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Which activity is most likely to facilitate money laundering through on-line banking systems with inadequate controls?

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- Jul 26, 2020

should be D

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Question List (120q)
Question 1: To guard against acquisition or control of a financial insti...
Question 2: What type of records do the recordkeeping requirements of se...
Question 3: A national Financial Intelligence Unit, which is responsible...
Question 4: What is the intentional evasion of a reporting or recordkeep...
Question 5: Which practices are dealers in antiques, precious metals, pr...
Question 6: With which of the following should an anti-money laundering ...
Question 7: What indicates potential money laundering activity by a lawy...
Question 8: An anti-money laundering consultant audits a bank's current ...
Question 9: What is the term for trading through multiple accounts, wher...
Question 10: The compliance officer at a crowd funding website is in char...
Question 11: Findings from a regulatory examination report states that th...
Question 12: Trusts established in certain offshore jurisdictions make go...
1 commentQuestion 13: Which activity is most likely to facilitate money laundering...
Question 14: When and how should an institution appraise the AML risk of ...
Question 15: What is one recommendation of the Basel Committee's 2001 pap...
Question 16: Which statement about U.S. Specified Unlawful Activities (SU...
Question 17: Which of the following activities is most likely associated ...
Question 18: Why would a credit card account likely not be used in the pl...
Question 19: Which method to launder money through deposit-taking institu...
Question 20: An anti-money laundering specialist has been asked to create...
Question 21: An anti-money laundering specialist is employed by a large m...
Question 22: In May 2002, the Wolfsberg Principles on Private Banking wer...
Question 23: The USA PATRIOT Act requires United States (U.S.) financial ...
Question 24: A new compliance officer is reviewing the bank's anti-money ...
Question 25: Which of the following customers require the most enhanced d...
Question 26: What should law enforcement provide when asking an instituti...
Question 27: As a result of an audit, a policy exception was identified t...
Question 28: A bank compliance officer discovers cash deposit activity in...
Question 29: A relationship manager in a bank has had a private banking c...
Question 30: Separating illicit proceeds from their source by a series of...
Question 31: The most effective tool used to detect structured transactio...
Question 32: A charity has unaudited accounts. Which of the following rep...
Question 33: Which event occurs most frequently in money laundering in th...
Question 34: The Board of Directors and the senior management of a financ...
Question 35: Which situation is the highest risk fr money laundering and ...
Question 36: When an institution files an STR with regard to a particular...
Question 37: A law enforcement agent calls a bank anti-money laundering i...
Question 38: A financial institution located within the European Union ha...
Question 39: An anti-money laundering specialist at a financial instituti...
Question 40: A bank located in New York has identified suspicious transac...
Question 41: What are two reasons physical certificates present a money l...
Question 42: A financial institution files a suspicious transaction repor...
Question 43: A European Union (EU) bank has a correspondent banking relat...
Question 44: In which two ways does a government Financial Intelligence U...
Question 45: Which two factors assist a money laundering investigation th...
Question 46: An institution is about to release a new peer to peer (P2P) ...
Question 47: What was cited by the Wolfsburg Group in its Statement on th...
Question 48: According to the Financial Action Task Force Special Recomme...
Question 49: How should a financial institution respond to a verbal reque...
Question 50: Why do government entities around the world believe that a r...
Question 51: After several months of research, the Director of Marketing ...
Question 52: Which action does the Financial Action Task Force (FATF) rec...
Question 53: An anti-money laundering specialist is employed by a large m...
Question 54: Which of the following is considered a shell bank as defined...
Question 55: An anti-money laundering specialist is employed by a large m...
Question 56: How does a regulatory body typically obtain international as...
Question 57: A compliance officer is conducting a review of the automated...
Question 58: Once a financial institution has reported suspicious transac...
Question 59: What should countries do to help prevent non-profit organiza...
Question 60: What three attributes do havens for money laundering and ter...
Question 61: According to the Financial Action Task Force 40 Recommendati...
Question 62: What are the attributes of "Cuckoo Smurfing" the money laund...
Question 63: A prospective AML officer comes highly recommended by a bank...
Question 64: What does the Financial Action Task Force 40 Recommendations...
Question 65: What are three indicators of money laundering associated wit...
Question 66: AML cooperation between countries consists of which three of...
Question 67: What is the most effective criterion for determining the ben...
Question 68: A foreign politically exposed person (PEP) requests to add a...
Question 69: An anti-money laundering specialist at a large institution i...
Question 70: Which primary international authoritative body designates sa...
Question 71: Which of the following facilitates law enforcement agents ob...
Question 72: An anti-money laundering audit identifies a significant weak...
Question 73: An account officer who maintains an excellent relationship w...
Question 74: A financial institution is reorganizing and the anti-money l...
Question 75: According to the European Union Money Laundering Directives,...
Question 76: An offshore company is owned by four equal partners that res...
Question 77: An anti-money laundering expert is hired by a new Internet b...
Question 78: When the minimum CDD standards of the home and host countrie...
Question 79: Which of the following poses the greatest money laundering r...
Question 80: Historically, a tour guide has made monthly cash deposits av...
Question 81: An internal investigation log is primarily intended to:...
Question 82: Which method most likely indicates the placement stage of la...
Question 83: On who does the ultimate responsibility for an institution's...
Question 84: What must be materially true regarding transactions for Unit...
Question 85: What poses the greatest money laundering risk for a financia...
Question 86: Historically, which of the following vehicles is most often ...
Question 87: What is an example of the integration stage of money launder...
Question 88: What are two requirements of United States financial institu...
Question 89: A personal banking customer who simultaneously opens several...
Question 90: An anti-money laundering specialist has been asked to establ...
Question 91: Which of the following reflect money laundering risk indicat...
Question 92: A non-U.S. bank asks its U.S. correspondent whether there is...
Question 93: What are two legal risks of having inadequate privacy polici...
Question 94: According to the Financial Action Task Force 40 Recommendati...
Question 95: The most important concerns imposed on foreign financial ins...
Question 96: Which three areas do FATF's 40 recommendations cover? Choose...
Question 97: What are two sources for maintaining up-to-date sanctions in...
Question 98: A customer runs an export business for agricultural products...
Question 99: How do drug traffickers and other criminals use the fine art...
Question 100: In the summer, an institution identifies anti-money launderi...
Question 101: A division anti-money laundering officer for a financial ins...
Question 102: The Board of Directors for a small private bank has asked th...
Question 103: On-line financial technologies are susceptible to money laun...
Question 104: A bank receives an anonymous tip from an employee about anot...
Question 105: Which method do terrorist financiers use to move funds witho...
Question 106: Which two factors should increase the risk of a corresponden...
Question 107: The marketing department presents a business plan targeting ...
Question 108: Which three are best practices for embedding compliance into...
Question 109: A commission regotorie would be used in which gateway to obt...
Question 110: When creating an anti-money laundering program for a foreign...
Question 111: A junior account manager within an international private ban...
Question 112: What should a compliance officer do during an ongoing invest...
Question 113: Upon filing a suspicious transaction report, which of the fo...
Question 114: An anti-money laundering specialist has been hired by an ind...
Question 115: Which three should real estate agents include in the criteri...
Question 116: According to experts, what is the most effective way to prev...
Question 117: A businessman requests a European private bank to open a num...
Question 118: A customer has held an account at a local credit institution...
Question 119: Which precaution will a money launderer take to avoid detect...
Question 120: Which of the following is the financial stage of money laund...