Free Access ACAMS.CAMS.v2024-03-23.q386 Practice Test (Page 48)

Question 231

Which situations would require a financial institution (FI) to update its ML/TF risk assessment? (Choose two.)

A.When new products, services or customer types are introduced

B.When new board members are elected

C.When the AML compliance team hires new employees

D.When the institution faces a merger or acquisition

E.When opening a sales point in a new location in the same city

Question 232

Which statement is true about banking regulatory agencies having the authority to obtain information from regulated institutions?

A.The agencies authority to conduct examinations negates the need for a warrant or subpoena

B.The regulatory agencies may only obtain information from the regulated institution's books and records by virtue of a search warrant

C.If a regulatory agency intends to prosecute a regulated institution, a warrant or subpoena must first be granted before the information can be obtained

D.A search warrant may be substituted by a court subpoena compelling the institution to produce the information to the regulatory agency

Question 233

Who has the day-to-day responsibility of communicating and reinforcing the established anti-money laundering compliance culture and program?

A.Business lines

B.Senior management

C.Board of directors

D.Compliance officer

Question 234

FATF recommends the incorporation of some measures in customer due diligence (CDD) programs including:

A.identifying the products and services and their suitability to customers.

B.conducting ongoing due diligence on the business relationship and monitoring of transactions.

C.conducting the risk assessment of products and services.

D.identifying the number of beneficial owners without the verification of their true identity.

Question 235

According to experts, what is the most effective way to prevent money laundering through financial institutions?

A.Ensuring that transaction monitoring systems can identify terrorist financing

B.Collecting information on beneficial owners and foreign customers

C.Instituting a policy prohibiting the acceptance of funds intended for terrorist financing

D.Implementing a sound customer due diligence program

Premium Bundle

Newest CAMS Exam PDF Dumps shared by BraindumpsPass.com for Helping Passing CAMS Exam! BraindumpsPass.com now offer the updated CAMS exam dumps, the BraindumpsPass.com CAMS exam questions have been updated and answers have been corrected get the latest BraindumpsPass.com CAMS pdf dumps with Exam Engine here:

Access CAMS Premium Version

(865 Q&As Dumps, 40%OFF Special Discount: Exam-Tests)

Other Version: 13917ACAMS.CAMS.v2025-07-24.q696; 5822ACAMS.CAMS.v2025-01-18.q542; 4306ACAMS.CAMS.v2024-12-05.q439; 5608ACAMS.CAMS.v2022-10-31.q252; 6606ACAMS.CAMS.v2022-08-15.q349; 7577ACAMS.CAMS.v2022-03-03.q260; 102ACAMS.Ipassleader.CAMS.v2021-10-25.by.nathaniel.106q.pdf

Latest Upload: 277PaloAltoNetworks.NGFW-Engineer.v2026-05-01.q43; 389Nokia.4A0-113.v2026-05-01.q69; 423EC-COUNCIL.312-49v11.v2026-04-30.q214; 346Microsoft.MB-820.v2026-04-30.q101; 262Salesforce.MC-202.v2026-04-30.q57; 306BICSI.INSTC_V8.v2026-04-29.q53; 435NMLS.MLO.v2026-04-28.q82; 292NCARB.Project-Management.v2026-04-28.q27; 525EMC.D-AV-DY-23.v2026-04-27.q184; 1361ServiceNow.CSA.v2026-04-27.q483