CAMS - Chapter 4 Practice - Review
Exam Questions & Answers (Grade
A+)
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
, CAMS - Chapter 4 Practice - Review
Exam Questions & Answers (Grade
A+)
D. The Organization must have an Appropriately Qualified
Compliance Officer -
correct answer ✅A B C
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:
Exam Questions & Answers (Grade
A+)
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
, CAMS - Chapter 4 Practice - Review
Exam Questions & Answers (Grade
A+)
D. The Organization must have an Appropriately Qualified
Compliance Officer -
correct answer ✅A B C
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:
