Open the auxiliary access

Firefly Open Source Community

   Login   |   Register   |
New_Topic
Firefly Open Source Community › Core Board › Core-3328-JD4› CAMS7 Training Tools, New CAMS7 Study Materials
New Topic
Print Previous Topic Next Topic

[General] CAMS7 Training Tools, New CAMS7 Study Materials

jamesgr560

138

Credits

0

Prestige

0

Contribution

registered members

Rank: 2

Credits
138

【General】 CAMS7 Training Tools, New CAMS7 Study Materials

Posted at 5 hour before      View：15 | Replies：0        Print      Only Author   [Copy Link] 1#
BTW, DOWNLOAD part of Prep4sureExam CAMS7 dumps from Cloud Storage: https://drive.google.com/open?id=1-IARqCyigKdjHcT6j0VighkBLKpoOWfM
Our experts are working hard on our CAMS7 exam questions to perfect every detail in our research center. Once they find it possible to optimize the CAMS7 study guide, they will test it for many times to ensure the stability and compatibility. Under a series of strict test, the updated version of our CAMS7 learning quiz will be soon delivered to every customer’s email box since we offer one year free updates so you can get the new updates for free after your purchase.
ACAMS CAMS7 practice questions are based on recently released ACAMS CAMS7 exam objectives. Includes a user-friendly interface allowing you to take the ACAMS CAMS7 Practice Exam on your computers, like downloading the PDF, Web-Based ACAMS CAMS7 practice test software, and Desktop ACAMS CAMS7 practice exam software.
ACAMS CAMS7 Exam | CAMS7 Training Tools - Easily Pass Exam If Choosing our New CAMS7 Study MaterialsLearning is just a part of our life. We do not hope that you spend all your time on learning the CAMS7 certification materials. Life needs balance, and productivity gives us a sense of accomplishment and value. So our CAMS7 real exam dumps have simplified your study and alleviated your pressure from study. Also, the windows software will automatically generate a learning report when you finish your practices of the CAMS7 Real Exam dumps, which helps you to adjust your learning plan. It is crucial that you have formed a correct review method. The role of our CAMS7 test training is optimizing and monitoring your study. Sometimes you have no idea about your problems. So you need our CAMS7 real exam dumps to promote your practices.
ACAMS Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Sample Questions (Q166-Q171):NEW QUESTION # 166
A financial institution is conducting an enterprise-wide risk assessment (EWRA) and has identified a high inherent risk of money laundering associated with its private banking division due to the clientele's high net worth and complex financial structures. However, the institution has implemented robust customer due diligence (CDD) and enhanced due diligence (EDD) procedures, along with sophisticated transaction monitoring systems.
How would these controls impact the assessment of residual risk?
  • A. The residual risk would be significantly reduced due to the effectiveness of the controls in place
  • B. The residual risk would be eliminated entirely because the controls are sufficient to mitigate all potential risks
  • C. The residual risk would remain high due to the inherent nature of the private banking business
  • D. The residual risk would be moderately reduced, but further controls may be necessary to achieve an acceptable level
Answer: A
Explanation:
In anEnterprise-Wide Risk Assessment (EWRA),residual riskis the level of risk that remains after applying mitigating controls to theinherent risk(the risk present before controls are applied).
In this scenario, theinherent risk is highdue to the nature of private banking-high net worth clients,cross- border transactions,complex ownership structures, andhigh-value financial products. However, the institution has implementedrobust CDD and EDD, as well asadvanced transaction monitoring systems.
According to the CAMS Study Guide - 6th Edition, wheneffective and properly implemented controlsare in place, they cansignificantly reducethe residual risk-even in high-risk business areas like private banking.
However, no control framework caneliminate all riskentirely.
Option Ais correct: Controls can significantly reduce the residual risk when strong, effective systems and procedures are in place.
Option Bis partially true but suggests inadequacy, which is not indicated here.
Option Cincorrectly assumes residual risk cannot be lowered even with controls.
Option Dis incorrect because residual riskcannot be eliminated entirely.
Reference: ACAMS CAMS Study Guide - 6th Edition, Chapter:Enterprise-Wide Risk Assessment (EWRA)- Section:Inherent Risk vs. Residual Risk and the Role of Controls

NEW QUESTION # 167
Which of the following are important AML controls for a compliance manager of a regulated asset management company in the European Union to implement? (Select Two.)
  • A. Understanding the source and origin of assets
  • B. Rejecting any politically exposed persons (PEPs) as customers
  • C. Inviting prospective customers for an onboarding interview
  • D. Producing financial stability reports on interesting customers
  • E. Performing negative news checks of prospective customers
Answer: A,E
Explanation:
Understanding the source and origin of assets (C):According to the CAMS 6th Edition (Chapter: Customer Due Diligence and Enhanced Due Diligence) and the EU 4th & 5th AML Directives, regulated entities are required to take adequate measures to understand the source of funds and the origin of assets of their customers, especially when there are higher risk factors such as large transactions or PEPs."Firms must identify the source and origin of assets to ensure they are not the proceeds of crime or corruption, particularly for higher-risk customers."(CAMS 6th Edition, CDD/EDD Requirements; EU Directive 2015/849, Article 20) Performing negative news checks of prospective customers (D):Adverse media screening is an essential part of the onboarding process for identifying potential risks related to money laundering, terrorist financing, or reputational harm."Negative news or adverse media checks form a vital component of the due diligence process, helping organizations detect links to criminal or suspicious activities."(CAMS 6th Edition, CDD
/EDD Requirements)
Incorrect Options:
A: Onboarding interviews may be part of EDD, but are not a standard or required AML control.
B: PEPs are not to be automatically rejected; instead, enhanced due diligence should be applied.
E: Producing financial stability reports is not an AML control, but may be relevant for credit or investment assessment.
References:
CAMS Study Guide 6th Edition, Customer Due Diligence
EU 4th AML Directive (Directive 2015/849/EU)
EU 5th AML Directive (Directive 2018/843/EU)

NEW QUESTION # 168
Which risks inherent to real estate sector carry the highest AML/CFT risk? (Select Two.)
  • A. Manipulation of the value of a property
  • B. Use of a registered trust for the purchase of property
  • C. Unlicensed real estate agents acting as front companies
  • D. Use of a company for the purchase of property
  • E. Use of cash to purchase property
Answer: D,E
Explanation:
Real estate ML/TF risk is highest where transparency is low or the origin of funds is obscured:
Use of cash to purchase property (A):"All-cash transactions in real estate present a high ML risk, as they bypass traditional financial scrutiny and facilitate the placement of illicit funds."(CAMS 6th Edition, Real Estate Money Laundering Risks) Use of a company for the purchase of property (D):"urchasing property through companies, especially shell companies, can conceal the beneficial owner and the true source of funds."(CAMS 6th Edition, Real Estate ML/TF Risks; FATF, Real Estate Sector) Incorrect Options:
B: Unlicensed agents may be risky, but the core risks are A and D.
C: Trusts may add complexity but are less common/high-risk than company structures.
E: Value manipulation is risky but less so than the above.
References:
CAMS 6th Edition, ML/TF Risks in Real Estate
FATF, Money Laundering and Terrorist Financing through the Real Estate Sector

NEW QUESTION # 169
A robust transaction monitoring system includes the capability to:
  • A. Automatically translate documents
  • B. Monitor transactions and identify anomalies that might indicate suspicious activity
  • C. Integrate social media profiles
  • D. File Suspicious Activity Reports (SARs), Currency Transaction Reports (CTRs), and other regulatory reports
Answer: B
Explanation:
A robust transaction monitoring system is a core component of an effective Anti-Money Laundering (AML) and Counter-Financial Crime (AFC) program. Regulatory guidance from FATF and national supervisors emphasizes that the primary purpose of transaction monitoring systems is to detect unusual or suspicious activity by analyzing customer transactions and identifying anomalies or patterns that may indicate money laundering, terrorist financing, or other financial crimes.
These systems use predefined rules, thresholds, and increasingly advanced analytics to monitor transactions in real time or retrospectively. Alerts generated by the system are reviewed by compliance professionals, who determine whether further investigation or reporting is required.
While transaction monitoring systems may support the preparation of regulatory reports, such as SARs or CTRs, the actual filing of these reports typically requires human review and approval and is not the defining capability of the monitoring system itself. Features such as automatic document translation or integration of social media profiles are not considered core or necessary functions under AML regulatory expectations.
Therefore, the essential capability of a robust transaction monitoring system is its ability to monitor transactions and detect anomalies indicative of suspicious activity.

NEW QUESTION # 170
Which of the following strategies is most effective for a global organization to manage risks related to anti-money laundering (AML) and sanctions compliance?
  • A. Ensuring group policies and procedures prioritize adherence to US regulations because they are the most influential worldwide.
  • B. Ensuring group policies cater to compliance with each country's specific AML and sanctions regulations.
  • C. Ensuring sanctions compliance by relying solely on international bodies like the UN because there is no requirement to adhere to local laws.
  • D. Applying global AFC and sanctions policies to ensure consistency without the need to adapt to local regulations.
Answer: B
Explanation:
A global organization must ensure its group policies accommodate compliance with each country's specific AML and sanctions regulations to effectively manage risks across multiple jurisdictions.

NEW QUESTION # 171
......
It was a Xi'an coach byword that if you give up, the game is over at the same time. The game likes this, so is the exam. Not having enough time to prepare for their exam, many people give up taking IT certification exam. However, with the help of the best training materials, you can completely pass ACAMS CAMS7 test in a short period of time. Don't you believe in it? Prep4sureExam real questions and answers are the materials that it can help you get high marks and pass the certification exam. Please try it.
New CAMS7 Study Materials: https://www.prep4sureexam.com/CAMS7-dumps-torrent.html
ACAMS CAMS7 Training Tools We also offer you free update for 365 days, the update version will send to your email automatically, And you will receive the downloading link and password within ten minutes after purchasing the CAMS7 exam dumps, ACAMS CAMS7 Training Tools It will prevent you from wasting time, material expenses, and inner peace, Additionally, our New CAMS7 Study Materials - Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) valid study dumps can ensure you learn the exact information that will be on your test.
I learned much from reading his manuscript and heartily endorse Reliable CAMS7 Exam Camp the finished book, This notion was emphasized during a recent conversation I had with a programmer I know.
We also offer you free update for 365 days, the update version will send to your email automatically, And you will receive the downloading link and password within ten minutes after purchasing the CAMS7 Exam Dumps.
Pass Guaranteed Quiz ACAMS - CAMS7 - Accurate Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Training ToolsIt will prevent you from wasting time, material expenses, and inner CAMS7 peace, Additionally, our Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) valid study dumps can ensure you learn the exact information that will be on your test.
As a professional certification dumps Reliable CAMS7 Exam Camp leader, we focus on the study of CAMS Certification valid test for many years.
DOWNLOAD the newest Prep4sureExam CAMS7 PDF dumps from Cloud Storage for free: https://drive.google.com/open?id=1-IARqCyigKdjHcT6j0VighkBLKpoOWfM
https://www.free4torrent.com
Reply

Use props Report

Return to List
High mode
B Color Image Link Quote Code Smilies
You need to log in before you can reply Login | Register

This forum Credits Rules

  •  

Service Hotline : (+86)18688117175
Contact us
E-mail : global@t-firefly.com
Copyright © 2014-2022, FIREFLY TECHNOLOGY CO.,LTD. All Rightts Reserved. 粤ICP备14022046号-2
Quick Reply Back to top Back to list