Certified Anti-Money Laundering Specialist Practice Questions

Certified Anti-Money Laundering Specialist

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308 questions in this view

Page 52 of 52

Question 307

Potential risk indicators for a trade counterparty in trade-based money laundering include: (Select Three.)

irregular or inconsistent trade volume and frequency that does not align with the historical trading behavior of the counterparty.
engaging in transactions and shipping routes or methods that are not in line with standard business practices.
contracts, invoices, or other trade documents containing detailed descriptions of the traded commodities.
cash deposits or other transactions consistently below the relevant reporting thresholds.
transparent pricing structure with additional information provided to the receiving bank when pricing fluctuates + or - 10%.

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Question 308

When implementing a customer screening system to detect possible sanction evasion at a financial institution (FI), which of the following requirements should be considered to ensure effective list management? (Select Two.)

Only regulatory lists should be used, including those of the Office of Foreign Assets Control (OFAC) and the EU
Lists can be created internally or purchased from a vendor
Only specific individuals should be allowed to modify the lists
All lists should be used for screening in all jurisdictions

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