ACAMS Certified Anti-Money Laundering Specialist Question Bank: Page 20 • ExamPrepare

308 questions in this view

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Question 115

Non-compliance with relevant anti-money laundering laws and regulations can result in: (Select Two.)

delisting of public filing status.
civil and criminal penalties.
inclusion on the UN Consolidated List.
increased reputation risk.

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Question 116

The Financial Action Task Force (FATF) Recommendations lay out a framework of measures that countries should implement to combat money laundering and terrorist financing as well as the financing of proliferation of weapons of mass destruction.

These measures include:

adopting a risk-based approach driven by the results of an assessment of the specific risks for the country.
taking measures identical to those of all other countries.
prioritizing risks according to the potential harm they may cause.
prioritizing risks identified by international bodies and law enforcement agencies as posing the highest threat.

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Question 117

Which statement best describes an organizational challenge for law enforcement agencies and Financial Intelligence Units (FIU) when conducting cross-border money laundering (ML) investigations?

Conducting an investigation in all countries through which ML funds were transferred when one or more of the countries do not have an FIU
Delays in the investigation due to a foreign FIU awaiting the results of queries performed by third parties
Defining a common communication approach and language between all involved parties
Investigations which involve high-ranking politicians, who often have influence over the local FIU

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Question 118

Which of the below is the best way to demonstrate private sector collaboration fostered in the fight against financial crime? (Select Two.)

Share information and knowledge about existing ML/TF typologies
Share confidential information to enhance investigations
Identify new and emerging risks
Share information about actions taken in response to unusual activity

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Question 119

What is the primary purpose of anti-bribery and corruption regulations?

To prohibit the conversion of illegally obtained money into legal money by senior government figures
To prohibit the payment of anything of value by persons or entities to government officials or employees of state-owned enterprises to obtain an improper business advantage
To protect against the use of illegal means by senior political figures to avoid paying taxes
To protect against election interference by corrupt foreign adversaries facilitated by illicit funds

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Question 120

Which online gambling scheme involves placing bets with deposited funds and colluding with other players to obscure the money’s origin?

Chip dumping
Concealment
Coordinated betting
Player-to-player transfers

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Certified Anti-Money Laundering Specialist Practice Questions

Question 115

Question 116

Question 117

Question 118

Question 119

Question 120