ACAMS

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 141 A corporate client suddenly opens multiple subaccounts under the same main account and begins transferring large sums between them with no clear business rationale. The client explains it is for “internal bookkeeping.” What should the institution do? A) Accept the explanation because internal bookkeeping can justify fund transfers B) Conduct enhanced due diligence to determine if the transfers indicate layering or structuring C) Ignore the activity because it occurs within the same corporate group D) Immediately freeze…

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 181 A client frequently wires funds to multiple accounts in high-risk jurisdictions and provides inconsistent explanations for each transfer. What is the most appropriate response for the bank? A) Accept the client’s explanations at face value B) Conduct enhanced due diligence and monitor transaction patterns closely C) Ignore the transfers because individual amounts are small D) Immediately block the client’s accounts without investigation Answer: B Explanation A) Accepting the client’s explanations at face value is inappropriate. Inconsistent explanations…

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 161 A client opens a corporate account and immediately begins transferring large sums to multiple new accounts in high-risk jurisdictions with no clear business purpose. What is the most appropriate initial action for the bank? A) Accept the transfers since the client claims they are for legitimate business purposes B) Conduct enhanced due diligence and document the rationale for each transfer C) Ignore the transfers because the client is a new account holder D) Close the corporate account…

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 121 A customer operating a small export business begins routing payments through third-party shell companies in different jurisdictions before the funds reach their account. The third-party companies have little apparent business activity. What is the correct first action by the financial institution? A) Accept these intermediary payments because they are from legal companies B) Conduct enhanced due diligence on the third-party companies, their ownership and economic purpose C) Immediately block all funds from these third-party companies D) Assume…

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 101 What is the primary reason why a financial institution should conduct ongoing monitoring of politically exposed persons (PEPs)? A) To ensure all PEPs are treated as high-risk customers regardless of their activity B) To detect changes in behavior, transactions, or risk that may indicate potential abuse of public position C) To satisfy auditor expectations even if risk levels remain unchanged D) To comply with sanctions requirements that automatically apply to all PEPs Answer: B Explanation A) The…

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 81 Which of the following is MOST indicative of suspicious activity in a high-net-worth individual’s account? A) Receiving regular salary payments from a known employer B) Sudden deposits of large funds from multiple offshore accounts inconsistent with declared wealth C) Paying routine household bills and mortgage payments D) Investing in publicly traded securities using documented income Answer: B) Sudden deposits of large funds from multiple offshore accounts inconsistent with declared wealth Explanation A) Receiving regular salary payments from…

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 61 Which of the following BEST indicates suspicious behavior in a customer who frequently wires funds internationally? A) Sending small, predictable payments to suppliers for documented business operations B) Transferring large sums to high-risk jurisdictions without apparent business or personal reason C) Paying international invoices with documented contracts and verifiable counterparties D) Sending occasional family remittances consistent with previous behavior Answer: B) Transferring large sums to high-risk jurisdictions without apparent business or personal reason Explanation A) Sending small,…

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 41 Which of the following is MOST indicative of potential money laundering through real estate transactions? A) Purchasing property at a market-appropriate value using documented income B) Buying property through complex corporate structures with opaque ownership and multiple offshore entities C) Renting a property for personal use with monthly bank payments D) Paying property taxes from verified income sources Answer: B) Buying property through complex corporate structures with opaque ownership and multiple offshore entities Explanation A) Purchasing property…

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 21 Which of the following BEST demonstrates the placement stage of money laundering? A) Purchasing real estate using previously laundered funds B) Structuring multiple small cash deposits into a bank account C) Moving funds through several shell companies to obscure origin D) Using corporate profits to purchase luxury goods Answer: B) Structuring multiple small cash deposits into a bank account Explanation A) Purchasing real estate using previously laundered funds is indicative of the integration stage, not placement. Integration…

Visit here for our full ACAMS CAMS exam dumps and practice test questions. Question 1 Which of the following best describes the primary objective of a risk-based AML program? A) To completely eliminate all financial crime risk B) To focus resources on areas of highest money laundering risk C) To ensure compliance with all tax regulations D) To identify every suspicious transaction without exception Answer: B) To focus resources on areas of highest money laundering risk Explanation A) To completely eliminate all financial crime risk is incorrect. It is practically…

As the financial industry becomes increasingly complex, with evolving regulations and growing risks, compliance professionals face heightened pressure to stay updated on the latest standards and best practices. In the fight against financial crimes such as money laundering and terrorist financing, compliance specialists need not only to adhere to the highest standards but also to anticipate shifts in industry practices. One of the most sought-after credentials for professionals in this field is the Certified Anti-Money Laundering Specialist (CAMS) certification, which serves as a global benchmark for anti-money laundering (AML) expertise….

The Association of Certified Anti-Money Laundering Specialists (ACAMS) is a professional organization that specializes in anti-money laundering (AML) education, certification, and advocacy. Established to help professionals in the financial sector and other industries combat money laundering and terrorist financing, ACAMS has grown to be the largest international membership-based organization dedicated to AML issues. With over 20,000 individual members from around the world, ACAMS has solidified its position as the leader in providing training, resources, and certification programs to professionals in the AML and financial crime prevention space. ACAMS serves a…