ACAMS Certified Anti-Money Laundering Specialist Question Bank: Page 44 • ExamPrepare

Question 259

Which role within private banking has the best placement to identify and report money laundering risk?

Investment advisor
Compliance officer
Relationship manager
Operations manager

Select an answer above, then submit your vote. Reading or practicing does not cast a vote.

Question 260

In order to prevent financial crime risk, the implemented policies, controls, and procedures must:

be proportionate with regard to the size and nature of the firm, approved by senior management, and regularly reviewed.
include sophisticated and automated controls that use the newest types of technology available (for example, artificial intelligence (AI) and machine learning).
be created, approved, and owned only by the First Line of Defense business team, and reviewed annually.
be completed by the business and validated by an external firm (for example, an auditing or consulting firm).

Select an answer above, then submit your vote. Reading or practicing does not cast a vote.

Question 261

What key element contributes to the effectiveness of AML training programs?

Generalized content designed to apply to a broad audience
Comprehensive curriculum delivered by senior management
Comprehensive content with engaging delivery methods
In-person training sessions

Select an answer above, then submit your vote. Reading or practicing does not cast a vote.

Question 262

Which of the following activities are identified by the Financial Action Task Force (FATF) as being potentially indicative of money laundering via the real estate sector? (Select Four.)

Use of complex loans or credit finance
Use of corporate vehicles or complex structures
Use of commercial properties inconsistent with business purposes
Use of mortgage products
Unexplained cash payments
Use of agricultural land in rural area

Select an answer above, then submit your vote. Reading or practicing does not cast a vote.

Question 263

Natural language processing (NLP) and soft computing techniques can support AML investigations by:

completely automating the alert review process, eliminating the need for human involvement.
providing an essential component in building distributed ledger technology (DLT) AML systems.
enhancing accuracy by reducing false positives and negatives in alert detection.
ensuring that data from public databases is integrated with AML monitoring software.

Select an answer above, then submit your vote. Reading or practicing does not cast a vote.

Question 264

Which ML/TF risks are associated with cryptoassets? (Select Three.)

Select an answer above, then submit your vote. Reading or practicing does not cast a vote.

Certified Anti-Money Laundering Specialist Practice Questions

Question 259

Question 260

Question 261

Question 262

Question 263

Question 264