CAMS

Which situation indicates that the institution should terminate the relationship with a client?

First post and replies  | Last post by Rayford, 7 months ago

What are two red flags that indicate money laundering?

First post and replies  | Last post by Ernest, 7 months ago

What is a key objective of the Egmont Group?

First post and replies  | Last post by Antwan, 7 months ago

How should the investigator respond?

First post and replies  | Last post by Rayford, 7 months ago

Which aspect of the USA PATRIOT Act impacts foreign financial institutions?

First post and replies  | Last post by Vicente, 7 months ago

How should the bank respond?

First post and replies  | Last post by Isaiah, 7 months ago

How should the compliance officer escalate this information to the board of directors?

First post and replies  | Last post by Dante, 7 months ago

How should the bank respond?

First post and replies  | Last post by Gonzalo, 7 months ago

What should the compliance officer do?

First post and replies  | Last post by Carrol, 7 months ago

Which requirement is included in the Fourth European Union Directive on money laundering?

First post and replies  | Last post by Giovanni, 7 months ago

What is a major economic consequence of money laundering through the use of front companies?

First post and replies  | Last post by Antwan, 7 months ago

What is the correct next course of action?

First post and replies  | Last post by Manual, 7 months ago

What is an example of the integration stage of money laundering involving a bank or another deposit-taking institution?

First post and replies  | Last post by Octavio, 7 months ago

Which aspect indicates the potential for money laundering?

First post and replies  | Last post by Chi, 7 months ago

What are two requirements for monitoring and reporting suspicious activity for correspondent banking according to the Wolfsberg Principles? (Choose two.)

First post and replies  | Last post by Philip, 7 months ago

Under which two circumstances may law enforcement be given access to a financial institution customer’s financial records? (Choose two.)

First post and replies  | Last post by Randolph, 7 months ago

Which course of action should the compliance officer take?

First post and replies  | Last post by Gonzalo, 7 months ago

Which reason is cause for terminating the banking relationship?

First post and replies  | Last post by Randolph, 7 months ago

What are the regulatory risks to a bank employee who willfully violates anti-money laundering laws?

First post and replies  | Last post by Gonzalo, 7 months ago

Which red flag identifies a heightened money laundering risk?

First post and replies  | Last post by Galen, 7 months ago

Which statement about a multinational institution’s ability to fully investigate unusual activity in all its foreign operations is correct?

First post and replies  | Last post by Eldridge, 7 months ago

Which two transaction types warrant investigation?

First post and replies  | Last post by Arden, 7 months ago

Which two things must the vice president acquire under the USA PATRIOT Act?

First post and replies  | Last post by Carrol, 7 months ago

Which training element should be delivered to this audience?

First post and replies  | Last post by Coy, 7 months ago

Which two factors should increase the risk of a correspondent bank customer and require additional due diligence according to the Wolfsberg Anti-Money Laundering Principles for Correspondent Banking? (Choose two.)

First post and replies  | Last post by Rashad, 7 months ago

What is the currency threshold under the European Union Fourth Anti-Money Laundering Directive?

First post and replies  | Last post by Mario, 7 months ago

What are two risks to institutions for violating anti-money laundering laws as demonstrated by the 2012 HSBC settlement with United States authorities? (Choose two.)

First post and replies  | Last post by Vicente, 7 months ago

Which red flag indicates the highest anti-money laundering risk?

First post and replies  | Last post by Orval, 7 months ago

What are two reasons physical certificates present a money laundering risk to broker-dealers? (Choose two.)

First post and replies  | Last post by Mario, 7 months ago

Under which three circumstances are U.S. banks required to block transactions?

First post and replies  | Last post by Brain, 7 months ago