ACAMS Exam BUNDLE

ACAMS questions with correct answers Identify the 3 important tasks that FATF focuses on - ANSWER-1. Spreading the anti-money laundering message worldwide 2. Monitoring implementation of the FATF Recommendations among FATF members 3. Reviewing ML trends and counters asures According to the FA...

Basel Committee on Banking Supervision - answer-The Basel Committee was established by the G-10's central bank of governors in 1974 to promote sound supervisory standards worldwide. It's Secretariat is appointed by the Bank of International Settlements in Basel, Switzerland. It has issued, amon...

Which of the following is the most common method of laundering money through a legal money services business? A. Exchanging currency and remitting money B. Smuggling bulk cash C. Transferring funds through payable through accounts (PTAs) D. Exchanging Colombian pesos on the black market - ANSWE...

When a financial institution is served with a search warrant by a law enforcement agency, what are three things that the employees of the institution should do? - They should cooperate fully with the law enforcement agents and remain calm and polite. - They should try to obtain an inventory of t...

ACAMS Practice Test 2 (Flash Cards)

1. Which of the following is the most common method of laundering money through a legal money services business? A. Exchanging currency and remitting money B. Smuggling bulk cash C. Transferring funds through payable through accounts (PTAs) D. Exchanging Colombian pesos on the black market - AN...

ACAMS practice exam 2024 questions with correct answers

Examples of best practices in terms of ensuring an adequate AML program - ANSWER-1. Review the accuracy of account opening applications 2. Review applicable domestic and international AML guidance 3. Perform a risk analysis basis and compare it to tnr coverage of the AML program These statement...

ACAMS Chapter 2: International AML/CFT Standards

Identify the seven topics of international interest incorporated into the FATF 40 recommendations in 2012? - ANSWER-AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financial institution preventative measures. Tran...