Online Access Free ACAMS.CAMS7.v2026-08-01.q180 Practice Test (Page 29)

CAMS7 Exam Question 136

Which statement about terrorist financing is MOST accurate?

A.It always involves large transaction amounts

B.Legitimate funds can also finance terrorism

C.It only occurs through cash smuggling

D.It is unrelated to sanctions compliance

CAMS7 Exam Question 137

Non-compliance with relevant anti-money laundering laws and regulations can result in: (Select Two.)

A.delisting of public filing status.

B.civil and criminal penalties

C.increased reputation risk.

D.inclusion on the UN Consolidated List.

CAMS7 Exam Question 138

Section 319(a) of the USA PATRIOT Act:

A.Permits the U.S. Government to seize funds from a correspondent bank account in the U.S. that has been opened and maintained for a foreign bank in the same amount as has been deposited with the foreign bank.

B.Provides the U.S. Department of Treasury with the authority to apply graduated, proportionate measures against a foreign jurisdiction, foreign financial organization, type of international transaction, or type of account.

C.Allows the appropriate federal banking agency to require a financial organization to produce, within 120 hours, records or information related to the organization's AML compliance or related to a customer of the organization or any account opened, maintained, administered, or managed in the U.S. by the financial organization.

D.Requires due diligence, and in certain situations enhanced due diligence (EDD), for foreign correspondent accounts, which includes virtually all account relationships that organizations can have with a foreign financial organization and private banking for non-citizens of the U.S.

CAMS7 Exam Question 139

When applying new technologies to AML, application programming interfaces (APIs) allow for:

A.Digital identification on mobile devices

B.Different applications to connect and communicate

C.Authentication via artificial intelligence (AI) and biometrics

D.Quick CDD and client traits analysis during onboarding

CAMS7 Exam Question 140

An international bank is headquartered in Madrid, Spain with an office in New York City (NYC), US. The Madrid office is investigating a transaction originating from a customer of the NYC office and inquires whether the NYC office can share any relevant further information on the individual.
Upon further research, the NYC office finds that they have filed a suspicious activity report (SAR) on the individual in the previous year. Which factors need to be considered before sharing the requested information? (Select Two.)

A.The bank should consider jurisdictional privacy requirements and its own policies and procedures to determine what information to share.

B.The bank should report this to the Financial Crimes Enforcement Network (FinCEN) and receive formal guidance before sharing the information.

C.The foreign bank must always request approval by its national anti-financial crime authority to share any information cross-border.

D.The information should only be shared on a need-to-know basis.

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CAMS7 Exam Question 136

CAMS7 Exam Question 137

CAMS7 Exam Question 138

CAMS7 Exam Question 139

CAMS7 Exam Question 140

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