ACAMS Certified Anti-Money Laundering Specialist Question Bank: Page 6 • ExamPrepare

Question 31

Which of the following considerations are more relevant to effective list management on sanctions screening? (Select Four.)

Whitelisting: determine the management of rules for automatically eliminating potential hits
Frequency of screening: determine the frequency or the triggers for static data screening
Personnel: determine which personnel have the appropriate level of knowledge to review screening alerts
List maintenance: determine the processes for adding and removing lists of entries to internal lists
Resourcing: determine whether the necessary financial resources are available to continuously maintain the list and screening system
List selection: determine which sanctions-related lists are relevant for screening

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Which of the following are advantages of public-private partnerships (PPP)? (Select Three.)

PPPs are cost-effective for both small and large projects from both public and private sectors perspective.
Information sharing between public and private sector stakeholders through PPPs increases the effectiveness of AML and CFT measures by facilitating a more comprehensive view of financial transactions and customer behavior.
PPPs facilitate information sharing in a secure environment, permitting further data mining, operational analysis, and scanning by the private sector to fill potential intelligence gaps.
PPPs enable information sharing across supervisors, Financial Intelligence Units (FIU), law enforcement, and vetted participants from the private sector as well as international partners in some cases.
PPPs can lead to public control and transparency as well as greater accountability of the private sector.

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Which types of financial crimes can be uncovered through network analysis? (Select Two.)

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Which areas of laws and regulations have the greatest impact on AML/CFT applications? (Select Three.)

Consumer protection; financial inclusion; and environmental, social and governance (ESG)
Ombudsman and anti-competition authority
Information security; data privacy; and cybersecurity
Electronic contract and biological signature acceptance
Foreign exchange control; and precious gemstone and metal dealing

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Key money laundering (ML) and terrorist financing (TF) risk factors related to gatekeepers are that they: (Select Three.)

provide services that may obscure the identity of the ultimate beneficial owner.
can facilitate the formation of complex structures with no apparent need on behalf of their customers.
can create legal entities at business registries on behalf of clients for their legitimate business.
are legally required to disclose all client information to regulatory authorities without exception.
can use their bank accounts to transfer funds from one jurisdiction to another on behalf of their clients.

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A common organizational framework for a firm’s financial crimes team may include which of the following roles? (Select Three.)

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