100% Free CAMS Files For passing the exam Quickly UPDATED Mar 27, 2023 [Q136-Q156]

NEW QUESTION 136
According to Basel Committee on Banking Supervision’s Customer Due Diligence for Banks, which of the following should provide an evaluation of a bank’s policies and procedures independent from its management?

NEW QUESTION 137
A startup virtual currency exchange has registered as a money services business and will commence operations in six months. The company will provide digital wallets to customers to hold their virtual currency after purchase. Customers will have the option to conduct purchases of the virtual currency and transfer the currency to and from the digital wallet. The startup must develop an anti-money laundering compliance program prior to launch.
Which two anti-money laundering responsibilities should be considered before business launch? (Choose two.)

NEW QUESTION 138
What should a compliance officer do during an ongoing investigation into a client’s activities by a competent authority?

NEW QUESTION 139
The marketing department presents to an anti-money laundering specialist a business plan targeting individuals holding important public positions. In addition to obtaining the proper identification and basic information from these customers, what else should the anti-money laundering specialist recommend a financial institution do to check the background and conduct enhanced due diligence based on public information?

NEW QUESTION 140
During an ongoing investigation into a client’s activities by a competent authority, a compliance officer should

NEW QUESTION 141
After evaluating recent changes to international standards, an anti-money laundering specialist should consider enhanced due diligence on accounts held by
1. lawyers.
2. foreign exchange dealers.
3. retail account holders.
4. precious metal dealers.

NEW QUESTION 142
What are three indicators of money laundering associated with using electronic funds transfers? Choose 3 answers

NEW QUESTION 143
An anti-money laundering specialist has just developed and implemented an anti-money laundering program.
What is the most effective resource to evaluate the effectiveness of the program?

NEW QUESTION 144
Which three procedures should a compliance officer looking to revise an institution’s CTF efforts include in accordance with the Wolfsberg Group’s Statement on the Suppression of the Financing of Terrorism?

NEW QUESTION 145
Financial Action Task Force (FATF)-style regional bodies are created and obliged to understand the inherent money laundering and terrorist financing risks in the region of the world they serve.
What is one of the methods they use to understand these risks?

NEW QUESTION 146
Which three entities does the Third European Union Money Laundering Directive apply to?

NEW QUESTION 147
You are designing an AI solution that will provide feedback to teachers who train students over the Internet.
The students will be in classrooms located in remote areas. The solution will capture video and audio data of the students in the classrooms.
You need to recommend Azure Cognitive Services for the AI solution to meet the following requirements:
* Alert teachers if a student seems angry or distracted.
* Identify each student in the classrooms for attendance purposes.
* Allow the teachers to log the text of conversations between themselves and the students.
Which Cognitive Services should you recommend?

NEW QUESTION 148
After an institution files an STR with regard to a particular account, a law enforcement agent requests the institution to keep the account open until advised otherwise by law enforcement.
What steps should the institution take?

NEW QUESTION 149
An anti-money laundering officer is conducting employee reviews.
Which employee action warrants enhanced due diligence?

NEW QUESTION 150
Which trading pattern may be indicative of money laundering in capital markets?

NEW QUESTION 151
An audit completed the previous week revealed that a private banking customer submitted incomplete documents when establishing an account earlier in the year. The customer received weekly electronic fund transfers from a narcotic-producing jurisdiction.
While the Relationship Manager who opened the account is on leave for 5 weeks, the customer requests that the institution remit a substantial sum to a country that represents a high risk of money laundering.
The Relationship Manager is a friend of the anti-money laundering specialist. Which of the following should the anti-money laundering officer do first?

NEW QUESTION 152
Which two services should be implemented so that Butler can find available rooms on the technical requirements? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.

NEW QUESTION 153
An anti-money laundering specialist has just developed and implemented an anti-money laundering program. What is the most effective resource to evaluate the effectiveness of the program?

NEW QUESTION 154
Which method is used to launder money via wire remittances sent through a bureau de change or money services business?

NEW QUESTION 155
A remittance company received a money order from a senior political figure m the Philippines to transfer a large sum of money to a charity group in the Philippines. A review of the charity group revealed a director having dose ties with a known terrorist group primarily financed through kidnapping and extortion.
What is a key risk indicator associated with terrorism financing?

NEW QUESTION 156
What is the primary action a financial institution should take before formulating its anti-money laundering program?