Question: 29

A Money Laundering Reporting Officer (MLRO) was aware that a strategically important client of the bank was sending money to human traffickers. However, the MLRO did not report the activity to law enforcement or move to exit the relationship. What is the legal term for the activity the MLRO engaged in?

Avoidance
Circumvention
Negligent conduct
Willful blindness

Answer(s): D

Reference:

https://www.moneylaunderingnews.com/2018/08/the-bsa-civil-penalty-regime-reckless-conductcan-result-in-willful-penalties/

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Question: 30

An AML training program should include which requirement?

New tellers should receive training after their first year on the identification of suspicious or unusual activity.
New lending staff should receive annual training on the preparation of currency transaction reporting.
New staff should receive training during employee orientation or shortly thereafter on bank procedures.
New operational staff should receive training shortly after hire on currency transaction reporting exemptions.

Answer(s): C

Reference:

https://bsaaml.ffiec.gov/manual/AssessingTheBSAAMLComplianceProgram/05

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Question: 31

A law enforcement agent is conducting an investigation into a possible money laundering event. During the investigation, the officer will use:

the follow the money approach.
confirmed evidence obtained from financial intelligence units.
a process to identify suspicious activity.
a risk-based approach alert generating system.

Answer(s): B

Reference:

https://www.fmu.gov.pk/docs/Anti-Money-Laundering-Act-2010-amended-upto-Sep.%202020.pdf

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Question: 32

Which is a key goal of EU Directives on money laundering?

Establish a consistent regulatory environment across the EU to prevent money laundering
Address control of payments in EU countries to reduce money laundering
Allow member states to discuss the draft legislation with the cooperation of the EU Financial Intelligence Units (FIUs)
Build a network of financial institutions (FIs) that work together to prevent money laundering across the EU

Answer(s): A

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Free ACAMS CAMS Exam Questions (page: 9)

Question: 29

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Question: 30

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Question: 31

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Question: 32

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