Online Access Free CAMS-FCI Practice Test

Which are some of the negative impacts from illegal wildlife trade and environmental crimes? (Select Two.)

• A.Threats to biodiversity
• B.Threats to a country's political stability
• C.Barriers to banking by low income population
• D.Loss of potential tax proceeds
• E.Public health consequences

Why is a more robust supervisory approach needed by regulators when overseeing small- and medium-sized money service businesses (MSBs) compared to larger MSBs for combatting terrorist financing (TF)?

• A.Small- and medium-sized MSBs are more at risk of allowing transactions linked to TF due to the lack of skilled compliance resources.
• B.Small- and medium-sized MSBs need to be targeted to ensure that competition in the industry remains constant and uniform.
• C.Small- and medium-sized MSBs need to be robustly supervised so the regulator can maintain visibility in combatting TF.
• D.Small- and medium-sized MSBs are more likely to falsify records to appear less risky in order to keep the banking relationship.

A compliance analyst is reviewing the account activity of a customer that they suspect may be indicative of money laundering activity. Which is difficult to determine solely from the customer's account activity and KYC file?

• A.If the account is mostly dormant or has little activity
• B.If the activity is materially different from related businesses
• C.If there is negative media associated with counterparties
• D.If the account has multiple transfers to the same, related businesses

A government entity established a trust to provide social welfare programs. The entity wants cash payments made to persons without supporting documentation. These persons would oversee the allocation of funds to beneficiaries without complying with internal disbursement of government funds controls. Which is the main premise for filing a SAR/STR?

• A.Trust service providers are not obliged by law to follow government internal controls.
• B.Social welfare programs are difficult to document because the beneficiaries are from the informal sector.
• C.Cash disbursements are not allowed for social welfare programs.
• D.The entity is not implementing adequate internal controls according to what is expected, and mishandling of funds could be occurring.

Which most likely indicates that a business email compromise attack has occurred?

• A.A company adds a new employee as an authorized signer.
• B.A company has a new beneficial owner.
• C.A company sends a recurring payment to a new account number.
• D.A company sends a larger-than-normal check to an existing supplier.