Free ACAMS CAMS Übungsprüfungen - Seite 4 von 35

Question #31

Which statement best describes a key aspect of the AML Directive of the EU regarding business relationships and transactions with high-risk third countries?

A . Obliged entities should voluntarily consider the implementation of increased external audit requirements for branches and subsidiaries located in high-risk countries.
B . Obliged entities, in accordance with the member state regulations, should determine at a national level the measures that can be used for enhanced due diligence.
C . Obliged entities should implement additional mitigating measures complementary to the enhanced customer due diligence procedures, in accordance with a risk based approach.
D . Obliged entities should not take into account specific circumstances when performing enhanced due diligence measures.

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Question #32

A law enforcement agency is reviewing a suspicious transaction report (STR) filed by a financial institution for suspicious activity on a client’s account. Subsequently, the agency requests further information.

Which supporting documentation might the law enforcement agency request from the institution to facilitate its investigation?

A . Previously filed STRs on the same customer
B . Account opening documents and account statements
C . Copies of promotional materials sent to the customer
D . A copy of the institution’s STR policy and procedures

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Question #33

Which regulation regarding data privacy has to be considered while carrying out a financial crime investigation?

A . General Data Protection Regulation
B . European Enforcement Order
C . Securities Financing Transactions Regulation
D . Rome II Regulation

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Question #34

Which test should be included in a bank’s Office of Foreign Assets Control sanctions screening audit program?

A . Reviewing wire transfer screening processes to ensure that potential name hits are investigated promptly
B . Looking at copies of suspicious activity reports filed with regulators to ensure completeness
C . Ensuring that all clients with foreign identification are subject to enhanced due diligence
D . Examining Human Resources processes for conducting criminal background checks on executives

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Question #35

Which statement regarding data privacy is the most accurate in the context of AML investigations?

A . FIUs should document purposes for which personal data included on Suspicious Activity Reports (SARs) may be shared with other agencies.
B . Any customer that is the subject of a suspicious report filing has the right to request redaction of their personal data.
C . Data privacy laws prohibit information sharing between financial institutions for the purposes of AML investigations in all jurisdictions.
D . Organizations are required to demonstrate that customers have opted into information sharing before submitting SARs to relevant Financial Intelligence Units (FIUs).

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Question #36

A national Financial Intelligence Unit, which is responsible for receiving, analyzing and disseminating disclosure of financial information, should consider becoming a member of what organization?

A . The Egmont Group
B . The Wolfsberg Group
C . The Financial Action Task Force
D . The Basel Committee

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Richtige Antwort: A
A

Explanation:

it describes the organization that a national Financial Intelligence Unit (FIU) should consider becoming a member of, which is the Egmont Group. The Egmont Group is an international network of FIUs that was established in 1995 to facilitate the exchange of financial intelligence and information among its members, and to promote cooperation and coordination in the fight against money laundering and terrorist financing. The Egmont Group currently has 166 member FIUs from different jurisdictions, and provides them with various benefits, such as access to secure communication channels, best practices, training, and technical assistance. The Egmont Group also works closely with other international organizations, such as the Financial Action Task Force (FATF), the United Nations, and the World Bank, to enhance the global anti-money laundering and counter-terrorist financing (AML/CTF) framework.

The other options are not necessarily organizations that a national FIU should consider becoming a member of, although they may have some relevance or influence on the AML/CTF field.

Option B describes the Wolfsberg Group, which is an association of 13 global banks that was formed in 2000 to develop standards and guidance for the financial industry on AML/CTF and other financial crime issues. The Wolfsberg Group is not an organization for FIUs, but rather for financial institutions.

Option C describes the Financial Action Task Force (FATF), which is an inter-governmental body that was established in 1989 to set the international standards and recommendations for AML/CTF and to monitor the compliance and effectiveness of its members and other jurisdictions. The FATF is not an organization for FIUs, but rather for governments and policy-makers.

Option D describes the Basel

Committee, which is a forum of central bank governors and heads of banking supervision authorities from 28 jurisdictions that was established in 1974 to enhance the quality and consistency of banking supervision and regulation. The Basel Committee is not an organization for FIUs, but rather for banking regulators and supervisors.

Reference: ACAMS CAMS Certification Video Training Course – 6th Edition1

Exam CAMS: Certified Anti-Money Laundering Specialist (the 6th edition)2 ACAMS CAMS Study Guide – 6th Edition, Chapter 5, pages 108-109

: https://www.acams.org/wp-content/uploads/2019/09/ACAMS-CAMS-Study-Guide-6th-Edition-Chapter-5.pdf

Question #37

What should an effective anti-money laundering training program include?

A . Computer-based modules titles differently for each job description in the bank
B . Random testing of employees to ensure proper understanding of policies
C . Real-life money laundering examples
D . Lists of anti-money laundering regulations

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Question #38

What is an example of the integration stage of money laundering involving a bank or another deposit-taking institution?

A . Depositing illicit funds into an account set up for a front company
B . Directing third parties to exchange illicit cash for negotiable instruments
C . Wiring illicit funds from an account at one bank to an account at another bank
D . Using illicit funds that had previously been deposited to purchase a luxury vehicle

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Richtige Antwort: C
C

Explanation:

The integration stage of money laundering is where the illicit funds are reintroduced into the legitimate financial system, making them appear as lawful income or assets. This may include using multiple accounts, transferring funds between different banks or jurisdictions, and engaging in various financial activities to legitimize the illicit funds. The integration stage aims to make the illicit funds appear legitimate and indistinguishable from lawful funds within the financial system1.

Option C is an example of the integration stage of money laundering involving a bank or another

deposit-taking institution, as it involves moving the illicit funds from one bank account to another, creating a complex trail of transactions that obscures the origin and ownership of the funds. This technique is also known as wire transfer laundering or electronic funds transfer laundering2.

Option A is an example of the placement stage of money laundering, as it involves depositing the illicit funds into the financial system for the first time, using a front company as a cover for the illegal source of the funds. A front company is a legitimate business that is used to conceal or facilitate illicit activity.

Option B is an example of the layering stage of money laundering, as it involves converting the illicit cash into other forms of value that are less conspicuous and easier to move, such as negotiable instruments. Negotiable instruments are documents that promise payment to a specified person or the bearer, such as checks, money orders, or traveler’s checks.

Option D is not an example of the integration stage of money laundering involving a bank or another

deposit-taking institution, as it does not involve any financial transactions or accounts. It is rather an

example of the integration stage of money laundering involving the purchase of goods or services,

such as a luxury vehicle, with the illicit funds that had previously been deposited and layered through

the financial system.

Reference: 1: Integration Stage of Money Laundering: Bank or Deposit-Taking Institution

2: Process of Money Laundering: Placement, Layering, Integration – Tutorial

: ACAMS Study Guide 6th Edition, Chapter 2, page 32

: ACAMS Study Guide 6th Edition, Chapter 2, page 34

: The Three Stages Of Money Laundering And How Money Laundering Works

Reference: https://www.moneylaundering.ca/public/law/3_stages_ML.php

Question #39

What should an employee do after witnessing suspicious activity from a coworker?

A . Request that the coworker provide justification for their actions.
B . Escalate to the company’s conflict line or compliance department.
C . Request help from colleagues in determining that the best course of action.
D . Discuss the suspicious activity with your supervisor.

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Question #40

A bank is completing a periodic KYC profile review for a small digital marketing company based in New York City.

Which of the following would be a red flag?

A . The account activity includes deposit activity into both savings and checking accounts.
B . The account activity includes incoming funds transfers at irregular intervals from small businesses located in New York.
C . The account activity includes frequent purchases of tickets to industry conferences and other events.
D . The account activity includes deposits made in multiple branches around New York City into the same account.

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