Cisco®
CompTIA
Checkpoint
ISC
EC-Council
EXIN
Fortinet
ITIL®
Juniper
Microsoft
VMware
Avaya
SAP
Google
Salesforce
Amazon
Palo Alto Networks
ISC2
All Vendors
  2. Home
  3. Exams
  4. ACAMS
  5. CAMS

Free ACAMS CAMS Exam Questions (page: 11)

Page 11 of 62
PDF with 863 Questions

A benefit of using bearer shares in corporate formations is that bearer shares are:

  1. widely accepted in the financial world.
  2. entered in the register of owners.
  3. associated with lower costs in setting up a company.
  4. easily transferred so the holder claims ownership.

Answer(s): D


Reference:

https://www.investopedia.com/terms/b/bearerform.asp



Which response represents a high-level principle for FATF-Style Regional Bodies (FSRB)?

  1. Membership, mission, financial procedures, and budget
  2. Dependent with different experiences to strengthen the overall effort
  3. Access to documents and assistance with meetings
  4. Reciprocity for effective participation and recognition of work

Answer(s): D


Reference:

https://www.fatf-gafi.org/media/fatf/documents/High-Level%20Principles%20and%20Objectives%20for%20FATF%20and%20FSRBs.pdf (4)



A compliance officer for a casino may suspect money laundering if an individual:

  1. invokes reporting requirements through a lump sum payment.
  2. refers to casino associates by their first name.
  3. purchases a low volume of chips with cash and turns them in for a casino check.
  4. requests to have winnings transferred to a bank account of a third party.

Answer(s): D


Reference:

https://www.americangaming.org/wp-content/uploads/2018/12/Best-Practice-2017.pdf



A startup virtual currency exchange has registered as a money services business and will commence operations in six months. The company will provide digital wallets to customers to hold their virtual currency after purchase. Customers will have the option to conduct purchases of the virtual currency and transfer the currency to and from the digital wallet. The startup must develop an anti-money laundering compliance program prior to launch.

Which two anti-money laundering responsibilities should be considered before business launch? (Choose two.)

  1. A customer onboarding process
  2. Transaction limits consistent with risk appetite
  3. Employees to handle complaints in a timely fashion
  4. Mechanisms to monitor and protect customers’ digital wallets from cyber-attacks

Answer(s): B,D



Viewing page 11 of 62
Viewing questions 41 - 44 out of 863 questions



Post your Comments and Discuss ACAMS CAMS exam prep with other Community members:

CAMS Exam Discussions & Posts