ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) CAMS7 Prüfungsfragen mit Lösungen:
1. Which statement best describes a key money laundering risk associated with virtual asset service providers (VASPs), cryptoassets, and related products?
A) Mandatory reporting requirements have been implemented for certain types of crypto transactions, but gaps in regulation and enforcement still leave room for money laundering activities.
B) The transparency of blockchain technology helps law enforcement trace transactions, but it can also provide criminals with ways to obscure their financial activities through complex layering techniques.
C) The pseudonymous nature of transactions allows criminals to hide their identities while transferring large sums of money globally, making it difficult to trace the ultimate beneficial owner.
D) Cryptoassets can be transferred across borders quickly, but the volatility of their value still makes them less attractive for money laundering compared to traditional assets
2. Why is it important to use multiple sanctions lists, such as United Nations (UN), Office of Foreign Assets Control ("OFAC"), and European Union ("EU") lists, in name screening systems?
A) To meet international regulatory requirements and identify risks across jurisdictions
B) To be in line with the risk appetite statement
C) To avoid onboarding customers previously exited due to true match
D) To avoid sanctions breach related to payments
3. Which risk factors are associated with acquiring and servicing the banking activities of customers considered higher risk for financial crime activities? (Select Three.)
A) Sanctions risk
B) Lending risk
C) Compliance risk
D) Operational risk
E) Reputational risk
4. Which action should a financial institution take when it receives a grand-jury subpoena regarding a customer?
A) Notify the customer being investigated before submitting documents
B) Keep the customer's accounts open at the enforcement agency's verbal request
C) Have the institution's assigned legal counsel review the subpoena
D) Make copies of the customer's documents and submit the originals to the enforcement agency
5. Which step should financial institutions take when complying with sanctions requirements?
A) Conduct enhanced due diligence for prohibited entities on the sanctions list.
B) Change the risk profile to "high-risk" if an existing customer becomes a sanctioned entity and continue monitoring further transactions.
C) Freeze the funds or assets of designated persons and entities once this decision is approved by the board.
D) Adopt automatic screening systems to detect designated persons and entities.
Fragen und Antworten:
| 1. Frage Antwort: C | 2. Frage Antwort: A | 3. Frage Antwort: A,C,E | 4. Frage Antwort: C | 5. Frage Antwort: D |
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