Free Access ACAMS.CAMS.v2025-07-24.q696 Practice Test (Page 34)

Question 161

The marketing department presents a business plan targeting individuals holding important public positions.
What are some steps the financial institution should implement as part of the plan to target such individuals?

A.Investigate the source of funds

B.Determine the purpose of the account

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

D.Take all reasonable steps to check the background of the individual based on public information

Question 162

What does designing a country as being of "prime money laundering concern" allow the U.S. government to do?

A.Obtain transactional information from U.S.-owned subsidiary banks located outside the U.S.

B.Ensure the inclusion of that country into the office of Foreign Asset Control country sanctions programs

C.Ensure the inclusion of that country onto FATF's Non-Cooperative Country and Territory list

D.Close some or all correspondent or payable-through accounts

Question 163

What is a method of placement that can be used by a money launderer in a deposit taking institution?

A.Depositing cash into the money launderer's account

B.Sending a large number of funds transfers between accounts

C.Withdrawing large amounts of cash from the money launderer's account

D.Depositing cashier's checks and money orders into the money launderer's account

Question 164

The ultimate goal of economic sanctions is to:

A.protect the reputation of the country.

B.prevent terrorists from profiting from trade.

C.protect national security.

D.reduce the profits of sanctioned countries.

Question 165

An anti-money laundering officer for a financial institution has been conducting a monthly self assessment.
The officer reviews the accounts increase in compliance with a long standing know your Customer policy. The self-assessment for the latest month shows a significant increase in compliance deficiencies for the first time in more than a year. What is the nest course of action for the anti-money laundering officer to take?

A.Revise the policy to simplify Know Your Customer compliance before the report is issued

B.Inform the Board of Directors promptly of the Know Your Customer policy trend over the last six months.

C.Implement a revision to the account-opening training program

D.Determine if there is a readily identifiable cause for the deficiencies

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Question 161

Question 162

Question 163

Question 164

Question 165

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