Acams crack4sure cams Actual Questions by Ela q122 vce pdf

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Exam Name:	Certified Anti-Money Laundering Specialist (the 6th edition)
Exam Code:	CAMS Dumps
Vendor:	ACAMS	Certification:	AML Certification
Questions:	811 Q&A's	Shared By:	ela

Question 64

Which of the following are common indicators of possible money laundering within the securities industry? (Select Two.)

Options:

Receiving securities into an existing brokerage account following the death of a spouse

Allowing fixed income securities to mature

Using brokerage accounts like deposit accounts

Engaging in transactions involving nominees or third parties

Discussion

Question 65

From aninternational standards perspective, both theEU and FATFconsiderdata sharinga crucial component of effectiveanti-money laundering measuresbecause data sharing:

Options:

Promotesfinancial transparencyand protects theintegrity of financial systems.

AllowsFinancial Intelligence Units (FIUs)to enactsanctionsagainst perpetrators of financial crime.

Helpsfinancial institutionsto be more effective in fighting crime with data analysis.

Needs to beapproved by the FIUbefore sharing between financial institutions.

Discussion

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Question 66

A customer has borrowed the cash surrender value of their life insurance policies. Which requires a further investigation and filing of the suspicious activity report?

Options:

The customer uses multiple currency equivalents from different sources to pay the monthly life insurance policy premiums.

The customer has paid the monthly life insurance policy premiums with cash.

The customer directs the payment of the money borrowed to an unrelated third party.

The customer cancels the insurance contract without concern for the penalties after the money is borrowed.

Discussion

Question 67

Which statement is themost accuratein describing who mustcomply with Office of Foreign Assets Control (OFAC) sanctions?

Options:

All U.S. citizens and permanent residents regardless of where they are located, all U.S.-incorporated entities and their foreign branches, and all individuals and entities within the United States.

All U.S. citizens and permanent residents regardless of where they are located, all U.S.-incorporated entities excluding their foreign branches, and all individuals and entities within the United States.

All U.S. citizens except those with dual nationality, U.S. permanent residents, all U.S.-incorporated entities, and all individuals within the United States.

All U.S. citizens and permanent residents while located in the U.S., all U.S.-incorporated entities and their foreign branches, and all individuals within the United States.