100% PASS-RATE EXAM TOPICS CAMS PDF–CORRECT PDF QUESTION FOR CAMS

100% Pass-Rate Exam Topics CAMS Pdf–Correct PDF Question for CAMS

100% Pass-Rate Exam Topics CAMS Pdf–Correct PDF Question for CAMS

Blog Article

Tags: Exam Topics CAMS Pdf, CAMS PDF Question, Valid CAMS Exam Review, CAMS Download, CAMS Reliable Test Voucher

DOWNLOAD the newest NewPassLeader CAMS PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1iL0A7QABt-gdG934dP3snkVP6dl0H_pT

Our CAMS training materials are the latest, valid and accurate study material for candidates who are eager to clear CAMS exams. You can actually grasp the shortest time to do as much interesting and effective things you like as possible. CAMS real questions are high value & high pass rate with competitive price products. And our pass rate of CAMS Study Guide is as high as 99% to 100%. As long as you study with our CAMS exam questions, you will pass the CAMS exam easily.

The CAMS exam is designed to test the candidates' knowledge of AML laws, regulations, and best practices, including customer due diligence, suspicious activity reporting, sanctions screening, risk assessment, and compliance monitoring. CAMS Exam consists of 120 multiple-choice questions, and candidates have four hours to complete it. The passing score for the exam is 75%.

>> Exam Topics CAMS Pdf <<

CAMS PDF Question - Valid CAMS Exam Review

You can practice all the difficulties and hurdles which could be faced in an actual ACAMS exam. It also assists you in boosting confidence and reducing problem-solving time. The Pass4future designs CAMS desktop-based practice software for desktops, so you can install it from a website and then use it without an internet connection. You only need an internet connection to verify the license of the products. No other plugins are required to employ it.

Difficulty in writing CAMS Exam

This exam is very difficult especially for those who have not a securities compliance or regulatory background and don't know how to handle AML investigations, money laundering schemes, various international AML regulations and setting up an AML compliance program. Candidates can only get good grades in the CAMS exam by dedication, hard work, and most accurate preparation material. There are many online platforms which are providing CAMS exam preparation material but they are not verified by experts. So, candidates have to choose a platform which gives them the best and authentic CAMS exam dumps which can make a good impact on your final result. There are many people rely on such kind of platforms but in the end, they are mostly getting poor grades. Candidates don't have to worry about this as NewPassLeader is only one of the best platform that provides the best CAMS preparation material. Our CAMS exam dumps consist of all the topics and the questions that will be asked in the real exam and the best part is that we provide CAMS exam dumps in PDF format that you can easily read it offline on smartphones and other electronic accessories such as laptops, desktops, and tablets. NewPassLeader also contain braindumps which will be really helpful in making notes.

The Certified Anti-Money Laundering Specialists (CAMS) exam is one of the most recognized and respected certifications in the field of anti-money laundering (AML). The CAMS Certification is designed to recognize individuals who have attained a high level of knowledge and expertise in AML, and who have demonstrated a commitment to the profession through continuing education and ongoing professional development. The CAMS exam covers a wide range of topics, including AML regulations, risk assessments, transaction monitoring, and sanctions screening.

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q560-Q565):

NEW QUESTION # 560
Which step should financial institutions take when complying with sanctions requirements?

  • A. Change the risk profile to "high-risk" if an existing customer becomes a sanctioned entity and continue monitoring further transactions.
  • B. Freeze the funds or assets of designated persons and entities once this decision is approved by the Board.
  • C. Adopt automatic screening systems to detect designated persons and entities.
  • D. Conduct enhanced due diligence for prohibited entities on the sanctions list.

Answer: B

Explanation:
The financial institution should freeze the funds or assets of designated persons and entities once this decision is approved by the Board. This is to comply with the obligation to implement targeted financial sanctions imposed by the United Nations Security Council (UNSC) or other relevant authorities. Freezing means preventing any access, use, transfer, or disposal of the funds or assets by the designated persons and entities or by any other person on their behalf. The financial institution should also report the freezing action to the competent authority and the relevant sanctions committee12.
Option A is not a sufficient step to comply with sanctions requirements, but rather a tool to facilitate compliance. Adopting automatic screening systems to detect designated persons and entities can help the financial institution to identify potential matches and flag them for further investigation. However, screening systems are not infallible and may generate false positives or false negatives. Therefore, the financial institution should also conduct manual checks and verification of the screening results13.
Option B is not a relevant step to comply with sanctions requirements, but rather a measure to mitigate money laundering and terrorist financing risks. Conducting enhanced due diligence for prohibited entities on the sanctions list may be useful to obtain more information about the nature and purpose of the business relationship, the source and destination of the funds, and the beneficial ownership and control structure of the entity. However, enhanced due diligence does not replace the obligation to freeze the funds or assets of the designated persons and entities14.
Option C is not an appropriate step to comply with sanctions requirements, but rather a violation of the obligation to freeze the funds or assets of the designated persons and entities. Changing the risk profile to "high-risk" if an existing customer becomes a sanctioned entity and continuing to monitor further transactions may expose the financial institution to legal and reputational risks, as well as potential sanctions evasion or circumvention. The financial institution should terminate the business relationship with the designated person or entity and freeze their funds or assets without delay1 .


NEW QUESTION # 561
A client has retained a lawyer to create a financial holding company. The lawyer resides in Europe. The client provides all requested documentation to the lawyer. However, the lawyer becomes suspicious that the customer is engaged in criminal activity and intends to use the financial holding company for money laundering purposes. Which of the following should an anti-money laundering specialist recommend according to the European Union Money Laundering Directives?

  • A. Consult with the competent authority to receive advice on how to handle the transaction.
  • B. There is no need to file a suspicious transaction report, as this activity is covered by attorney-client privilege.
  • C. Report the activity as suspicious to the competent authority because the lawyer is covered by these directives.
  • D. Freeze the client's assets so that all records can be turned over to the competent authorities.

Answer: C


NEW QUESTION # 562
According to the Financial Action Task Force 40 Recommendations, simplified customer due diligence or reduced measures could be acceptable for which of the following types of products or transactions?
1. Life insurance policies where the annual premium is no more than USD/EUR 1,000 or a single premium of no more than USD/EUR 2,500.
2. Insurance policies for pension schemes if there is no surrender clause and the policy cannot be used as collateral.
3. A ptfiisiui i Ll idL pr uviJcfb lelir emei it bei lefils Lu employees.
4. Trusts where the settlor, trustee and beneficiaries are identified and the shares are in bearer form.

  • A. 1, 2, and 3 only
  • B. 1, 3, and 4 only
  • C. 2, 3, and 4 only
  • D. 1, 2, and 4 only

Answer: A

Explanation:
According to the Financial Action Task Force (FATF) 40 Recommendations, simplified customer due diligence (CDD) or reduced measures could be acceptable for certain types of products or transactions that have a low risk of money laundering or terrorist financing, based on a reasonable assessment of the risk by countries or by financial institutions. These include:
Life insurance policies where the annual premium is no more than USD/EUR 1,000 or a single premium of no more than USD/EUR 2,500. This is because the amount of money involved is relatively small and the payout is usually contingent on a specific event, such as death or disability, which reduces the likelihood of abuse by criminals.
Insurance policies for pension schemes if there is no surrender clause and the policy cannot be used as collateral. This is because the beneficiaries of these policies are usually predetermined and the funds are locked in until retirement age, which limits the possibility of transferring or withdrawing the money for illicit purposes.
A pension, superannuation or similar scheme that provides retirement benefits to employees, where contributions are made by way of deduction from wages and the scheme rules do not permit the assignment of a member's interest under the scheme. This is because the source of funds is known and verified by the employer and the scheme is regulated and supervised by competent authorities, which reduces the risk of money laundering or terrorist financing.
The other option, trusts where the settlor, trustee and beneficiaries are identified and the shares are in bearer form, is not eligible for simplified CDD or reduced measures, because the use of bearer shares poses a high risk of anonymity and concealment of beneficial ownership, which could facilitate money laundering or terrorist financing.
References:
FATF 40 Recommendations, Recommendation 10 and Interpretive Note to Recommendation 10, paragraphs 17-18.


NEW QUESTION # 563
Combating the Financing of Terrorism (CFT)]
When investigating an AML event, which techniques would be used to investigate suspected mule accounts?
(Select Three.)

  • A. Reconcile the stated purpose of the account with actual transaction history and compare with peer groups.
  • B. Submit a suspicious activity report to the national financial intelligence unit.
  • C. Review the account history and determine if there are previous payments to charity accounts.
  • D. Establish the frequency with which the funds are moved in and out of the accounts.
  • E. Determine if the suspected accounts are being accessed by a common person, telephone number, or device.
  • F. Contact the appropriate law enforcement agency and report the account activity.

Answer: A,D,E

Explanation:
When investigating an AML event, the following techniques would be used to investigate suspected mule accounts:
A: Determine if the suspected accounts are being accessed by a common person, telephone number, or device.
This can help identify if the accounts are controlled by the same person or group, or if they are part of a larger network of mules. It can also help detect if the accounts are opened using synthetic identities or stolen credentials12.
B: Reconcile the stated purpose of the account with actual transaction history and compare with peer groups.
This can help assess if the account activity is consistent with the customer profile, risk rating, and expected behavior. It can also help identify anomalies, such as sudden changes in transaction patterns, large or frequent transfers, or transactions with high-risk jurisdictions or entities12.
E: Establish the frequency with which the funds are moved in and out of the accounts. This can help measure the velocity and volume of the funds flowing through the accounts, which can indicate if the accounts are used for layering or integration of illicit funds. It can also help detect if the accounts are used for smurfing, which is a technique of breaking down large amounts of cash into smaller deposits to avoid detection or reporting thresholds13.
References:
CAMS Study Guide (the 6th edition), page 1841
Mule accounts: how to track them down - Linkurious2
Money Mules - FBI3


NEW QUESTION # 564
Which two steps should a financial institution take when it receives a law enforcement request to keep an account open that may be associated with suspicious or criminal activity? (Choose two.)

  • A. File a suspicious transaction report on the account owner(s)
  • B. Ask for a written request from the law enforcement agency that defines the duration
  • C. Maintain account records for at least five years after the request expires
  • D. Stop filing suspicious transaction reports because law enforcement will be monitoring the account

Answer: B,C


NEW QUESTION # 565
......

CAMS PDF Question: https://www.newpassleader.com/ACAMS/CAMS-exam-preparation-materials.html

What's more, part of that NewPassLeader CAMS dumps now are free: https://drive.google.com/open?id=1iL0A7QABt-gdG934dP3snkVP6dl0H_pT

Report this page