Online Access Free CAMS7 Exam Questions

Which of the following businesses require enhanced or additional scenarios for identifying anomalous transactions? (Select Two.)

• A.Companies operating in cash intense businesses not subject to licensing requirement
• B.Companies operating hospitals and health-care services
• C.Companies producing pharmaceutical products and medical devices, companies active in the mining industry
• D.Companies operating retail shops countrywide
• E.Companies operating in cash intense businesses subject to licensing requirement

Which of the following best describes one of the principal threats of proliferation financing?

• A.Adversary governments using sophisticated attacks to threaten critical infrastructure and sectors, including finance, health care and energy
• B.Transnational criminal organizations expanding their engagement into more varied types of illicit activities, including human trafficking and corruption
• C.Networks of individuals and entities raising funds to further proliferate their ideological goals wholly or in part through unlawful acts of force or violence
• D.Networks of individuals and entities exploiting financial systems to move funds that will be used to acquire weapons of mass destruction or their components

The primary roles of a Country's Financial Intelligence Unit (FIU) include: (Select Two.)

• A.collaborating with law enforcement agencies, financial institutions, and other stakeholders to detect and prevent Illicit financial activities.
• B.engaging in providing financial services, including banking and investment activities, to the public and private sectors
• C.facilitating the exchange of information between the public and private sectors.
• D.enacting legislation regarding the operations of financial institutions.
• E.conducting examinations of financial institutions to ensure compliance with anti-money laundering regulations.

Which practices should financial institutions (FIs) adopt for the process of terminating customer relationships? (Choose three.)

• A.Notifying the customer of the termination decision only after completing the termination process to prevent possible disputes
• B.Keeping records of the termination process, including the justification for the decision and any correspondence with the customer
• C.Performing a final review of a customer's transaction history and records to address any unresolved issues prior to termination
• D.Utilizing a flexible communication style that adapts to different customer situations during the termination process
• E.Implementing a standardized procedure for customer termination that includes risk assessments and necessary documentation

Red flags for potential money laundering in real estate include completing luxury real estate purchases.
(Select Two.)

• A.in the names of unrelated thud patties.
• B.using legal entities and intermediaries to protect the privacy of the purchasers.
• C.using shell companies or trusts for privacy, lax planning, or asset protection.
• D.using loans backed by cash or certificates of deposit.
• E.using the proceeds from selling a prior property or liquidating investments to make an all-cash purchase