almost 2 years ago

You surely desire the CAMS certification. So with a tool as good as our CAMS exam material, why not study and practice for just 20 to 30 hours and then pass the examination? With our great efforts, our CAMS study materials have been narrowed down and targeted to the examination. So you don't need to worry about wasting your time on useless CAMS Exam Materials information. We can ensure you a pass rate as high as 98% to 100%. If you're looking for the prestigious AML certificate issued by a reputed international organization that specializes in and is dedicated to the detection and prevention of financial crime, then you should opt for the ACAMS Certified Anti-Money Laundering Specialist (CAMS) certification exam which ensures an individual's skill in the field of anti-money laundering.

About CAMS Designation

The CAMS certification is well-known around the globe for being the gold standard among Anti-Money Laundering validations which outlines the main aspects of money laundering and its prevention. What is more, such a certificate helps in encouraging a culture of compliance in organizations and demonstrating one's dedication to a structured risk-based approach. It also helps in meeting accepter anti-money laundering training requirements while rewarding and retaining top performers. Finally, the certification also aids in successfully safeguarding against financial damage. >> CAMS Passing Score <<

Exam CAMS Dump, CAMS Exam Outline

The immediate downloading feature of our CAMS study materials is an eminent advantage of our products. Once the pay is done, our customers will receive an e-mail from our company. There is a linkage given by our e-mail, and people can begin their study right away after they have registered in. Our CAMS study materials are available for downloading without any other disturbing requirements as long as you have paid successfully, which is increasingly important to an examinee as he or she has limited time for personal study. Therefore, our CAMS Study Materials are attributive to high-efficient learning.

How to Get Certified

To obtain the ACAMS CAMS certificate individuals must take and successfully pass the affiliated namesake CAMS exam, which requires individuals to go through a three-step process. This has been outlined below:

• Be a member of ACAMS Individuals may gain membership of ACAMS as individuals, as part of an enterprise, as public sector workers, or as part of a chapter. Members are required to make a standard membership payment.
• Take the actual CAMS examAfter an individual is found to be eligible and their application has been approved, they may go on to schedule their CAMS evaluation.
• Submit an applicationAfter gaining membership at ACAMS, individuals are required to submit an application form along with payment. To be eligible to send an application, individuals must meet the following requirements: hold an active ACAMS membership, have 40 ACAMS credits, possess an education (10 credits for associates, 20 credits for bachelors, 30 credits for masters, and 40 credits for JD, or PhD), possess work experience (10 credits for each year of work experience), and have training (1 credit for an hour of training in the field of financial crime).

ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q196-Q201):

NEW QUESTION # 196
A foreign bank's compliance officer receives a request for information from a US bank, alerting the foreign bank to the possibility that it may have transferred funds on behalf of an Office of Foreign Assets Control (OFAC>-sanctioned person, who holds an account with the foreign bank. Which statements are true with respect to said funds and the information in relation to the transaction under scrutiny? (Select Two.)

• A. The USA PATRIOT Act authorizes the Secretary of the Treasury or the Attorney General to subpoena records from the foreign bank that maintains a correspondent account with a US bank,
• B. If a US citizen were part of the foreign bank's Board deliberations where a decision was made to onboard the OFAC-sanctioned entity as a client, then they can be confronted with criminal charges.
• C. If the funds are seized, then the foreign bank would be within its rights to dispute such seizure.
• D. US authorities have no power (in terms of the USA PATRIOT Act) to sanction the foreign bank for transferring funds on behalf of an OFAC-sanctioned entity.
• E. US authorities are only permitted to seize the funds transferred by the foreign bank under OFAC sanctions if there is an equivalent sanctions regime of the UN which has been contravened.

Answer: A,C Explanation:
Explanation
According to the USA PATRIOT Act, US authorities do have the power to subpoena records from foreign banks that maintain correspondent accounts with US banks. This is known as a "section 314(a) request," which allows law enforcement to obtain information related to suspected terrorist financing or money laundering.
However, US authorities are not limited to seizing only funds transferred under OFAC sanctions if there is an equivalent UN sanctions regime that has been contravened. The US government can impose its own sanctions that are independent of the UN, and can seize funds or take other actions to enforce those sanctions.
Therefore, the correct answers to the question are A and C:
If the funds are seized, then the foreign bank would be within its rights to dispute such seizure. C. The USA PATRIOT Act authorizes the Secretary of the Treasury or the Attorney General to subpoena records from the foreign bank that maintains a correspondent account with a US bank.
NEW QUESTION # 197
What was the topic the Wolfsberg Group's first guidance addressed?

• A. AML training for financial institution staff
• B. Merchant acquiring activities
• C. Private banking
• D. Enhanced due diligence for high risk customers

Answer: C Explanation:
Explanation
The Group first came together in 2000 at the Wolfsberg castle in Switzerland, accompanied by representatives of Transparency International, to draft anti-money laundering guidelines for private banking
NEW QUESTION # 198
Which three statements are true regarding the extraterritorial reach of laws and legislation of the U.S.?

• A. The defendant does not need to know the funds came from an illegal activity under state, federal or foreign law
• B. Economic and trade sanctions by OFAC may pose extraterritorial risks for financial institutions and businesses outside the U.S.
• C. The extraterritorial reach covers all transactions throughout the global economy
• D. The criminal anti-money laundering law can apply to transactions that occur partially overseas

Answer: A,B,D Explanation:
Explanation/Reference:
NEW QUESTION # 199
An accounting firm opened an account at a bank that is intended to be used as the operational account for the business. After a few months, a comprehensive review of the account was triggered due to unusual activity on the account. Which most likely triggered the review?

• A. The account receives several payments a day from multiple customers who operate in different industries.
• B. The account sends monthly donations to several charities that operate in the same communities as the accounting firm.
• C. The account receives international wires from companies in the Middle East where the accounting firm has several branches.
• D. The account receives international payments that are substantially higher than other fees they typically receive.

Answer: B
NEW QUESTION # 200
When an institution conducts an internal investigation into an account following a law enforcement inquiry, it should consider a number of factors to independently determine if the account should be dosed. Which three considerations should be made when making the determination about closing an account? Choose 3 answers

• A. The institution's policies and procedures for closing an account
• B. Oral requests by a law enforcement agency or prosecutor for the account to be dosed
• C. signed written requests by a law enforcement agency or prosecutor on official letterhead for theaccount to remain open
• D. The level of seriousness of the underlying conduct

Answer: A,B,C
NEW QUESTION # 201
...... Exam CAMS Dump: https://www.testinsides.top/CAMS-dumps-review.html