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CAMS – Certified Anti-Money Laundering Specialist

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Showing 19–20 of 20 questions

Question 19

A compliance officer of a financial institution (FI) is reviewing an international wire transfer flagged by the system for incomplete beneficiary information. According to the Wolfsberg Group and Clearing House Associations' transparency standards, which should the compliance officer do first?

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    Confirm the beneficiary and account number
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    Request to obtain further information
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    Escalate to management
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    Verify the source of the funds involved
Question 20

Financial Intelligence Units (FIUs) are responsible for:

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    the timely dissemination of cases to law enforcement agencies.
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    responding to requests from law enforcement agencies for information contained in regulatory reports.
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    sharing evidence with other FIUs.
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    receiving confirmed reports about committed crimes from accountable and reporting institutions.