Free Access ACAMS.CAMS.v2022-03-03.q260 Practice Test (Page 37)

Question 176

What kind of person should perform the independent testing of an institution's anti-money laundering program?

A.A former anti-money laundering officer from a similar institution

B.A person who reports directly to the Board of Directors or a Board Committee

C.A certified specialist in the anti-money laundering field

D.A retired government regulator or federal law enforcement officer

Question 177

The purpose of an anti-money laundering program should be to do what?

A.Focus monitoring efforts on riskier transactions and customers

B.Detect and report cash structuring and suspicious wire transactions

C.Detect all illegal activity perpetrated by customers

D.Avoid criticism and sanctions from government regulators

Question 178

What are some red flags pertaining to potentially suspicious transactions by a customer? Choose 3 answers

A.Having multiple individuals use the ATM card connected with the account m different cities

B.Have a common address with several other bank clients

C.Having a commercial account with cash deposits

D.Having multiple addresses and/or moving frequently

Question 179

In many jurisdictions, financial institutions are prohibited from hiring a person who has been convicted of what type of offense?

A.Kidnapping

B.Offenses involving dishonesty

C.Driving while under the influence

D.Protests of government action

Question 180

Which three procedures should a compliance officer looking to revise an institution's CTF efforts include in accordance with the Wolfsberg Group's Statement on the Suppression of the Financing of Terrorism?

A.Consulting applicable lists and taking appropriate actions to determine if customers appear on such lists

B.Reporting matches from lists of known or suspected terrorists to relevant authorities

C.Maintaining customer information to facilitate timely retrieval of such information

D.Reviewing only original identification documents when verifying customers

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Question 176

Question 177

Question 178

Question 179

Question 180

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