TEST CAMS VALID | EXAM CAMS REVIEW

Test CAMS Valid | Exam CAMS Review

Test CAMS Valid | Exam CAMS Review

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We have three versions of our CAMS certification guide, and they are PDF version, software version and online version. With the PDF version, you can print our materials onto paper and learn our CAMS exam study guide in a more handy way as you can take notes whenever you want to, and you can mark out whatever you need to review later. With the software version, you are allowed to install our CAMS Guide Torrent that operate in windows system. With the online version, you can study the CAMS guide torrent wherever you like as it can used on all kinds of eletronic devices.

To be eligible for the ACAMS CAMS Certification Exam, candidates must have at least 40 hours of AML/CFT training or two years of relevant work experience in the field. Candidates must also have a high school diploma or equivalent degree. Certified Anti-Money Laundering Specialists certification is open to professionals from a wide range of industries, including banking, insurance, law enforcement, and regulatory agencies.

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ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q249-Q254):

NEW QUESTION # 249
A prospective AML officer comes highly recommended by a bank's up-stream correspondent institution of similar size and make-up, located in a different city in the same country. The bank is interested in hiring the individual. What should be the next step taken by the Board of Directors?

  • A. Confer with its regulatory agency to determine whether it is appropriate to hire the person
  • B. Do a thorough background check
  • C. Hire the individual on a probationary basis so that the institution can determine if the individual is sufficiently experienced and capable
  • D. Hire the individual, relying on the recommendation of its correspondent

Answer: B


NEW QUESTION # 250
Client A is flagged for a high volume of outgoing transfers. Further investigation reveals Client A has a potentially key role in a network linked to human trafficking. After filing a suspicious activity report, what step should the investigator take next?

  • A. Inform other local financial institutions about the client so they can halt potential services.
  • B. Contact the Federal Bureau of Investigation (FBI) to communicate the investigation findings.
  • C. Restrain or block the client's account(s) until law enforcement makes an arrest.
  • D. Prepare a summary for senior management recommending client off-boarding.

Answer: D

Explanation:
Explanation
After filing a suspicious activity report (SAR), an investigator should prepare a summary for senior management recommending client off-boarding. This is because client off-boarding is a risk-based decision that requires senior management approval and may involve legal considerations. Informing other local financial institutions about the client, restraining or blocking the client's account(s), or contacting law enforcement directly are not appropriate actions for an investigator to take after filing a SAR, as they may compromise the confidentiality of the SAR, violate privacy laws, or interfere with ongoing investigations.


NEW QUESTION # 251
You have a solution that runs on a five-node Azure Kubernetes Service (AKS) cluster. The cluster uses an N- series virtual machine.
An Azure Batch AI process runs once a day and rarely on demand.
You need to recommend a solution to maintain the cluster configuration when the cluster is not in use. The solution must not incur any compute costs.
What should you include in the recommendation?

  • A. Delete the cluster
  • B. Downscale the cluster to zero nodes
  • C. Downscale the cluster to one node

Answer: C

Explanation:
An AKS cluster has one or more nodes.
References:
https://docs.microsoft.com/en-us/azure/aks/concepts-clusters-workloads


NEW QUESTION # 252
An internal review of anti-money laundering training documentation revealed only new agents employed by a financial institution that sells life insurance products were trained. Additionally, it typically took the institution 8 months to begin training for new actuaries. The compliance officer explained training was limited to actuaries because they perform the only high-risk function. The institution relied on e-learning techniques without follow-up assessment.
Which of the following issues would the internal review most likely recommend?

  • A. The institution must provide anti-money laundering training to actuaries within 6 months.
  • B. Pro duct-specific anti-money laundering training should be provided company-wide.
  • C. All staff, apart from the Board of Directors, must be trained.
  • D. Continue using e-learning to emphasize anti-money laundering content during training.

Answer: B

Explanation:
The internal review would most likely recommend that the institution provide product-specific anti-money laundering training to all relevant employees, not just actuaries. This is because life insurance products can be used for money laundering purposes, such as purchasing policies with illicit funds, surrendering policies for cash value, or using policies as collateral for loans. Therefore, all employees who are involved in selling, servicing, or processing life insurance products should be aware of the money laundering risks and red flags associated with these products, and how to report any suspicious activity. The institution should also ensure that the training is timely, effective, and tailored to the specific roles and responsibilities of the employees.
The other options are not as relevant or appropriate as the correct answer. Option A is too broad, as not all staff need to be trained on anti-money laundering, only those who are relevant to the institution's business activities and exposure to money laundering risks. Option C is too narrow, as it only focuses on actuaries and does not address the need for training other employees who may deal with life insurance products. Option D is not sufficient, as e-learning alone may not be effective in ensuring that employees understand and retain the anti-money laundering content, and the institution should also conduct follow-up assessments to measure the impact and outcomes of the training.
References:
* ACAMS Study Guide for the CAMS Certification Examination - 6th Edition, Chapter 3: Compliance Standards for Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT), page
57.
* ACAMS CAMS Certification Video Training Course, Module 3: Compliance Standards for Anti- Money Laundering (AML) and Combating the Financing of Terrorism (CFT), Lesson 3.5: Training and Testing.
* Best Practices for Anti-Money Laundering Compliance - DIRO Original, Section 3: Adequate Training.


NEW QUESTION # 253
Which statement identifies one of the duties of a government Financial Intelligence Unit?

  • A. It serves as the central agency for the receipt of disclosures filed by reporting entities.
  • B. It administers and enforces economic and trade sanctions based on a government's foreign policy and national security goals.
  • C. It supervises and regulates banking institutions to ensure the safety and soundness of the nation's banking and financial system.
  • D. It prosecutes suspected money launderers and terrorist financiers based on financial institution suspicious transaction report filings.

Answer: D

Explanation:
Reference:
http://fiu.gov.dm/about-us/functions-and-responsibilities


NEW QUESTION # 254
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