BRAINDUMP CAMS PDF | RELIABLE CAMS EXAM CRAM

Braindump CAMS Pdf | Reliable CAMS Exam Cram

Braindump CAMS Pdf | Reliable CAMS Exam Cram

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The Platform Certified Anti-Money Laundering Specialists CAMS Exam credential makes it simple to renew your skills and knowledge to keep up with the latest trends. The Platform Certified Anti-Money Laundering Specialists CAMS exam certification is a worthwhile, internationally accepted industry credential. You can become a recognized specialist in addition to learning new technological needs and honing your abilities.

This allows candidates to choose the format that best suits their learning style and preference, ensuring a seamless and effective exam preparation experience. By offering tailored solutions to meet individual needs, ITexamReview has established itself as a trusted provider of top-quality Certified Anti-Money Laundering Specialists (CAMS) exam preparation material.

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CAMS - The Best Braindump Certified Anti-Money Laundering Specialists Pdf

Our CAMS exam guide is suitable for everyone whether you are a business man or a student, because you just need 20-30 hours to practice it that you can attend to your exam. There is no doubt that you can get a great grade. If you follow our learning pace, you will get unexpected surprises. Only when you choose our CAMS Guide Torrent will you find it easier to pass this significant examination and have a sense of brand new experience of preparing the CAMS exam.

ACAMS CAMS Certification is highly valued by employers in the AML industry, as it demonstrates a professional's knowledge and understanding of AML best practices. CAMS-certified professionals are in high demand by financial institutions, regulatory agencies, and law enforcement agencies, as they can help prevent money laundering and other financial crimes. Additionally, the certification can lead to career advancement opportunities and higher salaries for AML professionals.

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q489-Q494):

NEW QUESTION # 489
How can a financial institution verify the nature and purpose of a business and its legitimacy?

  • A. By using an independent information verification process, such as by accessing public andprivate databases
  • B. By reviewing a copy of the corporation's latest audited reports and accounts
  • C. By undertaking a company search or other commercial inquires to see that the institution hasnot been, or is not in the process of being dissolved of terminated
  • D. By reviewing the company's website

Answer: A


NEW QUESTION # 490
The main purpose of the US Treasury Department for OFAC's extraterritorial reach is to:

  • A. defend the US against questionable trade practices of its economic rivals.
  • B. protect allied nations of the US from the economic threats of non-allied nations.
  • C. accomplish the foreign policy and national security goals of the US.
  • D. align OFAC's and other countries' extraterritorial reach requirements.

Answer: C

Explanation:
The Office of Foreign Assets Control (OFAC) is a department of the US Treasury that administers and enforces economic and trade sanctions imposed by the US against countries and groups of individuals, such as terrorists and narcotics traffickers. The sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals. The main purpose of the US Treasury Department for OFAC's extraterritorial reach is to apply these sanctions to any person or entity that is subject to US jurisdiction, or that engages in transactions involving US persons, US dollars, or US goods or services. This way, the US can exert pressure on the targets of the sanctions and prevent them from accessing the US financial system or market. OFAC's extraterritorial reach is authorized by Congressional legislation or presidential emergency powers, and is often based on UN Security Council resolutions or multilateral agreements.
References:
Office of Foreign Assets Control (OFAC): Definition, Sanctions
About OFAC | Office of Foreign Assets Control
OFAC's Extraterritorial Reach: Purpose of the US Treasury Department
Reference:
https://www.natlawreview.com/article/aggressive-extraterritorial-reach-us-economic-sanctions-foreign-company


NEW QUESTION # 491
Which of the following is the most likely reason for the Financial Action Task Force to remove a jurisdiction from the Non-Cooperative Countries and Territories list?

  • A. Receiving a favorable mutual evaluation.
  • B. Joining the Wolfsburg Group.
  • C. Entering into a mutual legal assistance treaty.
  • D. Conducting successful annual self-assessments.

Answer: C


NEW QUESTION # 492
Which principles of the Egmont Group of Financial Intelligence Units (Fills) are aimed at maximizing cooperation between FlUs to more effectively combat money laundering? (Select Two.)

  • A. It is within an FlU's authority to sign Memorandums of Understanding independently.
  • B. FIU cooperation should always be channeled through designated intermediaries.
  • C. Eliminating spontaneous information sharing between FlUs to reduce the burden of excess investigative work.
  • D. Information exchange should take place informally, without too many formal prerequisites.
  • E. Formal Egmont Group membership requirements ensure a high commitment of the eligible FlUs.

Answer: A,D

Explanation:
The principles of the Egmont Group of Financial Intelligence Units (FILLs) aimed at maximizing cooperation between FILLs to more effectively combat money laundering are [1]:
B: Information exchange should take place informally, without too many formal prerequisites. (CAMS Manual, 6th Edition, Page 55) E: It is within an FlU's authority to sign Memorandums of Understanding independently. (CAMS Manual, 6th Edition, Page 56)


NEW QUESTION # 493
What is the appropriate compliance control for identifying politically exposed persons (PEPs) according to the Basel Committee's paper on Customer Due Diligence for Banks?

  • A. Requiring that the customer discloses that they are a PEP or an associate of a PEP
  • B. Reviewing relationships at account opening and on a periodic basis
  • C. Determining that a local figure is a PEP
  • D. Reviewing when a relationship is established

Answer: B

Explanation:
Reference: http://www.menafatf.org/sites/default/files/Newsletter/PEPs_in_relat_on_to_AMLCFT.pdf


NEW QUESTION # 494
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