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

Free ACAMS CAMS Exam Braindumps (page: 2)

90.0% Passing Rate DOWNLOAD PDF EXAM
863 Questions & Answers
Page 2 of 62

A bank account is established for a new business customer. The business was established five years ago with an address in another state. The business website contains few details other than stating it is a real estate business.

One principal has an international telephone number and appears to be living in another country. The other principal works out of a recreational vehicle.

What warrants enhanced due diligence in this scenario?

  1. Shell company
  2. Human trafficker
  3. Politically exposed person
  4. Money laundering through real estate

Answer(s): A



Under the USA PATRIOT Act, in which scenario would the US not have jurisdiction?

  1. US bank subsidiaries located in foreign jurisdictions
  2. Foreign branch of a bank located in the US
  3. Foreign bank with a US correspondent account
  4. Shell banks operating in foreign jurisdictions

Answer(s): D


Reference:

https://www.congress.gov/107/plaws/publ56/PLAW-107publ56.htm



A precious metals dealer opens a new account with a bank. Which requires a referral to AML Investigations for further review?

  1. International outgoing wires to diamond dealers that are part of the diamond pipeline.
  2. Payments received on the account reference unknown companies in the instructions.
  3. International incoming payments from foreign companies in which the precious metals dealer has an established relationship.
  4. Multiple daily point of sale transactions from third parties that appear to be individuals.

Answer(s): B


Reference:

https://www.imf.org/external/pubs/ft/tnm/2014/tnm1401a.pdf



A money service business (MSB) has implemented an automated transaction monitoring system. Upon reviewing an alert, an analyst suspects the activity may be indicative of terrorism financing. Which additional information would indicate the alert should be escalated for further investigation?

  1. The use of funds by a non-profit organization is consistent with the purpose for which it was established.
  2. The raising of donations takes place in an official, registered manner.
  3. Transactions in the name of an entity, a foundation, or association are linked to a trust fund.
  4. A customer donates to an organization that is a sanctioned entity.

Answer(s): C






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

CAMS Exam Discussions & Posts