Online Access Free CAMS-FCI Exam Questions

A SAR/STR regarding money-mule activity prompts law enforcement action. Under U.S. law, the alleged money mules can be prosecuted:

• A.only if they were aware of their role and actively participated.
• B.in a country only if funds were transferred between accounts maintained in the same country.
• C.unless they can prove they were not aware of the origin of the funds.
• D.even if they were unaware that money was transferred.

Law enforcement (LE) suspects human trafficking to occur during a major sporting event LE officers asked several financial institutions (FIs) to monitor financial transactions occurring before, during, and after the event.
An investigator identified a pattern linked to a business. The business' account received multiple even dollar deposits between midnight and 4:00 AM. They occurred each day for several days prior to the date of the sporting event. Also, large cash deposits, typically between 2,000 USD and 3,000 USD. made by a person to the business' account occurred in many branches in the days after the sports event.
There was little information about the company. The company did not have any history of employee payroll expenses or paying taxes. Expenses from the business account included air travel and hotel expenses. Searches about the person making cash deposits showed little. An online social media platform webpage with the individual's name showed ads for dates1' and "companionship." The Fl wants to create an automated alert for human trafficking money laundering after this investigation.
Which activity type should they target?

• A.Payments made for virtual currency
• B.Payments made to multiple hotels in the same city
• C.Multiple deposits between midnight and 4:00 AM
• D.Deposits made within days of major sporting events

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.Examining Human Resources processes for conducting criminal background checks on executives
• D.Ensuring that all clients with foreign identification are subject to enhanced due diligence

A client at a financial institution deposits large amounts of money into an account, and almost immediately, the funds are then distributed to numerous individuals' accounts. The transaction activity described in the scenario is a pattern of:

• A.deposit trading.
• B.geographic usage.
• C.account usage.
• D.safe deposit custody.

CLIENT INFORMATION FORM Client Name: ABC Tech Corp Client ID. Number: 08125 Name: ABC Tech Corp Registered Address: Mumbai, India Work Address: Mumbai, India Cell Phone: "**"'" Alt Phone:
"*""* Email: ........"
Client Profile Information:
Sector: Financial
Engaged in business from (date): 02 Jan 2020 Sub-sector: Software-Cryptocurrency Exchange Expected Annual Transaction Amount: 125,000 USD Payment Nature: Transfer received from clients' fund Received from: Clients Received for: Sale of digital assets The client identified itself as Xryptocurrency Exchange." The client has submitted the limited liability partnership deed. However, the bank's auditing team is unable to identify the client's exact business profile as the cryptocurrency exchange specified by the client as their major business awaits clearance from the country's regulator. The client has submitted documents/communications exchanged with the regulator and has cited the lack of governing laws in the country of their operation as the reason for the delay.
During the financial crime investigation, the investigator discovers that some of the customer due diligence (CDD) documents submitted by the client were fraudulent. The investigator also finds that some of the information in the financial institution's information depository is false. What should the financial crime investigator do next?

• A.Contact the client directly and obtain the relevant notarized documents and information.
• B.Escalate to the compliance officer/money laundering reporting officer to file a SAR/STR.
• C.Report collusion between the cryptocurrency exchange and internal staff in the internal hotline or whistle-blowing channel.
• D.Request that the relationship manager conduct a CDD refresh as it is a material trigger.