Vce CAMS Format, CAMS Test Quiz

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The CAMS certification exam is designed to assess an individual's knowledge and understanding of AML laws, regulations, and best practices, as well as their ability to apply this knowledge in real-world scenarios. CAMS exam covers a wide range of topics such as money laundering typologies, risk assessment, customer due diligence, transaction monitoring, and sanctions compliance. Passing the CAMS exam demonstrates a professional's commitment to the AML field, and it is often a requirement for many AML-related job positions in financial institutions, law enforcement agencies, and regulatory bodies.

Vce CAMS Format

CAMS latest ACAMS certification exam questions and answers published

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The Certified Anti-Money Laundering Specialists certification exam covers a wide range of topics related to AML, including money laundering techniques, regulatory frameworks, risk management, and compliance. CAMS exam is designed to test a candidate’s knowledge of these topics and their ability to apply that knowledge in real-world scenarios. CAMS exam is administered by the Association of Certified Anti-Money Laundering Specialists (ACAMS), a leading organization in the AML industry.

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q35-Q40):

NEW QUESTION # 35
In 2004, Consolidated KYC Risk Management was issued by the Basel Committee on Banking Supervision (BCBS). What is a key message in this document?

A. KYC Risk Management means as established decentralized process for promulgating policies and procedures
B. Consolidated KYC risk management for a group is critical and trumps jurisdictional rules hat limit information sharing
C. Policies and procedures should be designed not merely to comply strictly with all relevant laws and regulations
D. KYC Risk Management required a yearly consolidation effort

Answer: C

NEW QUESTION # 36
Which of the following provides anti-money laundering specialists information related to money laundering trends?

A. Financial Action Task Force Typologies
B. Egmont Group's 100 Cases
C. FinCEN's SAR Activity Review
D. The Wolfsburg Principles

Answer: A,B,D

NEW QUESTION # 37
In the FATF 40 recommendations, the focus of AML efforts has been expanded beyond Financial Institutions. Which three businesses and/or professions are covered? Choose 3 answers

A. casinos, when customers engage in financial transactions equal to or above a designated Threshold
B. Trust and company service providers
C. Real estate agents when they are involved in transactions for clients concerning buying andselling properties
D. Dealers in art, when they engage in any cash transaction with a customer at or above adesignated threshold

Answer: B,C,D

NEW QUESTION # 38
Note: This question is part of a series of questions that present the same scenario. Each question in the series contains a unique solution that might meet the stated goals. Some question sets might have more than one correct solution, while others might not have a correct solution.
After you answer a question, you will NOT be able to return to it. As a result, these questions will not appear in the review screen.
You are deploying an Azure Machine Learning model to an Azure Kubernetes Service (AKS) container.
You need to monitor the scoring accuracy of each run of the model.
Solution: You modify the Config.json file.
Does this meet the goal?

A. No
B. Yes

Answer: A

Explanation:
Instead update the manifest file.
Reference:
https://azure.github.io/learnAnalytics-UsingAzureMachineLearningforAIWorkloads/lab07- deploying_a_scoring_service_to_aks/0_README.html

NEW QUESTION # 39
A bank's transaction surveillance system triggers an alert for a deposit of 250.000 USO into a client's account.
According to the bank's KYC information, the client works for a financial advisory firm, and earns approximately 100,000 USD per year. Which actions should be taken? (Select Three.) File the suspicious transaction immediately to the financial intelligence unit.

A. Contact the client advisor to learn if he has any insight on the transaction background.
B. Review the alert if the deposit is made in cash.
C. Review the transaction background in the bank's transaction platform.
D. Discard the alert as a false positive hit
E. Request information and documentation from the client on the background of the transaction.

Answer: A,C,E

Explanation:
Explanation
According to the Certified Anti-Money Laundering Specialist (CAMS) Manual , 6th edition, if a bank's transaction surveillance system triggers an alert for a deposit of 250.000 USD into a client's account, the bank should take the following actions:
* Request information and documentation from the client on the background of the transaction (CAMS Manual, 6th edition, page 46).
* Contact the client advisor to learn if he has any insight on the transaction background (CAMS Manual,
6th edition, page 47).
* Review the transaction background in the bank's transaction platform (CAMS Manual, 6th edition, page
47).
Discarding the alert as a false positive hit and reviewing the alert if the deposit is made in cash should not be done.
The bank should request additional information and documentation from the client to better understand the nature of the transaction. Additionally, the bank should reach out to the client advisor to learn if they have any insight on the transaction background. Finally, the bank should review the transaction background in the bank's transaction platform to determine if any additional alerts or anomalies are present. (CAMS Manual, 6th Edition, Pages 117-118)

NEW QUESTION # 40
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