company proposes laun...; Question 197: A foreign politically exposed person (PEP) requests to add a...; Question 198: A financial institution recently purchased anti-money launde...; Question 199: According to the Financial Action Task Force, financial inst...; Question 200: A corporate services provider in a European Union (EU) count...; Question 201: Law enforcement is confidentially investigating 20 individua...; Question 202: Which statements describe risks that are associated with int...; Question 203: Which activity would require an update to the first line tra...; Question 204: According to Basel Committee on Banking Supervision's Custom...; Question 205: In many jurisdictions, financial institutions are prohibited...; Question 206: Which of the following is the financial stage of money laund...; Question 207: In which two ways does a government Financial Intelligence U...; Question 208: Which three measures are contained in Financial Action Task ...; Question 209: A popular restaurant in town has begun depositing less cash ...; Question 210: Which method is indicative of potential money laundering and...; Question 211: Why do governments and multi-national bodies impose economic...; Question 212: A bank has maintained an account for a European charity for ...; Question 213: An employee at a financial institution (Fl) suspects that on...; Question 214: What are themost effective measuresthat can be taken toboost...; Question 215: Which of the options below is an indicator of potential insi...; Question 216: Who meets the standard to perform the AML audit? (Select Two...; Question 217: Which situations would require a financial institution (FI) ...; Question 218: A compliance manager at a virtual asset service provider (VA...; Question 219: A compliance officer is tasked with implementing an enterpri...; Question 220: A customer frequently deposits large amounts of cash into an...; Question 221: As emphasized in theBasel Committee guidancefor"Sound Manage...; Question 222: An anti-money laundering consultant audits a bank's current ...; Question 223: At a small community bank, the compliance officer identifies...; Question 224: Abank received a subpoenaregarding one of its clients. TheFi...; Question 225: AnAML compliance officerreceives anindependent audit reportw...; Question 226: When implementing a risk-based approach related to casinos, ...; Question 227: Whichsuspicious activity may be the strongest indicator of m...; Question 228: The compliance department receives an internal referral that...; Question 229: According to the European Union Money Laundering Directives,...; Question 230: Suspicious activity triggered a suspicious transaction repor...; Question 231: Which factor should a bank consider before sharing informati...; Question 232: An anti-money laundering specialist is concerned that severa...; Question 233: Which of the following is ared flag indicating potential mon...; Question 234: A law enforcement agent calls a bank anti-money laundering i...; Question 235: A bank provides trade financing for a company whose primary ...; Question 236: A law enforcement agent is conducting an investigation into ...; Question 237: What must be materially true regarding transactions for Unit...; Question 238: A financial institution is conducting an enterprise-wide ris...; Question 239: Which payment method for purchasing luxury items is a red fl...; Question 240: Whichchanges at a financial institution (FI) should trigger ...; Question 241: Which actions should be taken bya financial institution (FI)...; Question 242: The United Nations Security Council (UNSC) is empowered to i...; Question 243: When considering sharing information across the institution ...; Question 244: Which of the following businesses require enhanced or additi...; Question 245: How should law enforcement obtain documentation from an inst...; Question 246: Which red flags should be considered prior to establishing a...; Question 247: An oil exploration company based in France does business wit...; Question 248: A Money Laundering Reporting Officer's (MLRO) lack of action...; Question 249: A remittance company received a money order from a senior po...; Question 250: A financial institution (FI) is fined for failure to impleme...; Question 251: A school teacher recently opened a private banking account w...; Question 252: Which are common types of economic sanctions? (Choose three....; Question 253: Whichmeasures should financial institutions (FIs) take when ...; Question 254: The vice president of the foreign correspondent banking depa...; Question 255: Which of the following entities could potentially pose a hig...; Question 256: Which three conduits for moving terrorist-related funds do t...; Question 257: Findings from a regulatory examination report states that th...; Question 258: An international bank is headquartered in Madrid, Spain, wit...; Question 259: When should the anti-money laundering risk assessment be upd...; Question 260: Which three actions should employees be instructed to do dur...; Question 261: According to the Basel Committee's principles on customer du...; Question 262: An employee hears a colleague on the telephone with a custom...; Question 263: A company contracts a life insurance policy with a savings f...; Question 264: A suspicious transaction report filed on a car dealer struct...; Question 265: Pursuant to the Third European Union Money Laundering Direct...; Question 266: The anti-money laundering compliance officer for a small mon...; Question 267: Which are essential elements of a KYC program identified by ...; Question 268: TheWolfsberg Group's AML Principles on Private Banking:...; Question 269: Enhanced due diligence (EDD) may be bypassed for which situa...; Question 270: Which is an objective of the Financial Action Task Force (FA...; Question 271: What was the topic the Wolfsberg Group's first guidance addr...; Question 272: Which activity is most likely to facilitate money laundering...; Question 273: Which actions are involved when a prosecutor instructs a ban...; Question 274: What is the currency threshold under the European Union Four...; Question 275: The compliance officer for a bank is reviewing on-boarding d...; Question 276: Which of the followingscenarios warrants enhanced due dilige...; Question 277: What does the Basel Committee's Customer Due Diligence for B...; Question 278: Which of the following statements istrueregarding the2012 Fi...; Question 279: What types of things should an institution incorporate in it...; Question 280: A key element required to ensure an anti-money laundering co...; Question 281: An organization uses an automated surveillance system that g...; Question 282: TheFinancial Action Task Force (FATF)routinely publishes a c...; Question 283: Which of the following customers require the most enhanced d...; Question 284: A foreign bank maintains a correspondent account in the US. ...; Question 285: To provide aid in investigating a cross-border money launder...; Question 286: A new compliance officer is reviewing the bank's anti-money ...; Question 287: Which is a key aspect of the first EU Directive on Money Lau...; Question 288: Which elements can trigger a review of the existing relation...; Question 289: Which of the following are the most suspicious transaction i...; Question 290: What are two sources for maintaining up-to-date sanctions in...; Question 291: What is a key objective of the Egmont Group?...; Question 292: A law enforcement agency submits several requests to a finan...; Question 293: What reputational risk consequence could a financial entity ...; Question 294: Based on the AML principles outlined by the Wolfsberg Group,...; Question 295: An anti-money laundering specialist is employed by a large m...; Question 296: Abank is preparing for a regulatory examafter a previousregu...; Question 297: Which three are the most commonly used risk criteria?...; Question 298: The recommended way lot a financial institution to respond t...; Question 299: The primary roles of a Country's Financial Intelligence Unit...; Question 300: What is an indicator of suspicious activity?...; Question 301: A client is a wholesale auto business that operates as a use...; Question 302: Which two aspects of precious metals pose the highest risk o...; Question 303: An institution receives a request for credit from a local co...; Question 304: Which trading pattern may be indicative of money laundering ...; Question 305: Based on studies executed by the Organization for Economic C...; Question 306: Which action by a prospective customer during the account op...; Question 307: The most effective tool used to detect structured transactio...; Question 308: A bank located in New York has identified suspicious transac...; Question 309: Which two actions should Financial Intelligence Units (FIUs)...; Question 310: When creating an anti-money laundering program for a foreign...; Question 311: An analyst reviewing trade finance transactions notices an i...; Question 312: A division anti-money laundering officer for a financial ins...; Question 313: Which section of theUSA PATRIOT Actpermits theU.S. governmen...; Question 314: An anti-money laundering audit identifies a significant weak...; Question 315: Privacy anddata protection restrictionsplaced uponfinancial ...; Question 316: A customer living in a high-risk jurisdiction makes frequent...; Question 317: An accounting firm opened an account at a bank that is inten...; Question 318: Whichpractices should be considered when investigating unusu...; Question 319: Which is the first valid step in the Mutual Legal Assistance...; Question 320: Which should be provided to the board of directors or design...; Question 321: A bank iscompleting a periodic KYC profile reviewfor asmall ...; Question 322: What are two reasons physical certificates present a money l...; Question 323: Which constitute red flags in connection with a company invo...; Question 324: Which of the following scenarios describe common risk indica...; Question 325: A financial institution has expanded its scope of services s...; Question 326: One of the red flags of microstructuring is:...; Question 327: Which of the followingcorporate structurespresent ahigher mo...; Question 328: Which two factors assist a money laundering investigation th...; Question 329: Law enforcement submitted a request to a bank for informatio...; Question 330: Which three should real estate agents include in the criteri...; Question 331: Which scenario is closest to the definition of money launder...; Question 332: The local manager of a remote mortgage origination departmen...; Question 333: How should risk-related issues be addressed to ensure the ef...; Question 334: Bank A is located in Country A. A wire transfer from Bank B ...; Question 335: A bank received a subpoena regarding one of its clients. The...; Question 336: Typical events to identify and investigate potential AML act...; Question 337: How does the Financial Action Task Force (FAT F) measure the...; Question 338: Which three criteria does a shell bank meet according to the...; Question 339: On discovering employees had unintentionally provided assist...; Question 340: A customer has held an account at a local credit institution...; Question 341: AU.S. bank recently received a regulatory order to remediate...; Question 342: An anti-money laundering specialist notes a significant redu...; Question 343: A professional dealer in precious metals and stones in an EU...; Question 344: Which should be provided to the board of directors or design...; Question 345: Which scenario best justifies why a customer's account might...; Question 346: An audit completed the previous week revealed that a private...

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