{"id":1655,"date":"2025-03-25T09:37:52","date_gmt":"2025-03-25T09:37:52","guid":{"rendered":"https:\/\/exam.real4prep.com\/?p=1655"},"modified":"2025-03-25T09:37:52","modified_gmt":"2025-03-25T09:37:52","slug":"real-acams-cams-exam-dumps-with-correct-645-questions-and-answers-q364-q383","status":"publish","type":"post","link":"https:\/\/exam.real4prep.com\/de\/2025\/03\/25\/real-acams-cams-exam-dumps-with-correct-645-questions-and-answers-q364-q383\/","title":{"rendered":"Real ACAMS CAMS Exam Dumps with Correct 645 Questions and Answers [Q364-Q383]"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;1655&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;1&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;4&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;4\\\/5 - (1 vote)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;Real ACAMS CAMS Exam Dumps with Correct 645 Questions and Answers [Q364-Q383]&quot;,&quot;width&quot;:&quot;113.5&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 113.5px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            4\/5 - (1 vote)    <\/div>\n    <\/div>\n<p><strong><span style=\"font-size: 18px;color: red\">Real ACAMS CAMS Exam Dumps with Correct 645 Questions and Answers<\/span><\/strong><\/p>\n<p><strong><span style=\"color: red\">Valid CAMS Test Answers &amp; ACAMS CAMS Exam PDF<\/span><\/strong><\/p>\n<p><\/p>\n<p>ACAMS CAMS Exam is an essential certification for AML professionals who want to enhance their knowledge and skills and advance their careers in the field. CAMS exam is challenging, but the benefits of passing it are significant, including increased job opportunities, higher salaries, and greater recognition as an expert in the AML field.<\/p>\n<p>&nbsp;<\/p>\n<div id=\"watu_quiz\" class=\"quiz-area single-page-quiz\">\n<form action=\"\" method=\"post\" class=\"quiz-form \" id=\"quiz-676\" >\n<div class='watu-question' id='question-1'><div class='question-content'><p><strong>NO.364<\/strong> Under requirements for correspondent accounts in the USA PATRIOT Act, the word &#8220;certification&#8221; refers to a written representation by a<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13307' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51737' \/><div class='watu-question-choice'><input type='radio' name='answer-13307[]' id='answer-id-51737' class='answer answer-1 js-answer-label answerof-13307' value='51737' \/>&nbsp;<label for='answer-id-51737' id='answer-label-51737' class='js-answer-label answer label-1'><span class='answer'>federal receiver&#8221; certifying that he is not the beneficial owner of the correspondent account.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51738' \/><div class='watu-question-choice'><input type='radio' name='answer-13307[]' id='answer-id-51738' class='answer answer-1 js-answer-label answerof-13307' value='51738' \/>&nbsp;<label for='answer-id-51738' id='answer-label-51738' class='js-answer-label answer label-1'><span class='answer'>respondent bank, certifying that they do not do business with politically exposed persons.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51739' \/><div class='watu-question-choice'><input type='radio' name='answer-13307[]' id='answer-id-51739' class='answer answer-1 php-answer-label answerof-13307' value='51739' \/>&nbsp;<label for='answer-id-51739' id='answer-label-51739' class='php-answer-label answer label-1'><span class='answer'>correspondent bank, certifying that they do not open correspondent accounts for alternative remittance companies.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51740' \/><div class='watu-question-choice'><input type='radio' name='answer-13307[]' id='answer-id-51740' class='answer answer-1 js-answer-label answerof-13307' value='51740' \/>&nbsp;<label for='answer-id-51740' id='answer-label-51740' class='js-answer-label answer label-1'><span class='answer'>respondent bank, certifying that they do not do business with shell banks.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Explanation<br\/>Explanation\/Reference:<br\/>The information contained in this Certification is sought pursuant to Sections 5318(j) and 5318(k) of Title 31 of the United State Code, as added by sections 313 and 319(b) of the USA PATRIOT Act of 2001 (Public Law 107-56).<br\/>This Certification should be completed by any foreign bank that maintains a correspondent account with any<br\/>U.S. bank or broker-dealer in securities (a covered financial institution as defined in 31 CFR 1010.605(e)). An entity that is not a foreign bank is not required to complete this Certification.<br\/>A foreign bank is a bank organized under foreign law and located outside of the United States (see definition at 31 CFR 1010.100(u)). A bank includes offices, branches, and agencies of commercial banks or trust companies, private banks, national banks, thrift institutions, credit unions, and other organizations chartered under banking laws and supervised by banking supervisors of any state (see definition at 31 CFR<br\/>1010.100(d)).<br\/>A correspondent account for a foreign bank is any account to receive deposits from, make payments or other disbursements on behalf of a foreign bank, or handle other financial transactions related to the foreign bank.<br\/>Special instructions for foreign branches of U.S. banks: A branch or office of a U.S. bank outside the United State is a foreign bank. Such a branch or office is not required to complete this Certification with respect to Correspondent Accounts with U.S. branches and offices of the same U.S. bank.<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(1,this)' id='btn-1' value='See Answer'  \/><input type='hidden' id='questionType1' value='radio' class=''><\/div><div class='watu-question' id='question-2'><div class='question-content'><p><strong>NO.365<\/strong> An institution has made the decision to exit a client relationship due to anti-money laundering concerns. Prior to starting the close out process, the institution receives a written request from a law enforcement agency to keep the account open. The client is the subject of an ongoing investigation and law enforcement wants the institution to continue to monitor the account and report any suspicious activity.<br \/>What is primary consideration the institution should keep in mind when deciding whether to agree to this request?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13308' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51741' \/><div class='watu-question-choice'><input type='radio' name='answer-13308[]' id='answer-id-51741' class='answer answer-2 js-answer-label answerof-13308' value='51741' \/>&nbsp;<label for='answer-id-51741' id='answer-label-51741' class='js-answer-label answer label-2'><span class='answer'>The anticipated cost of complying with the law enforcement request<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51742' \/><div class='watu-question-choice'><input type='radio' name='answer-13308[]' id='answer-id-51742' class='answer answer-2 js-answer-label answerof-13308' value='51742' \/>&nbsp;<label for='answer-id-51742' id='answer-label-51742' class='js-answer-label answer label-2'><span class='answer'>The number of suspicious transaction reports previously filed on the client<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51743' \/><div class='watu-question-choice'><input type='radio' name='answer-13308[]' id='answer-id-51743' class='answer answer-2 js-answer-label answerof-13308' value='51743' \/>&nbsp;<label for='answer-id-51743' id='answer-label-51743' class='js-answer-label answer label-2'><span class='answer'>The fact that the institution has a solid record in complying with law enforcement requests<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51744' \/><div class='watu-question-choice'><input type='radio' name='answer-13308[]' id='answer-id-51744' class='answer answer-2 php-answer-label answerof-13308' value='51744' \/>&nbsp;<label for='answer-id-51744' id='answer-label-51744' class='php-answer-label answer label-2'><span class='answer'>Whether the institution can continue to meet its regulatory obligations with the accounts open<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(2,this)' id='btn-2' value='See Answer'  \/><input type='hidden' id='questionType2' value='radio' class=''><\/div><div class='watu-question' id='question-3'><div class='question-content'><p><strong>NO.366<\/strong> Which element is generally required of all anti-money laundering programs?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13309' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51745' \/><div class='watu-question-choice'><input type='radio' name='answer-13309[]' id='answer-id-51745' class='answer answer-3 js-answer-label answerof-13309' value='51745' \/>&nbsp;<label for='answer-id-51745' id='answer-label-51745' class='js-answer-label answer label-3'><span class='answer'>A computer-based suspicious activity monitoring system<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51746' \/><div class='watu-question-choice'><input type='radio' name='answer-13309[]' id='answer-id-51746' class='answer answer-3 php-answer-label answerof-13309' value='51746' \/>&nbsp;<label for='answer-id-51746' id='answer-label-51746' class='php-answer-label answer label-3'><span class='answer'>A qualified compliance officer to manage the program<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51747' \/><div class='watu-question-choice'><input type='radio' name='answer-13309[]' id='answer-id-51747' class='answer answer-3 js-answer-label answerof-13309' value='51747' \/>&nbsp;<label for='answer-id-51747' id='answer-label-51747' class='js-answer-label answer label-3'><span class='answer'>Annual in-person AML training for all employees<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51748' \/><div class='watu-question-choice'><input type='radio' name='answer-13309[]' id='answer-id-51748' class='answer answer-3 js-answer-label answerof-13309' value='51748' \/>&nbsp;<label for='answer-id-51748' id='answer-label-51748' class='js-answer-label answer label-3'><span class='answer'>An enhanced due diligence program for all new customers<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>a qualified compliance officer is a mandatory element of all anti-money laundering programs, regardless of the type or size of the financial institution. The compliance officer is responsible for developing, implementing, and overseeing the anti-money laundering program, ensuring its compliance with the relevant laws and regulations, and reporting any suspicious activity to the appropriate authorities12. The compliance officer should have sufficient authority, resources, and expertise to perform these duties effectively.<br\/>References:<br\/>Anti-Money Laundering (AML) | FINRA.org1<br\/>Anti-Money Laundering Program and Suspicious Activity Reporting Requirements For Insurance Companies Frequently Asked Questions | FinCEN.gov2<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(3,this)' id='btn-3' value='See Answer'  \/><input type='hidden' id='questionType3' value='radio' class=''><\/div><div class='watu-question' id='question-4'><div class='question-content'><p><strong>NO.367<\/strong> What should countries do to help prevent non-profit organizations from being abused for the financing of terrorism according to the Financial Action Task Force 40 Recommendations?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13310' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51749' \/><div class='watu-question-choice'><input type='radio' name='answer-13310[]' id='answer-id-51749' class='answer answer-4 js-answer-label answerof-13310' value='51749' \/>&nbsp;<label for='answer-id-51749' id='answer-label-51749' class='js-answer-label answer label-4'><span class='answer'>Allow for freezing assets of non-profit organizations<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51750' \/><div class='watu-question-choice'><input type='radio' name='answer-13310[]' id='answer-id-51750' class='answer answer-4 js-answer-label answerof-13310' value='51750' \/>&nbsp;<label for='answer-id-51750' id='answer-label-51750' class='js-answer-label answer label-4'><span class='answer'>Require all non-profit organizations to register with the country&#8217;s financial intelligence unit<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51751' \/><div class='watu-question-choice'><input type='radio' name='answer-13310[]' id='answer-id-51751' class='answer answer-4 php-answer-label answerof-13310' value='51751' \/>&nbsp;<label for='answer-id-51751' id='answer-label-51751' class='php-answer-label answer label-4'><span class='answer'>Ensure non-profit organizations cannot be used to conceal or obscure the diversion of funds intended for legitimate purposes to terrorists&#8217; organizations<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51752' \/><div class='watu-question-choice'><input type='radio' name='answer-13310[]' id='answer-id-51752' class='answer answer-4 js-answer-label answerof-13310' value='51752' \/>&nbsp;<label for='answer-id-51752' id='answer-label-51752' class='js-answer-label answer label-4'><span class='answer'>Create laws that forbid non-profit organizations from completing cross-border transactions without first running them through known terrorist data bases<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>According to the Financial Action Task Force (FATF) 40 Recommendations, countries should implement measures to prevent the abuse of non-profit organizations (NPOs) for the financing of terrorism. One of these measures is to ensure that NPOs cannot be used to conceal or obscure the diversion of funds intended for legitimate purposes to terrorists&#8217; organizations. This means that countries should have effective mechanisms to monitor and supervise NPOs, especially those that are at risk of terrorist financing abuse, and to take appropriate actions against NPOs that are involved in such activities. Countries should also ensure that NPOs maintain adequate records of their activities and transactions, and that these records are accessible to competent authorities. Furthermore, countries should promote transparency and accountability in the NPO sector, and encourage NPOs to conduct due diligence on their donors, beneficiaries, and associates.<br\/>References: =<br\/>* FATF 40 Recommendations, Recommendation 8 and Interpretive Note to Recommendation 8<br\/>* Best Practices on Combating the Abuse of Non-Profit Organisations, FATF, June 2015<br\/>* COMBATING THE ABUSE OF NON-PROFIT ORGANISATIONS (RECOMMENDATION 8),<br\/>FATF, June 2015<br\/>Reference: http:\/\/www.fatf-gafi.org\/media\/fatf\/documents\/reports\/BPP-combating-abuse-non- profitorganisations.pdf (p.9)<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(4,this)' id='btn-4' value='See Answer'  \/><input type='hidden' id='questionType4' value='radio' class=''><\/div><div class='watu-question' id='question-5'><div class='question-content'><p><strong>NO.368<\/strong> Once a financial institution has reported suspicious transactions on a valued customer, it should cooperate with competent authorities by<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13311' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51753' \/><div class='watu-question-choice'><input type='radio' name='answer-13311[]' id='answer-id-51753' class='answer answer-5 js-answer-label answerof-13311' value='51753' \/>&nbsp;<label for='answer-id-51753' id='answer-label-51753' class='js-answer-label answer label-5'><span class='answer'>Maintaining adequate written documentation of all individuals and transactions reported.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51754' \/><div class='watu-question-choice'><input type='radio' name='answer-13311[]' id='answer-id-51754' class='answer answer-5 js-answer-label answerof-13311' value='51754' \/>&nbsp;<label for='answer-id-51754' id='answer-label-51754' class='js-answer-label answer label-5'><span class='answer'>Hinting to the customer that she should come in and explain her behavior.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51755' \/><div class='watu-question-choice'><input type='radio' name='answer-13311[]' id='answer-id-51755' class='answer answer-5 js-answer-label answerof-13311' value='51755' \/>&nbsp;<label for='answer-id-51755' id='answer-label-51755' class='js-answer-label answer label-5'><span class='answer'>Submitting information upon receiving a legal request from parties involved in a civil lawsuit.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51756' \/><div class='watu-question-choice'><input type='radio' name='answer-13311[]' id='answer-id-51756' class='answer answer-5 php-answer-label answerof-13311' value='51756' \/>&nbsp;<label for='answer-id-51756' id='answer-label-51756' class='php-answer-label answer label-5'><span class='answer'>Providing the supporting documentation to competent authorities upon request.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(5,this)' id='btn-5' value='See Answer'  \/><input type='hidden' id='questionType5' value='radio' class=''><\/div><div class='watu-question' id='question-6'><div class='question-content'><p><strong>NO.369<\/strong> A bank maintains a number of United States (U.S.) dollar correspondent accounts for foreign financial institutions. Upon a routine review of a U.S. dollar correspondent account owned by Foreign Bank A, a number of transactions appear to have been originated by Foreign Bank B outside the expected activity for this account. These transactions appear suspicious and a suspicious transaction report was filed by the compliance officer.<br \/>Which step should the compliance officer take?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13312' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51757' \/><div class='watu-question-choice'><input type='radio' name='answer-13312[]' id='answer-id-51757' class='answer answer-6 js-answer-label answerof-13312' value='51757' \/>&nbsp;<label for='answer-id-51757' id='answer-label-51757' class='js-answer-label answer label-6'><span class='answer'>File a report with the appropriate tax authorities in the jurisdictions of Foreign Bank A and Foreign Bank B<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51758' \/><div class='watu-question-choice'><input type='radio' name='answer-13312[]' id='answer-id-51758' class='answer answer-6 js-answer-label answerof-13312' value='51758' \/>&nbsp;<label for='answer-id-51758' id='answer-label-51758' class='js-answer-label answer label-6'><span class='answer'>Notify senior management of the money laundering risks by allowing Foreign Bank A to maintain its<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51759' \/><div class='watu-question-choice'><input type='radio' name='answer-13312[]' id='answer-id-51759' class='answer answer-6 js-answer-label answerof-13312' value='51759' \/>&nbsp;<label for='answer-id-51759' id='answer-label-51759' class='js-answer-label answer label-6'><span class='answer'>S. dollar correspondent account<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51760' \/><div class='watu-question-choice'><input type='radio' name='answer-13312[]' id='answer-id-51760' class='answer answer-6 php-answer-label answerof-13312' value='51760' \/>&nbsp;<label for='answer-id-51760' id='answer-label-51760' class='php-answer-label answer label-6'><span class='answer'>Notify Foreign Bank A of the discovery and seek documentation supporting Foreign Bank A was collusive and a willing partner with Foreign Bank B in the activity<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51761' \/><div class='watu-question-choice'><input type='radio' name='answer-13312[]' id='answer-id-51761' class='answer answer-6 js-answer-label answerof-13312' value='51761' \/>&nbsp;<label for='answer-id-51761' id='answer-label-51761' class='js-answer-label answer label-6'><span class='answer'>Notify other U.S. financial institutions who maintain U.S. dollar correspondent accounts for Foreign Bank A and Foreign Bank B in an effort to shut down the activity<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(6,this)' id='btn-6' value='See Answer'  \/><input type='hidden' id='questionType6' value='radio' class=''><\/div><div class='watu-question' id='question-7'><div class='question-content'><p><strong>NO.370<\/strong> A director of a financial institution was convicted of laundering money as part of a Ponzi scheme and terminated. As a result of an internal investigation evidence proved that an employee assisted in the illegal activity.<br \/>Which action should the institution take?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13313' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51762' \/><div class='watu-question-choice'><input type='radio' name='answer-13313[]' id='answer-id-51762' class='answer answer-7 js-answer-label answerof-13313' value='51762' \/>&nbsp;<label for='answer-id-51762' id='answer-label-51762' class='js-answer-label answer label-7'><span class='answer'>Discipline the employee with no further action<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51763' \/><div class='watu-question-choice'><input type='radio' name='answer-13313[]' id='answer-id-51763' class='answer answer-7 php-answer-label answerof-13313' value='51763' \/>&nbsp;<label for='answer-id-51763' id='answer-label-51763' class='php-answer-label answer label-7'><span class='answer'>Discipline the employee and inform local authorities<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51764' \/><div class='watu-question-choice'><input type='radio' name='answer-13313[]' id='answer-id-51764' class='answer answer-7 js-answer-label answerof-13313' value='51764' \/>&nbsp;<label for='answer-id-51764' id='answer-label-51764' class='js-answer-label answer label-7'><span class='answer'>Since the employee was not charged, no further action is required<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51765' \/><div class='watu-question-choice'><input type='radio' name='answer-13313[]' id='answer-id-51765' class='answer answer-7 js-answer-label answerof-13313' value='51765' \/>&nbsp;<label for='answer-id-51765' id='answer-label-51765' class='js-answer-label answer label-7'><span class='answer'>Require all employees to complete additional anti-money laundering training<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>If an employee of a financial institution is found to have assisted in money laundering or any other criminal activity, the institution should take appropriate disciplinary action and report the employee to the relevant authorities. This is not only a legal obligation, but also a sound compliance practice to protect the institution&#8217;s reputation and integrity. Disciplining the employee without informing the authorities would be insufficient and potentially expose the institution to further legal risks. Ignoring the employee&#8217;s involvement or requiring additional training for all employees would be ineffective and inappropriate responses.<br\/>References:<br\/>ACAMS CAMS Certification Package &#8211; 6th Edition, Chapter 5: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), pp. 121-1221 ACAMS CAMS Certification Package &#8211; 6th Edition, Chapter 6: AML Compliance Program, pp. 143-1441 ACAMS CAMS Certification Video Training Course, Module 5: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), Lesson 5.2: International Standards and Best Practices2 ACAMS CAMS Certification Video Training Course, Module 6: AML Compliance Program, Lesson<br\/>6.4: Internal Controls2<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(7,this)' id='btn-7' value='See Answer'  \/><input type='hidden' id='questionType7' value='radio' class=''><\/div><div class='watu-question' id='question-8'><div class='question-content'><p><strong>NO.371<\/strong> A large cash deposit most likely reflects money laundering when it is:<br \/>1. from a customer who has never conducted a transaction in cash before.<br \/>2. transacted in segments smaller than the reporting thresholds at various times during the day.<br \/>3. followed by an immediate wire transfer to an offshore secrecy haven.<br \/>4. by a customer who operates a cash-based business.<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13314' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51766' \/><div class='watu-question-choice'><input type='radio' name='answer-13314[]' id='answer-id-51766' class='answer answer-8 php-answer-label answerof-13314' value='51766' \/>&nbsp;<label for='answer-id-51766' id='answer-label-51766' class='php-answer-label answer label-8'><span class='answer'>1, 2, and 3 only<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51767' \/><div class='watu-question-choice'><input type='radio' name='answer-13314[]' id='answer-id-51767' class='answer answer-8 js-answer-label answerof-13314' value='51767' \/>&nbsp;<label for='answer-id-51767' id='answer-label-51767' class='js-answer-label answer label-8'><span class='answer'>l, 2, and 4 only<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51768' \/><div class='watu-question-choice'><input type='radio' name='answer-13314[]' id='answer-id-51768' class='answer answer-8 js-answer-label answerof-13314' value='51768' \/>&nbsp;<label for='answer-id-51768' id='answer-label-51768' class='js-answer-label answer label-8'><span class='answer'>1, 3, and 4 only<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51769' \/><div class='watu-question-choice'><input type='radio' name='answer-13314[]' id='answer-id-51769' class='answer answer-8 js-answer-label answerof-13314' value='51769' \/>&nbsp;<label for='answer-id-51769' id='answer-label-51769' class='js-answer-label answer label-8'><span class='answer'>2, 3, and 4 only<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(8,this)' id='btn-8' value='See Answer'  \/><input type='hidden' id='questionType8' value='radio' class=''><\/div><div class='watu-question' id='question-9'><div class='question-content'><p><strong>NO.372<\/strong> Which two statements are true regarding the European Union Money Laundering Directives? (Choose two.)<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13315' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51770' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13315[]' id='answer-id-51770' class='answer answer-9 php-answer-label answerof-13315' value='51770' \/>&nbsp;<label for='answer-id-51770' id='answer-label-51770' class='php-answer-label answer label-9'><span class='answer'>They apply to member states of the European Union<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51771' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13315[]' id='answer-id-51771' class='answer answer-9 php-answer-label answerof-13315' value='51771' \/>&nbsp;<label for='answer-id-51771' id='answer-label-51771' class='php-answer-label answer label-9'><span class='answer'>They require member states to enact laws and\/or regulations to comply with the directives<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51772' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13315[]' id='answer-id-51772' class='answer answer-9 js-answer-label answerof-13315' value='51772' \/>&nbsp;<label for='answer-id-51772' id='answer-label-51772' class='js-answer-label answer label-9'><span class='answer'>They set forth non-binding best practices for financial institutions within the member states<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51773' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13315[]' id='answer-id-51773' class='answer answer-9 js-answer-label answerof-13315' value='51773' \/>&nbsp;<label for='answer-id-51773' id='answer-label-51773' class='js-answer-label answer label-9'><span class='answer'>They have extraterritorial impact and apply to states that have diplomatic relations with member states<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Reference: https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/HTML\/?uri=CELEX:32015L0849&amp;from=FR<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(9,this)' id='btn-9' value='See Answer'  \/><input type='hidden' id='questionType9' value='checkbox' class=''><\/div><div class='watu-question' id='question-10'><div class='question-content'><p><strong>NO.373<\/strong> The compliance officer for a bank is reviewing on-boarding documents for a new business account for a domestic corporation. The officer is unable to verify the identity of the beneficial owners of the company. Only information on the nominee owners was provided, and none of the listed addresses are local. The purpose of the business and future expected activity were disclosed to include cash letters, money orders and international remittance transfers.<br \/>Which red flag identifies a heightened money laundering risk?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13316' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51774' \/><div class='watu-question-choice'><input type='radio' name='answer-13316[]' id='answer-id-51774' class='answer answer-10 js-answer-label answerof-13316' value='51774' \/>&nbsp;<label for='answer-id-51774' id='answer-label-51774' class='js-answer-label answer label-10'><span class='answer'>Expected activity was advised to include cash letter and money orders<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51775' \/><div class='watu-question-choice'><input type='radio' name='answer-13316[]' id='answer-id-51775' class='answer answer-10 php-answer-label answerof-13316' value='51775' \/>&nbsp;<label for='answer-id-51775' id='answer-label-51775' class='php-answer-label answer label-10'><span class='answer'>The nature and purpose of the business include international remittance transfers<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51776' \/><div class='watu-question-choice'><input type='radio' name='answer-13316[]' id='answer-id-51776' class='answer answer-10 js-answer-label answerof-13316' value='51776' \/>&nbsp;<label for='answer-id-51776' id='answer-label-51776' class='js-answer-label answer label-10'><span class='answer'>The names provided at account opening are identified as the corporation&#8217;s representative nominees<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51777' \/><div class='watu-question-choice'><input type='radio' name='answer-13316[]' id='answer-id-51777' class='answer answer-10 js-answer-label answerof-13316' value='51777' \/>&nbsp;<label for='answer-id-51777' id='answer-label-51777' class='js-answer-label answer label-10'><span class='answer'>Account signer&#8217;s government issued identification lists addresses outside of where the branch account was opened<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(10,this)' id='btn-10' value='See Answer'  \/><input type='hidden' id='questionType10' value='radio' class=''><\/div><div class='watu-question' id='question-11'><div class='question-content'><p><strong>NO.374<\/strong> You plan to design a solution for an AI implementation that uses data from IoT devices.<br \/>You need to recommend a data storage solution for the IoT devices that meets the following requirements:<br \/>* Allow data to be queried in real-time as it streams into the solution.<br \/>* Provide the lowest amount of latency for loading data into the solution.<br \/>What should you include in the recommendation?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13317' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51778' \/><div class='watu-question-choice'><input type='radio' name='answer-13317[]' id='answer-id-51778' class='answer answer-11 js-answer-label answerof-13317' value='51778' \/>&nbsp;<label for='answer-id-51778' id='answer-label-51778' class='js-answer-label answer label-11'><span class='answer'>a Microsoft Azure Table Storage solution<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51779' \/><div class='watu-question-choice'><input type='radio' name='answer-13317[]' id='answer-id-51779' class='answer answer-11 js-answer-label answerof-13317' value='51779' \/>&nbsp;<label for='answer-id-51779' id='answer-label-51779' class='js-answer-label answer label-11'><span class='answer'>a Microsoft Azure HDInsight R Server cluster<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51780' \/><div class='watu-question-choice'><input type='radio' name='answer-13317[]' id='answer-id-51780' class='answer answer-11 php-answer-label answerof-13317' value='51780' \/>&nbsp;<label for='answer-id-51780' id='answer-label-51780' class='php-answer-label answer label-11'><span class='answer'>a Microsoft Azure HDInsight Hadoop cluster<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51781' \/><div class='watu-question-choice'><input type='radio' name='answer-13317[]' id='answer-id-51781' class='answer answer-11 js-answer-label answerof-13317' value='51781' \/>&nbsp;<label for='answer-id-51781' id='answer-label-51781' class='js-answer-label answer label-11'><span class='answer'>a Microsoft Azure SQL database that has In-Memory OLTP enabled<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>You can use HDInsight to process streaming data that&#8217;s received in real time from a variety of devices.<br\/>Internet of Things (IoT)<br\/>You can use HDInsight to build applications that extract critical insights from data. You can also use Azure Machine Learning on top of that to predict future trends for your business.<br\/>By combining enterprise-scale R analytics software with the power of Apache Hadoop and Apache Spark, Microsoft R Server for HDInsight gives you the scale and performance you need. Multi-threaded math libraries and transparent parallelization in R Server handle up to 1000x more data and up to 50x faster speeds than open-source R, which helps you to train more accurate models for better predictions.<br\/>References:<br\/>https:\/\/docs.microsoft.com\/en-us\/azure\/hdinsight\/hadoop\/apache-hadoop-introduction<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(11,this)' id='btn-11' value='See Answer'  \/><input type='hidden' id='questionType11' value='radio' class=''><\/div><div class='watu-question' id='question-12'><div class='question-content'><p><strong>NO.375<\/strong> A bank has maintained an account for a European charity for several years. The charity provides clothing to persons in need in various countries with active terrorists&#8217; cells.<br \/>Which action by the charity indicates possible terrorist financing?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13318' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51782' \/><div class='watu-question-choice'><input type='radio' name='answer-13318[]' id='answer-id-51782' class='answer answer-12 js-answer-label answerof-13318' value='51782' \/>&nbsp;<label for='answer-id-51782' id='answer-label-51782' class='js-answer-label answer label-12'><span class='answer'>The charity frequently withdraws cash from the bank<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51783' \/><div class='watu-question-choice'><input type='radio' name='answer-13318[]' id='answer-id-51783' class='answer answer-12 php-answer-label answerof-13318' value='51783' \/>&nbsp;<label for='answer-id-51783' id='answer-label-51783' class='php-answer-label answer label-12'><span class='answer'>The charity has branch locations located in various countries<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51784' \/><div class='watu-question-choice'><input type='radio' name='answer-13318[]' id='answer-id-51784' class='answer answer-12 js-answer-label answerof-13318' value='51784' \/>&nbsp;<label for='answer-id-51784' id='answer-label-51784' class='js-answer-label answer label-12'><span class='answer'>The charity receives cash donations primarily from European countries<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51785' \/><div class='watu-question-choice'><input type='radio' name='answer-13318[]' id='answer-id-51785' class='answer answer-12 js-answer-label answerof-13318' value='51785' \/>&nbsp;<label for='answer-id-51785' id='answer-label-51785' class='js-answer-label answer label-12'><span class='answer'>The charity maintains a bank account for non-business-related expenses<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(12,this)' id='btn-12' value='See Answer'  \/><input type='hidden' id='questionType12' value='radio' class=''><\/div><div class='watu-question' id='question-13'><div class='question-content'><p><strong>NO.376<\/strong> In reviewing recent activity, a compliance officer for a money transmitter that several customers are each remitting the same amount of money but much more frequently.<br \/>How should the institution respond?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13319' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51786' \/><div class='watu-question-choice'><input type='radio' name='answer-13319[]' id='answer-id-51786' class='answer answer-13 js-answer-label answerof-13319' value='51786' \/>&nbsp;<label for='answer-id-51786' id='answer-label-51786' class='js-answer-label answer label-13'><span class='answer'>File a suspicious transaction report<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51787' \/><div class='watu-question-choice'><input type='radio' name='answer-13319[]' id='answer-id-51787' class='answer answer-13 js-answer-label answerof-13319' value='51787' \/>&nbsp;<label for='answer-id-51787' id='answer-label-51787' class='js-answer-label answer label-13'><span class='answer'>Instruct the tellers not to process remittances for these customers in the future<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51788' \/><div class='watu-question-choice'><input type='radio' name='answer-13319[]' id='answer-id-51788' class='answer answer-13 php-answer-label answerof-13319' value='51788' \/>&nbsp;<label for='answer-id-51788' id='answer-label-51788' class='php-answer-label answer label-13'><span class='answer'>Conduct further investigation to determine whether this is truly suspicious activity<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51789' \/><div class='watu-question-choice'><input type='radio' name='answer-13319[]' id='answer-id-51789' class='answer answer-13 js-answer-label answerof-13319' value='51789' \/>&nbsp;<label for='answer-id-51789' id='answer-label-51789' class='js-answer-label answer label-13'><span class='answer'>Immediately contact the customers and ask them why they are remitting money more often<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(13,this)' id='btn-13' value='See Answer'  \/><input type='hidden' id='questionType13' value='radio' class=''><\/div><div class='watu-question' id='question-14'><div class='question-content'><p><strong>NO.377<\/strong> Which factor should a financial institution (FI) consider prior to sharing customer records within the same jurisdiction?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13320' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51790' \/><div class='watu-question-choice'><input type='radio' name='answer-13320[]' id='answer-id-51790' class='answer answer-14 php-answer-label answerof-13320' value='51790' \/>&nbsp;<label for='answer-id-51790' id='answer-label-51790' class='php-answer-label answer label-14'><span class='answer'>The availability of the institution&#8217;s information sharing practices<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51791' \/><div class='watu-question-choice'><input type='radio' name='answer-13320[]' id='answer-id-51791' class='answer answer-14 js-answer-label answerof-13320' value='51791' \/>&nbsp;<label for='answer-id-51791' id='answer-label-51791' class='js-answer-label answer label-14'><span class='answer'>The degree to which the collected client data is complete<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51792' \/><div class='watu-question-choice'><input type='radio' name='answer-13320[]' id='answer-id-51792' class='answer answer-14 js-answer-label answerof-13320' value='51792' \/>&nbsp;<label for='answer-id-51792' id='answer-label-51792' class='js-answer-label answer label-14'><span class='answer'>The locally applicable restrictions regarding the disclosure of client information<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51793' \/><div class='watu-question-choice'><input type='radio' name='answer-13320[]' id='answer-id-51793' class='answer answer-14 js-answer-label answerof-13320' value='51793' \/>&nbsp;<label for='answer-id-51793' id='answer-label-51793' class='js-answer-label answer label-14'><span class='answer'>The potential different time zones within the same jurisdiction<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(14,this)' id='btn-14' value='See Answer'  \/><input type='hidden' id='questionType14' value='radio' class=''><\/div><div class='watu-question' id='question-15'><div class='question-content'><p><strong>NO.378<\/strong> A banker in the credit department wants to assess the risk of all customers, and contacts the compliance officer to request a list of customers with suspicious transaction report filings.<br \/>What should be done to protect suspicious transaction report information?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13321' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51794' \/><div class='watu-question-choice'><input type='radio' name='answer-13321[]' id='answer-id-51794' class='answer answer-15 js-answer-label answerof-13321' value='51794' \/>&nbsp;<label for='answer-id-51794' id='answer-label-51794' class='js-answer-label answer label-15'><span class='answer'>Provide the suspicious transaction report information to the credit department<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51795' \/><div class='watu-question-choice'><input type='radio' name='answer-13321[]' id='answer-id-51795' class='answer answer-15 php-answer-label answerof-13321' value='51795' \/>&nbsp;<label for='answer-id-51795' id='answer-label-51795' class='php-answer-label answer label-15'><span class='answer'>Decline to provide the suspicious transaction report information to the credit department<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51796' \/><div class='watu-question-choice'><input type='radio' name='answer-13321[]' id='answer-id-51796' class='answer answer-15 js-answer-label answerof-13321' value='51796' \/>&nbsp;<label for='answer-id-51796' id='answer-label-51796' class='js-answer-label answer label-15'><span class='answer'>Seek approval from the board of directors to disclose the suspicious transaction report information<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51797' \/><div class='watu-question-choice'><input type='radio' name='answer-13321[]' id='answer-id-51797' class='answer answer-15 js-answer-label answerof-13321' value='51797' \/>&nbsp;<label for='answer-id-51797' id='answer-label-51797' class='js-answer-label answer label-15'><span class='answer'>Contact the credit department manager to determine how the suspicious transaction report information can be provided<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(15,this)' id='btn-15' value='See Answer'  \/><input type='hidden' id='questionType15' value='radio' class=''><\/div><div class='watu-question' id='question-16'><div class='question-content'><p><strong>NO.379<\/strong> A precious metals dealer opens a new account with a bank. Which requires a referral to AML Investigations for further review?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13322' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51798' \/><div class='watu-question-choice'><input type='radio' name='answer-13322[]' id='answer-id-51798' class='answer answer-16 js-answer-label answerof-13322' value='51798' \/>&nbsp;<label for='answer-id-51798' id='answer-label-51798' class='js-answer-label answer label-16'><span class='answer'>International outgoing wires to diamond dealers that are part of the diamond pipeline.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51799' \/><div class='watu-question-choice'><input type='radio' name='answer-13322[]' id='answer-id-51799' class='answer answer-16 php-answer-label answerof-13322' value='51799' \/>&nbsp;<label for='answer-id-51799' id='answer-label-51799' class='php-answer-label answer label-16'><span class='answer'>Payments received on the account reference unknown companies in the instructions.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51800' \/><div class='watu-question-choice'><input type='radio' name='answer-13322[]' id='answer-id-51800' class='answer answer-16 js-answer-label answerof-13322' value='51800' \/>&nbsp;<label for='answer-id-51800' id='answer-label-51800' class='js-answer-label answer label-16'><span class='answer'>International incoming payments from foreign companies in which the precious metals dealer has an established relationship.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51801' \/><div class='watu-question-choice'><input type='radio' name='answer-13322[]' id='answer-id-51801' class='answer answer-16 js-answer-label answerof-13322' value='51801' \/>&nbsp;<label for='answer-id-51801' id='answer-label-51801' class='js-answer-label answer label-16'><span class='answer'>Multiple daily point of sale transactions from third parties that appear to be individuals.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>payments received on the account that reference unknown companies in the instructions indicate a possible attempt to obscure the source or purpose of the funds. This could be a sign of money laundering, tax evasion, fraud, or other illicit activities. Such payments should be referred to AML Investigations for further review and verification of the identity and legitimacy of the companies involved.<br\/>References:<br\/>* FATF Guidance on the Risk-Based Approach for Dealers in Precious Metals and Stones, page 18, paragraph 57: &#8220;The dealer should also pay attention to the information provided by the customer on the source and origin of the funds or assets, and verify it where possible. For example, the dealer should be alert to situations where the customer provides vague, incomplete or inconsistent information about the source and origin of the funds or assets, or where the information provided does not match with the customer&#8217;s profile or business activity.&#8221;<br\/>* Risk-Based Approach For Dealers in Precious Metals and Stones (DPMS), section &#8220;Business-based risk approach&#8221;, sub-section &#8220;2- Geographical location&#8221;: &#8220;You must also assess the geographical location of your business and the countries you deal with. You must be aware of the countries that are high-risk or non-cooperative jurisdictions as per the FATF recommendations. You must also consider the countries that are subject to sanctions, embargoes, or similar measures issued by the United Nations, the European Union, or any other relevant organization. You must also be careful of the countries that are known to have significant levels of corruption, organized crime, or terrorist activity.&#8221;<br\/>* What are the Risks of Money Laundering for Precious Metals Dealers?, section &#8220;Money Laundering Red Flags for DPMS&#8221;, bullet point 4: &#8220;The customer provides vague, incomplete, or inconsistent information about the source and origin of the funds or assets.&#8221; Reference: https:\/\/www.imf.org\/external\/pubs\/ft\/tnm\/2014\/tnm1401a.pdf<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(16,this)' id='btn-16' value='See Answer'  \/><input type='hidden' id='questionType16' value='radio' class=''><\/div><div class='watu-question' id='question-17'><div class='question-content'><p><strong>NO.380<\/strong> A bank in an offshore jurisdiction approaches an institution about opening a new correspondent banking relationship. Prior to opening the account, the new account representative obtains copies of the offshore bank&#8217;s anti-money laundering policies and procedures, and all appropriate legal documentation for the bank; ascertains no third parties will be able to access the accounts; and determines the owners of the bank, the bank&#8217;s primary business activities, and the business address of the bank. Which of the following steps does the Basel Committee on Banking Supervision&#8217;s Customer Due Diligence for Banks Paper recommend the banker take prior to opening Oils correspondent account?<br \/>1. Conduct a site visit and meet all the principals and beneficial owners in person.<br \/>2. Verify the bank has a physical presence in the country where it is incorporated.<br \/>3. Confirm the bank is subject to regulatory supervision with adequate anti-money laundering laws.<br \/>4. Obtain and maintain a complete listing of the correspondent bank&#8217;s customers, including politically exposed persons.<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13323' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51802' \/><div class='watu-question-choice'><input type='radio' name='answer-13323[]' id='answer-id-51802' class='answer answer-17 js-answer-label answerof-13323' value='51802' \/>&nbsp;<label for='answer-id-51802' id='answer-label-51802' class='js-answer-label answer label-17'><span class='answer'>1 and 2 only<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51803' \/><div class='watu-question-choice'><input type='radio' name='answer-13323[]' id='answer-id-51803' class='answer answer-17 js-answer-label answerof-13323' value='51803' \/>&nbsp;<label for='answer-id-51803' id='answer-label-51803' class='js-answer-label answer label-17'><span class='answer'>1 and 4 only<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51804' \/><div class='watu-question-choice'><input type='radio' name='answer-13323[]' id='answer-id-51804' class='answer answer-17 php-answer-label answerof-13323' value='51804' \/>&nbsp;<label for='answer-id-51804' id='answer-label-51804' class='php-answer-label answer label-17'><span class='answer'>2 and 3 only<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51805' \/><div class='watu-question-choice'><input type='radio' name='answer-13323[]' id='answer-id-51805' class='answer answer-17 js-answer-label answerof-13323' value='51805' \/>&nbsp;<label for='answer-id-51805' id='answer-label-51805' class='js-answer-label answer label-17'><span class='answer'>3 and 4 only<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>The Basel Committee on Banking Supervision&#8217;s Customer Due Diligence for Banks Paper recommends that banks should verify the bank has a physical presence in the country where it is incorporated and confirm the bank is subject to regulatory supervision with adequate anti-money laundering laws before opening a correspondent account. These steps are intended to prevent the establishment of relationships with shell banks, which are banks that have no physical presence in any country and are not affiliated with a regulated financial group. Shell banks pose a high risk of money laundering and terrorist financing, as they can be used to hide the identity and source of funds, evade regulatory oversight, and facilitate illicit transactions.<br\/>Therefore, banks should conduct enhanced due diligence on correspondent banks that operate in offshore jurisdictions, where the regulatory standards and transparency may be lower or insufficient.<br\/>References:<br\/>* ACAMS CAMS Certification Study Guide, 6th Edition, Chapter 4, Section 4.3.1, p. 1091<br\/>* ACAMS CAMS Certification Exam Outline, 6th Edition, Domain 2, Task 2.2, p. 52<br\/>* Basel Committee on Banking Supervision, Customer Due Diligence for Banks, October 2001, p. 13-143<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(17,this)' id='btn-17' value='See Answer'  \/><input type='hidden' id='questionType17' value='radio' class=''><\/div><div class='watu-question' id='question-18'><div class='question-content'><p><strong>NO.381<\/strong> What are two legal risks of having inadequate privacy policies and procedures? (Choose two.)<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13324' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51806' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13324[]' id='answer-id-51806' class='answer answer-18 js-answer-label answerof-13324' value='51806' \/>&nbsp;<label for='answer-id-51806' id='answer-label-51806' class='js-answer-label answer label-18'><span class='answer'>Diminished reputation<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51807' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13324[]' id='answer-id-51807' class='answer answer-18 php-answer-label answerof-13324' value='51807' \/>&nbsp;<label for='answer-id-51807' id='answer-label-51807' class='php-answer-label answer label-18'><span class='answer'>Industry of regulatory sanctions<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51808' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13324[]' id='answer-id-51808' class='answer answer-18 php-answer-label answerof-13324' value='51808' \/>&nbsp;<label for='answer-id-51808' id='answer-label-51808' class='php-answer-label answer label-18'><span class='answer'>Charges of deceptive business practices<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51809' \/><div class='watu-question-choice'><input type='checkbox' name='answer-13324[]' id='answer-id-51809' class='answer answer-18 js-answer-label answerof-13324' value='51809' \/>&nbsp;<label for='answer-id-51809' id='answer-label-51809' class='js-answer-label answer label-18'><span class='answer'>Higher marketing and public relations costs<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>Having inadequate privacy policies and procedures can expose an organization to legal risks such as industry or regulatory sanctions and charges of deceptive business practices. Industry or regulatory sanctions can result from violating the laws and regulations that govern data privacy and protection, such as the GDPR, the CCPA, or the GLBA. These sanctions can include fines, penalties, injunctions, or revocation of licenses.<br\/>Charges of deceptive business practices can arise from misleading or false statements about how the organization collects, uses, or discloses personal data, or from failing to comply with its own privacy policies and procedures. These charges can lead to lawsuits, settlements, or enforcement actions by authorities such as the FTC or the state attorneys general.<br\/>References: =<br\/>* The 4 Biggest Risks of Non-Compliance With Data Privacy Regulations<br\/>* Security and privacy laws, regulations, and compliance: The complete guide<br\/>* An Ethical Approach to Data Privacy Protection<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(18,this)' id='btn-18' value='See Answer'  \/><input type='hidden' id='questionType18' value='checkbox' class=''><\/div><div class='watu-question' id='question-19'><div class='question-content'><p><strong>NO.382<\/strong> When an institution files an STR with regard to a particular account, what steps should the institution take via account?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13325' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51810' \/><div class='watu-question-choice'><input type='radio' name='answer-13325[]' id='answer-id-51810' class='answer answer-19 js-answer-label answerof-13325' value='51810' \/>&nbsp;<label for='answer-id-51810' id='answer-label-51810' class='js-answer-label answer label-19'><span class='answer'>The institution should close the account due to the obvious risk it represents<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51811' \/><div class='watu-question-choice'><input type='radio' name='answer-13325[]' id='answer-id-51811' class='answer answer-19 php-answer-label answerof-13325' value='51811' \/>&nbsp;<label for='answer-id-51811' id='answer-label-51811' class='php-answer-label answer label-19'><span class='answer'>The institution should keep the account open due to the need to continue to monitor the account<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51812' \/><div class='watu-question-choice'><input type='radio' name='answer-13325[]' id='answer-id-51812' class='answer answer-19 js-answer-label answerof-13325' value='51812' \/>&nbsp;<label for='answer-id-51812' id='answer-label-51812' class='js-answer-label answer label-19'><span class='answer'>The institution should consult its counsel and AML compliance officer and determine whether closing the account is in accord with the institution&#8217;s procedures<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51813' \/><div class='watu-question-choice'><input type='radio' name='answer-13325[]' id='answer-id-51813' class='answer answer-19 js-answer-label answerof-13325' value='51813' \/>&nbsp;<label for='answer-id-51813' id='answer-label-51813' class='js-answer-label answer label-19'><span class='answer'>The institution should not close the account due to the risk of tipping off the customer and upsetting the criminal investigation<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'><\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(19,this)' id='btn-19' value='See Answer'  \/><input type='hidden' id='questionType19' value='radio' class=''><\/div><div class='watu-question' id='question-20'><div class='question-content'><p><strong>NO.383<\/strong> Which is a FATF characteristic used to assess a country&#8217;s effectiveness of its AML regime?<\/p>\n<\/div><input type='hidden' name='question_id[]' value='13326' \/><div class='watu-questions-wrap '><input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51814' \/><div class='watu-question-choice'><input type='radio' name='answer-13326[]' id='answer-id-51814' class='answer answer-20 js-answer-label answerof-13326' value='51814' \/>&nbsp;<label for='answer-id-51814' id='answer-label-51814' class='js-answer-label answer label-20'><span class='answer'>Funds supporting and proceeding from crime or terrorism are prevented from entering the financial sector.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51815' \/><div class='watu-question-choice'><input type='radio' name='answer-13326[]' id='answer-id-51815' class='answer answer-20 js-answer-label answerof-13326' value='51815' \/>&nbsp;<label for='answer-id-51815' id='answer-label-51815' class='js-answer-label answer label-20'><span class='answer'>Legal persons are prevented from misuse for money laundering or terrorist financing.<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51816' \/><div class='watu-question-choice'><input type='radio' name='answer-13326[]' id='answer-id-51816' class='answer answer-20 js-answer-label answerof-13326' value='51816' \/>&nbsp;<label for='answer-id-51816' id='answer-label-51816' class='js-answer-label answer label-20'><span class='answer'>Supervisors appropriately supervise, monitor, and regulate financial institutions (Fls).<\/span><\/label><\/div>\n<input type='hidden' name='answer_ids[]' class='watu-answer-ids' value='51817' \/><div class='watu-question-choice'><input type='radio' name='answer-13326[]' id='answer-id-51817' class='answer answer-20 php-answer-label answerof-13326' value='51817' \/>&nbsp;<label for='answer-id-51817' id='answer-label-51817' class='php-answer-label answer label-20'><span class='answer'>FIs adequately apply preventive measures.<\/span><\/label><\/div>\n<\/div><div class='show-question-feedback' style='display:none;'>The FATF is an inter-governmental body that sets standards and promotes effective implementation of legal, regulatory, and operational measures for combating money laundering, terrorist financing, and other related threats to the integrity of the international financial system. The FATF conducts mutual evaluations of its members and other jurisdictions to assess their compliance with the FATF Recommendations and the effectiveness of their AML\/CFT regimes1.<br\/>The FATF defines effectiveness as &#8220;the extent to which a country&#8217;s AML\/CFT regime is achieving the defined outcomes of an effective regime that allows them to mitigate their risks and threats of ML\/TF&#8221;2. The FATF assesses effectiveness based on 11 immediate outcomes, which are grouped into three thematic goals: financial system integrity, legal system and operational issues, and international cooperation2.<br\/>One of the immediate outcomes under the financial system integrity goal is that &#8220;FIs adequately apply preventive measures commensurate with their risks, and report suspicious transactions&#8221; (IO.4)2. This outcome measures how well FIs implement the FATF Recommendations on customer due diligence, record-keeping, internal controls, risk assessment, and suspicious transaction reporting. These preventive measures are essential for FIs to identify and mitigate the risks of being misused for money laundering or terrorist financing, and to provide useful information to the authorities for investigation and prosecution2.<br\/>Therefore, the correct answer is D. FIs adequately apply preventive measures, as this is one of the FATF characteristics used to assess a country&#8217;s effectiveness of its AML regime.<br\/>References:<br\/>FATF Methodology for assessing compliance with the FATF Recommendations and the effectiveness of AML\/CFT systems An effective system to combat money laundering and terrorist financing<\/div><input type='button' class='showchecked' style='margin: 10px 0;' onclick='showanswer1(20,this)' id='btn-20' value='See Answer'  \/><input type='hidden' id='questionType20' value='radio' class=''><\/div><div style='display:none' id='question-21'><br \/><div class='question-content'><img decoding=\"async\" src=\"https:\/\/exam.real4prep.com\/wp-content\/plugins\/watu\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading ...\" title=\"Loading ...\" \/>&nbsp;Loading &#8230;<\/div><\/div><br \/>\n<input type=\"button\" name=\"action\" onclick=\"Watu.submitResult()\" id=\"action-button\" style=\"margin:0 auto 20px auto;\" value=\"View Results\"  class=\"watu-submit-button\" \/>\n<input type=\"hidden\" name=\"no_ajax\" value=\"0\"><input type=\"hidden\" name=\"quiz_id\" value=\"676\" \/>\n<input type=\"hidden\" id=\"watuStartTime\" name=\"start_time\" value=\"2026-09-23 11:30:53\" \/>\n<\/form>\n<\/div>\n<div id=\"watu-loading-result\" style=\"display:none;\">\n\t<p align=\"center\"><img decoding=\"async\" src=\"https:\/\/exam.real4prep.com\/wp-content\/plugins\/watu\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading\" title=\"Loading\" \/><\/p>\n<\/div>\t\n<script type=\"text\/javascript\">\nvar exam_id=0;\nvar question_ids='';\nvar watuURL='';\njQuery(function($){\nquestion_ids = \"13307,13308,13309,13310,13311,13312,13313,13314,13315,13316,13317,13318,13319,13320,13321,13322,13323,13324,13325,13326\";\nexam_id = 676;\nWatu.exam_id = exam_id;\nWatu.qArr = question_ids.split(',');\nWatu.post_id = 1655;\nWatu.singlePage = '1';\nWatu.hAppID = \"0.53151300 1790163053\";\nwatuURL = \"https:\/\/exam.real4prep.com\/wp-admin\/admin-ajax.php\";\nWatu.noAlertUnanswered = 0;\n});\n\nfunction showanswer1(e,q) {\n\tvar check = new Array();\n\tjQuery('.answer-' + e).each(function (i) {\n\t\tcheck.push(this.checked)\n\t})\n\tlet textval = jQuery('.watu-textarea-' + e).val()\n\tif (jQuery.inArray(true, check) >= 0 || textval !== '' && textval !== undefined) {\n\t\tjQuery(q).stop().fadeOut(300)\n\t\tjQuery('.php-answer-label.label-' + e).addClass(\n\t\t\t'correct-answer'\n\t\t)\n\t\tjQuery('.answer-' + e).each(function (i) {\n\t\t\tif (this.checked && this.className.match(\/js\\-answer\/)) {\n\t\t\t\tvar number = this.id.toString().replace(\/\\D\/g, '')\n\t\t\t\tif (number) {\n\t\t\t\t\tjQuery('#answer-label-' + number).addClass('user-answer')\n\t\t\t\t}\n\t\t\t}\n\t\t})\n\t\tjQuery(q).siblings('.show-question-feedback').stop().fadeIn(300)\n\t\ttextval = ''\n\t} else if (textval == '' || textval == undefined){\n\t\t\/\/jQuery(\".hint\").stop().fadeIn(300)\n\t\talert('Please first answer the question');\n\t}\n}\nvar btnisshow = jQuery(\".php-answer-label\").length\nif (btnisshow > 0) {\n\tjQuery('.showchecked').show()\n} else {\n\tjQuery('.showchecked').hide()\n}\n<\/script>\n<p><strong>CAMS Exam Questions and Valid PMP Dumps PDF: <a href=\"https:\/\/www.real4prep.com\/CAMS-exam.html\" target=\"_blank\">https:\/\/www.real4prep.com\/CAMS-exam.html<\/a><\/strong><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Real ACAMS CAMS Exam Dumps with Correct 645 Questions and Answers Valid CAMS Test Answers &amp; ACAMS CAMS Exam PDF ACAMS CAMS Exam is an essential certification&#8230; <\/p>","protected":false},"author":1,"featured_media":1656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1347,1346],"tags":[4775,4773,4772,4777,4776,4774],"class_list":["post-1655","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acams","category-cams","tag-cams-exam-practice","tag-cams-latest-test-topics","tag-cams-new-practice-questions","tag-cams-training-materials","tag-new-cams-test-questions-answers","tag-new-cams-test-registration"],"_links":{"self":[{"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/posts\/1655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/comments?post=1655"}],"version-history":[{"count":1,"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/posts\/1655\/revisions"}],"predecessor-version":[{"id":2020,"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/posts\/1655\/revisions\/2020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/media\/1656"}],"wp:attachment":[{"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/media?parent=1655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/categories?post=1655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.real4prep.com\/de\/wp-json\/wp\/v2\/tags?post=1655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}