CAMS-FCI Dumps Exam Questions
And Answers
Which test should be included in a bank's Office of Foreign Assets
Control sanctions screening audit program?
A. Reviewing wire transfer screening processes to ensure that
potential name hits are investigated promptly
B. Looking at copies of suspicious activity reports filed with
regulators to ensure completeness
C. Ensuring that all clients with foreign identification are subject to
enhanced due diligence
D. Examining Human Resources processes for conducting criminal
background checks on executives -
correct answer ✅Answer: C
Explanation:
The OFAC sanctions screening audit program should include the
requirement that all clients with
foreign identification are subject to enhanced due diligence, as this
provides an extra layer of protection against potential violations of
OFAC sanctions.
Reference: CAMS VI manual, page 132, section 7.2.2.1.1 - "Testing
for OFAC Sanctions Screening Audit." This section specifically states
that the OFAC sanctions screening audit program should include
ensuring that all clients with foreign identification are subject to
enhanced due diligence.
, CAMS-FCI Dumps Exam Questions
And Answers
Which is a key characteristic of the Financial Action Task Force
(FATF) Regional Style Bodies for combatting money
laundering/terrorist financing?
A. Instructing each member country to place FATF
recommendations into law
B. Implementing regional mutual evaluation procedures
C. Emphasizing regional co-operation between member countries
D. Enabling FATF standards to be specific to each region -
correct answer ✅Answer: B
Explanation:
According to the CAMS study guide, the Financial Action Task Force
(FATF) Regional Style Bodies are organizations created by the FATF
to promote the implementation of anti-money laundering and
countering the financing of terrorism (AML/CFT) measures in
specific regions. One of the key characteristics of these bodies is
the implementation of regional mutual evaluation procedures.
Regional mutual evaluations involve member countries evaluating
each other's AML/CFT regimes to identify strengths and
weaknesses and to develop best practices for improvement. This
process allows for greater cooperation between countries and can
help to identify and address regional AML/CFT risks more
And Answers
Which test should be included in a bank's Office of Foreign Assets
Control sanctions screening audit program?
A. Reviewing wire transfer screening processes to ensure that
potential name hits are investigated promptly
B. Looking at copies of suspicious activity reports filed with
regulators to ensure completeness
C. Ensuring that all clients with foreign identification are subject to
enhanced due diligence
D. Examining Human Resources processes for conducting criminal
background checks on executives -
correct answer ✅Answer: C
Explanation:
The OFAC sanctions screening audit program should include the
requirement that all clients with
foreign identification are subject to enhanced due diligence, as this
provides an extra layer of protection against potential violations of
OFAC sanctions.
Reference: CAMS VI manual, page 132, section 7.2.2.1.1 - "Testing
for OFAC Sanctions Screening Audit." This section specifically states
that the OFAC sanctions screening audit program should include
ensuring that all clients with foreign identification are subject to
enhanced due diligence.
, CAMS-FCI Dumps Exam Questions
And Answers
Which is a key characteristic of the Financial Action Task Force
(FATF) Regional Style Bodies for combatting money
laundering/terrorist financing?
A. Instructing each member country to place FATF
recommendations into law
B. Implementing regional mutual evaluation procedures
C. Emphasizing regional co-operation between member countries
D. Enabling FATF standards to be specific to each region -
correct answer ✅Answer: B
Explanation:
According to the CAMS study guide, the Financial Action Task Force
(FATF) Regional Style Bodies are organizations created by the FATF
to promote the implementation of anti-money laundering and
countering the financing of terrorism (AML/CFT) measures in
specific regions. One of the key characteristics of these bodies is
the implementation of regional mutual evaluation procedures.
Regional mutual evaluations involve member countries evaluating
each other's AML/CFT regimes to identify strengths and
weaknesses and to develop best practices for improvement. This
process allows for greater cooperation between countries and can
help to identify and address regional AML/CFT risks more
