← Back to exam page

CAMS – Certified Anti-Money Laundering Specialist

Loading demo links...

Showing 7–9 of 20 questions

Question 7

What are two requirements with respect to supporting documentation that is used to identify potentially suspicious activity, according to Financial Action Task Force? (Choose two.)

Select all that apply, then click Submit answer.

  • ○

    It must be retained for at least five years
  • ○

    It must be retained for at least seven years
  • ○

    It must be kept in a manner so that it can be provided promptly
  • ○

    It must only be released to the government through a subpoena process
Question 8

Which are characteristics of Mutual Legal Assistance Treaties (MLATs)? (Select Three.)

Select all that apply, then click Submit answer.

  • ○

    MLATs are neither public nor binding under international law.
  • ○

    MLATs cannot be used for obtaining banking records from treaty partners.
  • ○

    MLATs do not provide a legal basis for transmitting evidence.
  • ○

    MLATs only involve two countries.

    only involving two countries,
  • ○

    MLATs cooperatively combat crime between countries.

    cooperatively combating crime between countries, and
  • ○

    MLATs are useful for gathering evidence and intelligence in a foreign country.
    being useful for gathering evidence and intelligence in a foreign country. MLATs are public and binding under international law (A), can be used for obtaining banking records from treaty partners (B), and provide a legal basis for transmitting evidence ©.
Question 9

A US casino customer has won 55,518 USD. The customer goes to the casino cashier cage to execute some transactions. Which ^transactions are an indicator of money laundering? (Select Two.)

Select all that apply, then click Submit answer.

  • ○

    The customer transfers 100.000 USD to another personal bank account located outside the customer's resident country,
  • ○

    The customer requests the cashing out of the winnings in checks under 10.000 USD.
  • ○

    The customer transfers all the winnings to another personal bank account located outside the customer's resident country.
  • ○

    The customer requests the cashing out of the winnings in a single check.
  • ○

    The customer transfers 50.000 USD to another personal bank account located in the customer's resident country.