ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) - CAMS7 FREE EXAM DUMPS QUESTIONS & ANSWERS

A. Certificate of incorporation alone B. Utility bill C. Beneficial ownership declaration D. ATM transaction history

A. Define in policies and procedures the screening scope, frequency, and alert adjudication process B. Conduct a risk assessment to determine which data attributes to screen, screening frequency, and database selection C. Assign a designated person to ensure consistent implementation of screening controls D. Identify the most commonly used name screening database in the industry E. Conduct regular testing to validate that the screening system is performing as expected

A. US citizens regardless of location B. Merchants that offer US-origin goods for sale regardless of location C. US incorporated entities and their foreign branches D. Permanent US resident aliens regardless of location E. Non-US financial institutions that offer accounts in USD regardless of location

A. A customer receives multiple wires from different sources and uses those funds to purchase virtual currency B. A customer makes a transaction on the blockchain that their traditional financial institution is unaware of C. A customer uses funds from their monthly income to purchase virtual currency D. A customer receives funds from a popular decentralized mixer

A. The Council of the European Union adopts a new import restriction regime for goods coming from countries that do not respect human rights B. The European Commission and the High Representative issue a joint proposal for an import ban on refined oil products. C. The European Commission and the High Representative issue a joint proposal for an import ban on oil extraction equipment D. The Council of the European Union adopts a new export control regime for electronic equipment

A. Open source information B. Customer profile C. Account activity D. Adverse media search

A. They only accept government payments B. They prohibit cash usage C. They can convert cash into seemingly legitimate winnings D. They eliminate customer anonymity completely

A. Paying premium several years in advance and terminating early for a refund B. Regularly switching policies and accepting penalties C. Natural persons having more than one insurance policy D. High-premium life insurances that provide high payouts E. Beneficiary payouts to elderly people

A. A trading customer maintains a portfolio of securities concentrated in one specific emerging market B. A low-priced security sees a sudden spike in investor demand with a rising price C. A security sees a transactional pattern of a steady decrease in both trading volume and prices D. A firm sees an unexpected increase in demand for electronically traded funds

A. Contracts, invoices, or other trade documents containing detailed descriptions of the traded commodities B. Engaging in transactions and shipping routes or methods that are not in line with standard business practices C. Transparent pricing structures with additional information provided to the receiving bank when pricing fluctuates by ±10% D. Irregular or inconsistent trade volume and frequency that does not align with the historical trading behavior of the counterparty E. Cash deposits or other transactions consistently below the relevant reporting thresholds

A. Minimizing human intervention in repetitive tasks, increasing data accuracy B. Minimizing privacy concerns through minimized human intervention C. Allowing for automatic one-stop searches at the front end by analysts D. Eliminating backlogs through the ability to process large volumes of data

A. Past employment records. B. Personal references from close associates. C. Personal resume. D. Internet and public media searches. E. Criminal history searches.