ACAMS Certification Exam 115 Questions with Verified Answers,ACAMS Practice Exam 241 Questions with Verified Answers,ACAMS Study Guide Practice 120 Questions with Verified Answers,ACAMS Exam 97 Questions with Verified Answers,ACAMS Practice Test (Book) 100 Questions with Verified Answers, ACAMS Tes...
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ACAMS Certification Exam 115 Questions with Verified Answers ABC Bank was served with a search warrant. What next steps should the Bank consider? - CORRECT ANSWER 1. Call the financial institution's in‐house or outside counsel, 2. Review the warrant to understand its scope, 3. Ask for and o...
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Add to cartACAMS Certification Exam 115 Questions with Verified Answers ABC Bank was served with a search warrant. What next steps should the Bank consider? - CORRECT ANSWER 1. Call the financial institution's in‐house or outside counsel, 2. Review the warrant to understand its scope, 3. Ask for and o...
ACAMS Practice Exam 241 Questions with Verified Answers C - CORRECT ANSWER The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - CORRECT ANSWER The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration ...
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Add to cartACAMS Practice Exam 241 Questions with Verified Answers C - CORRECT ANSWER The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - CORRECT ANSWER The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration ...
ACAMS Study Guide Practice 120 Questions with Verified Answers Which of the following is the most common method of laundering money through a legal money services business? A. Exchanging currency and remitting money B. Smuggling bulk cash C. Transferring funds through payable through account...
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Add to cartACAMS Study Guide Practice 120 Questions with Verified Answers Which of the following is the most common method of laundering money through a legal money services business? A. Exchanging currency and remitting money B. Smuggling bulk cash C. Transferring funds through payable through account...
ACAMS Exam 97 Questions with Verified Answers Define a red flag. - CORRECT ANSWER A warning signal that should bring attention to a potentially suspicious situation, transaction or activity. Define willful blindness. - CORRECT ANSWER A legal principle that operates in money laundering cases ...
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Add to cartACAMS Exam 97 Questions with Verified Answers Define a red flag. - CORRECT ANSWER A warning signal that should bring attention to a potentially suspicious situation, transaction or activity. Define willful blindness. - CORRECT ANSWER A legal principle that operates in money laundering cases ...
ACAMS Practice Test (Book) 100 Questions with Verified Answers Which of the following is the most common method of laundering money through a legal money services business? - CORRECT ANSWER Purchasing structured money instruments In general, the 3 phases of money laundering are said to be:...
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Add to cartACAMS Practice Test (Book) 100 Questions with Verified Answers Which of the following is the most common method of laundering money through a legal money services business? - CORRECT ANSWER Purchasing structured money instruments In general, the 3 phases of money laundering are said to be:...
ACAMS Test Review 202 Questions with Verified Answers Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - CORRECT ANSWER AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financia...
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Add to cartACAMS Test Review 202 Questions with Verified Answers Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - CORRECT ANSWER AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financia...
ACAMS Exam 213 Questions with Verified Answers Bank Draft - CORRECT ANSWER Vulnerable to money laundering because it represents a reputable international monetary instrument drawn on a reputable institution, and is often made payable-in cash-upon presentation and at the issuing institution's a...
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Add to cartACAMS Exam 213 Questions with Verified Answers Bank Draft - CORRECT ANSWER Vulnerable to money laundering because it represents a reputable international monetary instrument drawn on a reputable institution, and is often made payable-in cash-upon presentation and at the issuing institution's a...
ACAMS Exam 213 Questions with Verified Answers 2023 Definition of money laundering - CORRECT ANSWER Taking criminal proceeds and disguising their illegal origins to use to perform legal or illegal acts 3 stages of money laundering - CORRECT ANSWER Placement, Layering, Integration Placemen...
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Add to cartACAMS Exam 213 Questions with Verified Answers 2023 Definition of money laundering - CORRECT ANSWER Taking criminal proceeds and disguising their illegal origins to use to perform legal or illegal acts 3 stages of money laundering - CORRECT ANSWER Placement, Layering, Integration Placemen...
ACAMS Exam Review 70 Questions with Verified Answers Define "smurfing." - CORRECT ANSWER The use of multiple individuals and/or transactions for making cash deposits, buying monetary transactions or banks drafts in amounts under the reporting threshold. (NB: Some equate this term with stru...
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Add to cartACAMS Exam Review 70 Questions with Verified Answers Define "smurfing." - CORRECT ANSWER The use of multiple individuals and/or transactions for making cash deposits, buying monetary transactions or banks drafts in amounts under the reporting threshold. (NB: Some equate this term with stru...
ACAMS Exam 344 Questions with Verified Answers 2 ways remittance services can foster ML - CORRECT ANSWER • Packages containing large cash sums and even drugs anonymously. • Another technique commonly used by money remitters and currency exchanges is for the broker to make the funds availab...
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Add to cartACAMS Exam 344 Questions with Verified Answers 2 ways remittance services can foster ML - CORRECT ANSWER • Packages containing large cash sums and even drugs anonymously. • Another technique commonly used by money remitters and currency exchanges is for the broker to make the funds availab...
ACAMS Exam 65 Questions with Verified Answers 1) Gold is an extremely attractive vehicle for laundering because it is relatively compact and easy to transport 2) the gold market is a target for criminal activity because it is lucrative and holds its value regardless of the form it takes - CORR...
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Add to cartACAMS Exam 65 Questions with Verified Answers 1) Gold is an extremely attractive vehicle for laundering because it is relatively compact and easy to transport 2) the gold market is a target for criminal activity because it is lucrative and holds its value regardless of the form it takes - CORR...
ACAMS Flash Cards - Chapter 1|56 Questions with Verified Answers What is money laundering - CORRECT ANSWER The taking of criminal proceeds and disguising their illegal source in order to use the funds for legal or illegal acts Give an example of the second stage in the money laundering cycle -...
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Add to cartACAMS Flash Cards - Chapter 1|56 Questions with Verified Answers What is money laundering - CORRECT ANSWER The taking of criminal proceeds and disguising their illegal source in order to use the funds for legal or illegal acts Give an example of the second stage in the money laundering cycle -...
ACAMS Study Guide (6th Edition) Chapter 1|55 Questions with Answers What is Money Laundering? - CORRECT ANSWER Money laundering is the taking of criminal proceeds and disguising their illegal sources in order to use the funds to perform legal or illegal acts. Describe the three phases of M...
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Add to cartACAMS Study Guide (6th Edition) Chapter 1|55 Questions with Answers What is Money Laundering? - CORRECT ANSWER Money laundering is the taking of criminal proceeds and disguising their illegal sources in order to use the funds to perform legal or illegal acts. Describe the three phases of M...
ACAMS Vocabulary Exam 113 Questions with Verified Answers Account monitoring order - CORRECT ANSWER ____ _____ ____ : In the United Kingdom and several other countries, an order from a government authority requiring a nancial institution to provide transaction information on a suspect account f...
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Add to cartACAMS Vocabulary Exam 113 Questions with Verified Answers Account monitoring order - CORRECT ANSWER ____ _____ ____ : In the United Kingdom and several other countries, an order from a government authority requiring a nancial institution to provide transaction information on a suspect account f...
ACAMS Exam 75 Questions with Verified Answers Identify the 3 important tasks that FATF focuses on - CORRECT ANSWER 1. Spreading the anti-money laundering message worldwide 2. Monitoring implementation of the FATF Recommendations among FATF members 3. Reviewing ML trends and counters asures ...
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Add to cartACAMS Exam 75 Questions with Verified Answers Identify the 3 important tasks that FATF focuses on - CORRECT ANSWER 1. Spreading the anti-money laundering message worldwide 2. Monitoring implementation of the FATF Recommendations among FATF members 3. Reviewing ML trends and counters asures ...
ACAMS 4 Exam 78 Questions with Verified Answer SAFE HARBOR What is a safe harbor for reporting suspicious activity? - CORRECT ANSWER Safe harbor is defined as legal protection for financial institutions, their directors, officers and employees from criminal and civil liability for breach of an...
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Add to cartACAMS 4 Exam 78 Questions with Verified Answer SAFE HARBOR What is a safe harbor for reporting suspicious activity? - CORRECT ANSWER Safe harbor is defined as legal protection for financial institutions, their directors, officers and employees from criminal and civil liability for breach of an...
ACAMS Module 4 - Conducting and responding to investigations 37 Questions with Answers AML/CFT source of investigations - CORRECT ANSWER * Regulatory recommendations or official findings * Transaction monitoring * Referrals from customer-facing employees * Internal hotlines * Negative medi...
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Add to cartACAMS Module 4 - Conducting and responding to investigations 37 Questions with Answers AML/CFT source of investigations - CORRECT ANSWER * Regulatory recommendations or official findings * Transaction monitoring * Referrals from customer-facing employees * Internal hotlines * Negative medi...
ACAMS Chapter 3: Anti-Money Laundering/Counter Terrorist Financing Compliance Programs Pros of Risk Based Approach - CORRECT ANSWER -Flexible: as ML/TF risk vary across jurisdictions, customers, products and delivery channels, and over time -Effective: As companies are better equipped than leg...
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Add to cartACAMS Chapter 3: Anti-Money Laundering/Counter Terrorist Financing Compliance Programs Pros of Risk Based Approach - CORRECT ANSWER -Flexible: as ML/TF risk vary across jurisdictions, customers, products and delivery channels, and over time -Effective: As companies are better equipped than leg...
ACAMS Study Guide (6th Edition) Chapter 2|53 Questions with Verified Answers Identify the three important tasks that FATF focuses on. - CORRECT ANSWER • Spreading the anti-money laundering message worldwide, • Monitoring implementation of the FATF Recommendations among FATF members, and ...
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Add to cartACAMS Study Guide (6th Edition) Chapter 2|53 Questions with Verified Answers Identify the three important tasks that FATF focuses on. - CORRECT ANSWER • Spreading the anti-money laundering message worldwide, • Monitoring implementation of the FATF Recommendations among FATF members, and ...
ACAMS Practice Test 2 (Flash Cards) 175 Questions with Verified Answers When a financial institution is served with a search warrant by a law enforcement agency, what are three things that the employees of the institution should do? - CORRECT ANSWER - They should cooperate fully with the law enfo...
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Add to cartACAMS Practice Test 2 (Flash Cards) 175 Questions with Verified Answers When a financial institution is served with a search warrant by a law enforcement agency, what are three things that the employees of the institution should do? - CORRECT ANSWER - They should cooperate fully with the law enfo...
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