Free CAMS Exam Braindumps

What are the regulatory risks to a bank employee who willfully violates anti-money laundering laws?

1. A. Investigation and reputational damage
2. B. Fines and suspension from the industry
3. C. Criminal investigation and imprisonment
4. D. Enforcement actions including fines against the financial institution

Correct Answer: C

In which two ways does a government Financial Intelligence Unit interact with public and private sectors? (Choose two.)

1. A. It governs the methods of investigation used by competent authorities
2. B. It mediates disputes between financial institutions and investigative authorities
3. C. It receives and analyzes disclosures filed by financial and non-bank institutions
4. D. It disseminates information and the results of its analysis to competent authorities

Correct Answer: CD

A compliance officer was recently reviewing transactional data for an international charity and found transactions that present a higher risk. Which reason is cause for terminating the banking relationship?

1. A. The charity has had a high a high turnover rate of official positions
2. B. The charity has several incoming international funds transfers
3. C. The flow of funds both in and out are complex and hard to trace
4. D. The charity is headquartered in a country on the Office of Foreign Assets Control list

Correct Answer: C