Leo Walsh Leo Walsh's Profile Page

Leo Walsh Leo Walsh

0 Course Enrolled • 0 Course Completed

Biography

ACAMS CAMS Realistic New Study Notes

DOWNLOAD the newest PremiumVCEDump CAMS PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1CnQsmuJDDMUF66763wDV0bNNzj0rOgPw

Even in a globalized market, the learning material of similar CAMS doesn't have much of a share, nor does it have a high reputation or popularity. In this dynamic and competitive market, the CAMS study materials can be said to be leading and have absolute advantages. In order to facilitate the user real-time detection of the learning process, we CAMS practice materials provided by the questions and answers are all in the past.it is closely associated, as our experts in constantly update products every day to ensure the accuracy of the problem, so all CAMS practice materials are high accuracy.

If you want to get CAMS certification, you may need to spend a lot of time and energy. With our CAMS study materials, you can save a lot of time and effort. We know that you must have a lot of other things to do, and our CAMS learning guide will relieve your concerns in some ways. We can claim that if you study with our CAMS practice engine for 20 to 30 hours, you will be confident to pass the exam by the first attempt.

>> New CAMS Study Notes <<

Examcollection CAMS Dumps & Study CAMS Dumps

Most people said the process is more important than the result, but as for CAMS exam, the result is more important than the process, because it will give you real benefits after you obtain CAMS exam certification in your career in IT industry. If you have made your decision to pass the exam, our CAMS exam software will be an effective guarantee for you to Pass CAMS Exam. Maybe you are still doubtful about our product, it does't matter, but if you try to download our free demo of our CAMS exam software first, you will be more confident to pass the exam which is brought by our PremiumVCEDump.

To be eligible for the ACAMS CAMS certification exam, candidates must have a minimum of 40 qualifying credits, which can be earned through education, work experience, or professional development activities. Candidates must also agree to abide by the ACAMS Code of Professional Conduct and Ethics. CAMS Exam itself consists of 120 multiple-choice questions and must be completed within three and a half hours.

ACAMS Certified Anti-Money Laundering Specialists (the 6th edition) Sample Questions (Q108-Q113):

NEW QUESTION # 108
The Financial Action Task Force (FATF) routinely publishes a catalog of jurisdictions requiring enhanced monitoring, which is commonly called the:

A. Yellow notice.
B. Red notice.
C. Grey list.
D. White list.

Answer: C

Explanation:
The FATF Grey List consists of countries with AML/CFT deficiencies that have committed to reforms.
Option C (Correct): Grey-listed jurisdictions are under increased monitoring and must address identified deficiencies within a set timeframe.
Option A (Incorrect): Yellow notices are used by INTERPOL, not FATF.
Option B (Incorrect): Red notices refer to INTERPOL arrest warrants, not FATF monitoring lists.
Option D (Incorrect): FATF does not maintain a "white list" of compliant jurisdictions.

NEW QUESTION # 109
Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)

A. Those who are authorized signers on the account
B. Those who are the ultimate source of funds for the account and whose source of wealth should be subject to due diligence
C. Those who generally have ultimate control through ownership or other means over the funds in the account
D. Those who have legal title to a controlling share interest in the customer

Answer: B,C

Explanation:
Explanation/Reference: https://www.wolfsberg-principles.com/sites/default/files/wb/pdfs/wolfsberg-standards/10.%
20Wolfsberg-Private-Banking-Prinicples-May-2012.pdf (2)

NEW QUESTION # 110
Which function provided by lawyers can be useful to a potential money launderer as documented by FATF in its typology report 2000-2001? Choose 3 answers

A. Providing legal advice
B. Buying and selling property
C. Performing financial transactions on behalf of a client
D. Creating complex legal arrangements

Answer: B,C,D

Explanation:
According to the FATF typology report 2000-20011, lawyers can provide a range of functions that can be useful to a potential money launderer, such as:
Creating complex legal arrangements, such as trusts, foundations, or corporations, that can obscure the identity and ownership of the beneficial owners or the origin and destination of the funds.
Buying and selling property, such as real estate, art, or jewelry, that can be used to transfer or store illicit proceeds or to provide a legitimate cover for the source of funds.
Performing financial transactions on behalf of a client, such as opening bank accounts, transferring funds, issuing checks, or exchanging currencies, that can facilitate the movement or concealment of illicit funds.
Providing legal advice, on the other hand, is not a function that can be directly exploited by a money launderer, unless the advice is related to the above functions or to the avoidance or evasion of anti-money laundering laws and regulations.
References:
1: FATF Terrorist Financing Typologies Report - Financial Action Task Force2

NEW QUESTION # 111
The vice president of the foreign correspondent banking department at a large United States bank has been notified that a foreign bank with an offshore license wants to open a correspondent account.
Which two things must the vice president acquire under the USA PATRIOT Act? (Choose two.)

A. The identity of 10% owners of the correspondent bank, unless it is publicly traded
B. A list of the types of businesses served by the correspondent bank
C. Information relating to the foreign bank's anti-money laundering program
D. A list of all the customers of the correspondent bank

Answer: A,C

NEW QUESTION # 112
Thegoal of the Egmont Group of Financial Intelligence Units (FIUs)is to provide aforum for FIUsto:
(Select Three.)

A. Propose legislation to combat financial crime, including money laundering and the financing of terrorism.
B. Improve global cooperation between FIUs.
C. Securely share sensitive information in the fight against money laundering and the financing of terrorism.
D. Sign memoranda of cooperation that recognize and allow room for case-by-case solutions to specific problems.
E. Establish an environment to foster trust among countries.

Answer: B,C,E

Explanation:
TheEgmont Groupis aninternational network of Financial Intelligence Units (FIUs)thatenhances cooperation and information sharing to combat financial crime.
* Option A (Correct):The Egmont Groupimproves global cooperationby enabling FIUsto exchange financial intelligence securely.
* Option C (Correct):Thegroup facilitates secure communication channelsforsharing money laundering and terrorist financing intelligence.
* Option E (Correct):TheEgmont Group fosters trust between FIUs, allowing them to work collaborativelyon cross-border investigations.
Why Other Options Are Incorrect:
* Option B (Incorrect):The Egmont Groupdoes not negotiate case-by-case memoranda of understanding (MoUs)for individual cases.
* Option D (Incorrect):The Egmont Groupdoes not draft AML legislation; itprovides guidance but does not have regulatory authority.
Key Functions of the Egmont Group:
* Facilitating cross-border cooperation among FIUs.
* Providing a secure network (Egmont Secure Web) for intelligence sharing.
* Developing best practices for AML/CFT investigations.
Reference:
FATF Recommendation 29 (Role of FIUs in AML/CFT)
Egmont Group Charter and Principles for FIU Collaboration
Wolfsberg Group AML Guidance on FIU Information Exchange

NEW QUESTION # 113
......

PremiumVCEDump Certified Anti-Money Laundering Specialists (the 6th edition) (CAMS) questions in three formats are the go-to source for successful and quick preparation. Three formats of our study material are ACAMS CAMS exam PDF questions, desktop practice test software, and web-based CAMS practice test. The philosophy behind offering these formats is simple: to create a world-class learning material that can help candidates achieve their Certified Anti-Money Laundering Specialists (the 6th edition) (CAMS) preparation objectives. With the help of CAMS exam questions in three formats, you can prepare successfully for the test according to your style.

Examcollection CAMS Dumps: https://www.premiumvcedump.com/ACAMS/valid-CAMS-premium-vce-exam-dumps.html

DOWNLOAD the newest PremiumVCEDump CAMS PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1CnQsmuJDDMUF66763wDV0bNNzj0rOgPw

Leo Walsh Leo Walsh

Biography

Quick Links

Resources

Support