CAMS PRACTICE QUESTIONS REVIEW WITH ALL
CORRECT & 100% VERIFIED ANSWERS|ACTUAL
COMPLETE EXAM|LATEST UPDATE
According to the EU Directives an independent legal professional is obligated to report suspicion of
money laundering in a client relationship when:
A. Representing a client in a legal matter
B. Ascertaining the legal position for a client
C. Participating in financial or corporate transactions
D. Obtaining information associated with a judicial proceeding ✔Correct Answer-C
The FinCEN "Advisory to US Financial Institutions on Promoting a Culture of Compliance" published
in 2014 listed six areas of emphasis. Which three areas below are included in that list:
A. Leadership Should Be Engaged
B. Information Should Be Shared Throughout the Organization
C. Leadership and Staff Should Understand How Their BSA Reports are Used
D. The Organization must have an Appropriately Qualified Compliance Officer ✔Correct Answer-A
BC
Which of the following should a national legislature consider when criminalizing money laundering in
line with the CFAFT 19 Recommendations:
A. Do not limit the number of specific predicate offenses for money laundering
B. Criminalize conspiracy or association to engage in money laundering
C. Indicate whether it is relevant that a predicate offense may have been committed outside the local
jurisdiction
D. Require money laundering offenses to prove that the offender has actual knowledge of a criminal
connection to the funds ✔Correct Answer-A B C
According to the FATF40 Recommendations "designated non-financial businesses and professions"
include:
A. Casinos, real estate agents and dealers in precious stones
B. MSBs , gatekeepers and issuers of electronic money
C. Dealers in precious metals, lawyers, commodity futures traders
D. Life insurance companies, real estate agents and notaries ✔Correct Answer-A
According to the FATF 405 R, the threshold for identifying occasional customers at financial
institutions is:
A. EURO/USD 5K
B. EURO/USD 10K
C. EURO/USD 15K
D. EURO/USD 20K ✔Correct Answer-C
CORRECT & 100% VERIFIED ANSWERS|ACTUAL
COMPLETE EXAM|LATEST UPDATE
According to the EU Directives an independent legal professional is obligated to report suspicion of
money laundering in a client relationship when:
A. Representing a client in a legal matter
B. Ascertaining the legal position for a client
C. Participating in financial or corporate transactions
D. Obtaining information associated with a judicial proceeding ✔Correct Answer-C
The FinCEN "Advisory to US Financial Institutions on Promoting a Culture of Compliance" published
in 2014 listed six areas of emphasis. Which three areas below are included in that list:
A. Leadership Should Be Engaged
B. Information Should Be Shared Throughout the Organization
C. Leadership and Staff Should Understand How Their BSA Reports are Used
D. The Organization must have an Appropriately Qualified Compliance Officer ✔Correct Answer-A
BC
Which of the following should a national legislature consider when criminalizing money laundering in
line with the CFAFT 19 Recommendations:
A. Do not limit the number of specific predicate offenses for money laundering
B. Criminalize conspiracy or association to engage in money laundering
C. Indicate whether it is relevant that a predicate offense may have been committed outside the local
jurisdiction
D. Require money laundering offenses to prove that the offender has actual knowledge of a criminal
connection to the funds ✔Correct Answer-A B C
According to the FATF40 Recommendations "designated non-financial businesses and professions"
include:
A. Casinos, real estate agents and dealers in precious stones
B. MSBs , gatekeepers and issuers of electronic money
C. Dealers in precious metals, lawyers, commodity futures traders
D. Life insurance companies, real estate agents and notaries ✔Correct Answer-A
According to the FATF 405 R, the threshold for identifying occasional customers at financial
institutions is:
A. EURO/USD 5K
B. EURO/USD 10K
C. EURO/USD 15K
D. EURO/USD 20K ✔Correct Answer-C
