Free Access ACAMS.CAMS.v2025-07-24.q696 Practice Test (Page 114)

Question 561

A businessman requests a European private bank to open a numbered or alternate name account. According to the Basel Committee on Banking Supervision principles, which of the following is the most important question the banker should ask?

A.What account-opening date should I record'!'

B.Who will inherit the proceeds in the event of the businessman's death?

C.Who will control the account?

D.How much money will be deposited into the account?

Question 562

What are two purposes of the USA PATRIOT Act? (Choose two.)

A.To strengthen United States' measures to prevent, detect, and prosecute international money laundering and financing of terrorism

B.To subject to special scrutiny foreign jurisdictions, foreign financial institutions, and classes of international transactions or types of accounts that are susceptible to criminal abuse

C.To administer and enforce economic and trade sanctions based on United States foreign policy and national security goals against targeted foreign countries and regimes, terrorists, and international narcotics traffickers

D.To set standards and promote 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

Question 563

Which primary international authoritative body designates sanctions?

A.Organization of Economic Co-operation and Development (OECD)

B.Financial Action Task Force (FATF)

C.International Monetary Fund (IMF)

D.United Nations (UN)

Question 564

The marketing department presents to an anti-money laundering specialist a business plan targeting individuals holding important public positions. In addition to obtaining the proper identification and basic information from these customers, what else should the anti-money laundering specialist recommend a financial institution do to check the background and conduct enhanced due diligence based on public information?

A.Investigate the source of funds.

B.Identify people and companies that are clearly related.

C.Identify a person fully, including their political history.

D.Determine if a client appears on the Basel Committee on Banking Supervision's list of public officials.

Question 565

What is a tool governments and multi-national bodies can use to prevent the proliferation of weapons of mass destruction?

A.Economic Sanctions

B.Mutual Legal Assistance Treaties

C.Commission Rogatoire

D.Account Monitoring Order

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Question 561

Question 562

Question 563

Question 564

Question 565

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