ACAMS Updated CAMS Exam Questions and Answers by poppie

Tailor training and offer regular training to all employees

Train outside of daily operations and promote awareness of Compliance

Train core AML topics once per year, at a minimum, to relevant employees

Use a variety of training methods and provide necessary resources to employees

Communicate regularly and measure effectiveness of training

Collect donations from various sources, and their primary objective is philanthropy and social wellbeing

Are usually legitimate establishments and will not use the funds collected through donation for the profit of individuals or entities

Have a global presence that provides a framework for national and international operations and financial transactions that are often in or near areas most exposed to terrorist activity

Enjoy the public trust and have access to considerable sources of funds, and their activities are often cash intensive

Eliminating spontaneous information sharing between FIUs to reduce the burden of excess investigative work

FIU cooperation should always be channeled through designated intermediaries

Information exchange should take place informally, without too many formal prerequisites

Formal Egmont Group membership requirements ensure a high commitment of the eligible FIUs

It is within an FIU's authority to sign Memorandums of Understanding independently

create a common database of key information and share analysis of suspicious activities with FATF

exchange strategic information between FlUs and obliged entities

exchange strategic information between financial institutions

exchange operational information between public authorities and obliged entities