ACAMS CAMS CHEAP DUMPS, CAMS EXAM MATERIAL

ACAMS CAMS Cheap Dumps, CAMS Exam Material

ACAMS CAMS Cheap Dumps, CAMS Exam Material

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The Certified Anti-Money Laundering Specialists certification exam covers a wide range of topics related to AML, including money laundering techniques, regulatory frameworks, risk management, and compliance. CAMS exam is designed to test a candidate’s knowledge of these topics and their ability to apply that knowledge in real-world scenarios. CAMS exam is administered by the Association of Certified Anti-Money Laundering Specialists (ACAMS), a leading organization in the AML industry.

The CAMS Certification Exam covers a wide range of topics related to AML, including risk assessments, customer due diligence, transaction monitoring, and sanctions compliance. CAMS exam is designed to test the knowledge and skills of AML professionals and ensure that they are able to effectively identify, prevent, and detect money laundering activities. CAMS exam consists of 120 multiple-choice questions that must be completed within a four-hour time limit.

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CAMS Exam Material | Latest CAMS Test Dumps

You have to get the ACAMS CAMS certification that can keep your job safe and give you a rise in the competition. Success in the CAMS exam improves your rank at your workplace. The Certified Anti-Money Laundering Specialists (CAMS) certification exam helps to upgrade your skills and learn new technologies and applications which you can use in your live projects. If you are worried about how to prepare for the CAMS Certification Exam, just download BraindumpsPass real CAMS Dumps PDF and study well to crack it. Using the CAMS exam questions of BraindumpsPass is the easiest way to pass the Certified Anti-Money Laundering Specialists (CAMS) test.

The Certified Anti-Money Laundering Specialists (CAMS) Certification Exam is a globally recognized certification that is designed to equip professionals with the knowledge and skills required to detect and prevent money laundering activities. Certified Anti-Money Laundering Specialists certification is offered by the Association of Certified Anti-Money Laundering Specialists (ACAMS), which is the largest international membership organization for anti-money laundering professionals. The CAMS Certification is highly respected and recognized by regulatory bodies, financial institutions, and law enforcement agencies around the world.

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q396-Q401):

NEW QUESTION # 396
The compliance officer at a crowdfunding website is in charge of monitoring new crowdfunding projects. Recently, the number of crowdfunding projects has significantly increased.
Which red flag indicates the highest anti-money laundering risk?

  • A. Projects that start and close and are fully funded within a very short period
  • B. Projects with the highest monetary success threshold
  • C. Projects that get funding within days of their start
  • D. Those with the largest number of donors

Answer: A


NEW QUESTION # 397
Which action indicates possible Penza scheme activity?

  • A. A licensed investment advisor lures aging/retired professionals to invest in securities
  • B. A unlicensed investment advisor offers returns that are competitive with industry benchmarks
  • C. A licensed seller offers higher profit on investments in a high risk country
  • D. An unlicensed investment advisor offers profits other investments cannot guarantee

Answer: D


NEW QUESTION # 398
To ensure that an institution's anti-money laundering program is current, which step should be taken?

  • A. The program should be evaluated and updated at least every six months be the Board of Directors
  • B. The program should be sent to the institution's government regulator on a periodic basis
  • C. The program should be reviews by a federal law enforcement officer for gaps in controls
  • D. The program should be reassessed at least annually

Answer: B


NEW QUESTION # 399
What is an example of a legal risk a financial institution (FI) could face if it is sanctioned for failure to report suspected fraud activity?

  • A. The bank could be forced to reimburse the victims of the fraudster for the losses suffered.
  • B. The bank could see higher default rates on loans granted to companies owned by the fraudster.
  • C. Clients of the bank might draw down the reserves of the bank and lead to liquidity issues.
  • D. Foreign correspondents could terminate their relationships with the sanctioned bank.

Answer: A

Explanation:
Failure to report suspected fraud activity is a serious breach of the anti-money laundering (AML) and anti-fraud obligations of a financial institution (FI). It could expose the FI to legal risks, such as civil lawsuits, criminal prosecutions, regulatory sanctions, and reputational damage. One possible legal risk is that the FI could be held liable for the losses suffered by the victims of the fraudster, either by the victims themselves or by a third party acting on their behalf, such as a government agency or a class action representative. This could result in significant financial costs and damages for the FI, as well as loss of trust and confidence from its customers and stakeholders.
Reference:
1: This web article explains what a suspicious activity report (SAR) is, who regulates it, when it is required, and what are the consequences of failing to file it.
2: This guide provides information on how to make a SAR, what to include, how to request a defence against money laundering (DAML), and what happens if you fail to report suspicious activity.
3: This blog post discusses the legal implications of not reporting an alleged crime, such as fraud, and gives examples of cases where individuals or entities were prosecuted or sued for their failure to report.


NEW QUESTION # 400
What does the Egmont Group's support for its members include?

  • A. Issuing strategic products for law enforcement agencies and FIUs on topics of international interest
  • B. Expanding and systematizing international cooperation in the reciprocal exchange of information
  • C. Expanding the ability of FIUs to enforce laws and exchange information globally to combat money laundering and terrorist financing
  • D. Issuing due diligence models for financial institutions

Answer: B

Explanation:
The Egmont Group is a global network of Financial Intelligence Units (FIUs) that aims to enhance the capabilities and cooperation of its members in combating money laundering, terrorist financing, and other financial crimes. The Egmont Group supports its FIU members by helping them to expand and systematize the exchange of financial intelligence and information, improve expertise and capabilities of personnel, and enable secure communication with one another12. The Egmont Group does not issue due diligence models for financial institutions, as this is the responsibility of national regulators and standard-setting bodies. The Egmont Group does not issue strategic products for law enforcement agencies and FIUs, as this is the role of other international organizations such as the Financial Action Task Force (FATF) and the United Nations Office on Drugs and Crime (UNODC). The Egmont Group does not expand the ability of FIUs to enforce laws and exchange information globally, as this depends on the legal and operational frameworks of each FIU and the bilateral or multilateral agreements they have with other FIUs.
Reference:
Egmont Group
Working Groups - Egmont Group
Overview of the Egmont Group of Financial Intelligence Units
The Egmont Group of Financial Intelligence Units | FinCEN.gov
Egmont Group - Qatar Financial Information Unit


NEW QUESTION # 401
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