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Anti-Money Laundering
Specialist Certification
Earn 32% more than non-certified colleagues,
according to the 2013 ACAMS AML/CFT/FCP
Compensation Survey
Increase their professional value through better
understanding of financial crime detection and
Cams Certification Benefits: prevention techniques
Protect their institution from money laundering
The Certified Anti-Money Laundering Specialist threats and minimize financial crime risks
(CAMS) credential is the gold standard in AML Meet mandated AML training requirements through
certifications and recognized internationally by preparation and study
financial institutions, governments and regulators. Prove their AML expertise to examiners and
regulators
We have CAMS dumps and past paper questions & answers for
your exam training. In this Certified Anti-Money Laundering
Specialists exam we have real exam questions with their answers
so that you can get ready & pass exam in your first try.
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Question No 1:
Which of the following best describes the Black Market Peso Exchange money laundering method?
Answer: C
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Question No 2:
How can a financial institution verify the nature and purpose of a business and its legitimacy? Choose 3
answers
Answer: A, B, D
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Question No 3:
An anti-money laundering specialist has been asked to create internal anti-money laundering policies,
procedures and controls for a recently chartered offshore financial institution. Which of the following should
be included?
Answer: A, B, D
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Question No 4:
Because financial institutions must sort through thousands of transactions each day, which risk-based factors
should an institutions system for monitoring and reporting suspicious activity focus on?
A. The institutions size, nature of business and type and location of its customers
B. Whether a bank accepts cash deposits at its ATMs
C. Drawing on uncollected funds and depositing of third-party instruments
D. Local regulators guidelines, economies of scales and budgetary provisions
Answer: C
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Question No 5:
Answer: C
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Question No 6:
Which three are best practices for embedding compliance into an institutions culture? Choose 3 answers.
A. Having the Compliance Officer review and approve the institutions AML policy
B. Requiring senior management oversee and implement the institutions AML policy
C. Requiring periodic and on-going training on AML issues and procedures
D. Incorporating compliance with the institutions AML policy into the annual evaluation process
Answer: A, C,D
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Question No 7:
A large cash deposit most likely reflects money laundering when it is:
Answer: A, C, D
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Question No 8:
In which three circumstances foes a large-cash deposit most likely reflect money laundering?
Answer: A, B, D
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Question No 9:
The Wolfsburg Principles for Private Banking list circumstances that would require additional due diligence,
including activities that involve which three of these choices?
A. Foreign jurisdictions
B. High Risk Countries, including those identified by credible sources as having inadequate Anti Money
Laundering standards
C. high Risk activities, involving clients and beneficial owners whose source of wealth originates From
activities known to be vulnerable to money laundering
D. Public Officials, including those individuals who have or had positions of public trust
Answer: B, C, D
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Question No 10:
Answer: A or D
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