ACAMS Certified Anti-Money Laundering Specialist Question Bank: Page 12 • ExamPrepare

Question 67

Which of the following factors causes politically exposed persons (PEP) to be considered higher-risk customers for many financial organizations due to increased financial crime risk? (Select Two.)

PEPs can have illegitimate fund sources but are legally protected from having their accounts closed for activities outside of a bank’s risk appetite.
PEPs are granted unlimited credit and financial immunity under international banking regulations.
The family members and close associates of PEPs may be involved in illicit activities.
PEPs may exploit embassy activities to conceal bribery and corruption transactions.

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Question 68

Which action could be taken by an organization to better understand the threats faced from proliferation financing?

Undertake a detailed review of all payment-related transactions to any clients identified as defense contractors, paying special attention to the beneficial owners of those clients
Work with the front-line to understand their strategic growth targets specifically aimed at increasing their market share around military technology and dual-use products
Review the organization's sanction risk assessment to better understand the potential for exposure to Russia and the Democratic People's Republic of Korea
Read and analyze the most recent National Proliferation Financing Risk Assessment produced by the relevant body of the organization's jurisdiction

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Question 69

Which of the following should be taken into consideration when implementing artificial intelligence (AI) and machine learning (ML) into the adverse media screening process? (Select Two.)

Data privacy
Employee morale
System integration
Customer experience

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Question 70

A subset of financial technology (FinTech) that focuses on technologies that may facilitate the delivery of regulatory requirements more efficiently and effectively than existing capabilities is known as:

SupTech.
RegTech.
SubTech.
BlueTech.

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Question 71

The UN Security Council's primary role in imposing sanctions is that it has the authority to:

impose sanctions on countries that lack AML/CFT controls.
impose sanctions on economic targets to maintain or restore financial stability within a country.
conduct research on and analyze the impacts of sanctions to improve the effectiveness of sanctions regimes.
impose sanctions to maintain or restore international peace and security.

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Question 72

Which of the following approaches should be used in combination to ensure customer data protection and AML compliance? (Select Three.)

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Certified Anti-Money Laundering Specialist Practice Questions

Question 67

Question 68

Question 69

Question 70

Question 71

Question 72