NO.1 Which activity is most likely to facilitate money laundering through on-line systems with
inadequate controls?
A. Conducting anonymous transactions
B. Providing continuous worldwide access
C. Conducting large value transactions
D. Conducting a large volume of transactions
Answer: B

CAMS original questions   

NO.2 What are three factors a financial institution should examine with regard to a new customer
who is opening up a new account? Choose 3 answers
A. The country or location where the customer is from or does business
B. The legal structure of the customer's business
C. The previous financial institutions where the customer has banked
D. The type and size of the business the customer runs
Answer: B,C,D

CAMS Test Questions   

NO.3 What is the result of an increased awareness of the potential for gatekeepers to assist in money
laundering in recent years?
A. The FATF recommendations cover lawyers performing financial transactions
B. Lawyers who represent money launderers can more easily be prosecuted
C. The IMF has raised the profile of gatekeepers, requiring that countries regulate them
D. Accountants are no longer considered gatekeepers, since they are not permitted to set
upcompanies or trusts
Answer: B

CAMS Practice Questions   CAMS Exam Prep   

NO.4 A customer comes into the bank and appears to be ill-at-ease waiting in the teller line. When
the customer gets to the teller, he become exceedingly nervous and asks for a large cashier's check to
be cashed and disbursed to him in $100 bills.
What should the teller do after completing the transaction?
A. File a SAR on the customer
B. Monitor the customer's account going forward
C. Confer with the bank' s account going forward
D. File a CTR on the customer by the end of the day
Answer: A

CAMS test questions   

NO.5 What are three elements of a sound Customer Due Diligence Program?
A. Training as to how and to what extent to identify prospective customers
B. Determination of what type of customer the financial institution will accept
C. Obtaining date of birth and address of a prospective customer
D. Determination of who in the institution should be assigned to the prospective customer as aliaison
Answer: A,B,C

NO.6 What describes the Black Market Peso Exchange money laundering method?
A. An undercover technique to identify politically exposed persons who may assist moneylaunderers
B. The best known money laundering method used by known terrorists
C. A method primarily used by narcotics traffickers to transfer value back to the source country
D. A method used to smuggle dollars or pesos across that border from the U.S. to Mexico, and
viceversa
Answer: C

NO.7 A compliance officer is looking to update an institution's private bank procedures. What should
be included as recommended by the Wolfsberg AML Principles on Private Banking?
A. Dedicated automated AML monitoring of client activity
B. Approval of Politically Exposed Persons (PEPs) by at least one person other than the
relationshipmanager
C. Review of client files annually if there are unusual transactions
D. The institution's senior management has primary responsibility for the relationship
Answer: B

CAMS answers real questions   

NO.8 What should law enforcement provide when asking an institution to keep an account open?
A. A written request with an explanation of the scope of the investigation
B. An explanation of the underlying conduct that is being investigated
C. A written request on government agency letterhead with the appropriate signature
D. An in-person visit by an investigating official to explain the reasons why the account mustremain
open
Answer: C

CAMS Exam Cost   

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Exam Code: CAMS
Exam Name: Certified Anti-Money Laundering Specialists
One year free update, No help, Full refund!
CAMS Test Answers Total Q&A: 137 Questions and Answers
Last Update: 02-04,2016

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