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[General] Download CAMS Free Dumps | CAMS Valid Test Braindumps

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【General】 Download CAMS Free Dumps | CAMS Valid Test Braindumps

Posted at yesterday 05:37      View：5 | Replies：0        Print      Only Author   [Copy Link] 1#
P.S. Free & New CAMS dumps are available on Google Drive shared by Pass4training: https://drive.google.com/open?id=1HCL-6seCOaHnjv7sij5cUKeVHfNZGtmZ
In traditional views, the CAMS practice materials need you to spare a large amount of time on them to accumulate the useful knowledge may appearing in the real CAMS exam. However, our CAMS learning questions are not doing that way. According to data from former exam candidates, the passing rate of our CAMS learning material has up to 98 to 100 percent. There are adequate content to help you pass the exam with least time and money.
ACAMS CAMS (Certified Anti-Money Laundering Specialists) Exam is a globally recognized certification that demonstrates a professional's knowledge and expertise in the field of anti-money laundering (AML) and financial crime prevention. CAMS exam is designed to assess the candidate's understanding of AML regulations, compliance procedures, and risk management strategies.
ACAMS CAMS (Certified Anti-Money Laundering Specialists) exam is a globally recognized certification for professionals in the anti-money laundering (AML) field. Certified Anti-Money Laundering Specialists (the 6th edition) certification demonstrates a deep understanding of the AML framework, laws, regulations, and best practices to detect and prevent money laundering and terrorist financing activities.
The CAMS Certification is designed for professionals who are involved in AML compliance, including compliance officers, regulators, law enforcement officials, and financial institution employees. Certified Anti-Money Laundering Specialists (the 6th edition) certification is intended to provide these professionals with the knowledge and skills they need to effectively combat money laundering and terrorist financing.
CAMS Valid Test Braindumps | CAMS Test SimulatorHaving a good command of professional knowledge for customers related to this CAMS exam is of superior condition. However, that is not certain and sure enough to successfully pass this exam. You need efficiency and exam skills as well. Actually, a great majority of exam candidates feel abstracted at this point, wondering which one is the perfect practice material they are looking for. To make things clear, we will instruct you on the traits of our CAMS real materials one by one. Here we recommend our CAMS guide question for your reference.
ACAMS Certified Anti-Money Laundering Specialists (the 6th edition) Sample Questions (Q329-Q334):NEW QUESTION # 329
In 2004, Consolidated KYC Risk Management was issued by the Basel Committee on Banking Supervision (BCBS). What is a key message in this document?
  • A. Consolidated KYC risk management for a group is critical and trumps jurisdictional rules hat limit information sharing
  • B. Policies and procedures should be designed not merely to comply strictly with all relevant laws and regulations
  • C. KYC Risk Management means as established decentralized process for promulgating policies and procedures
  • D. KYC Risk Management required a yearly consolidation effort
Answer: B

NEW QUESTION # 330
Which three methods are commonly used by an accountant to launder money? (Choose three.)
  • A. Acting as a conduit for transferring cash between accounts
  • B. Understanding income to take a tax loss
  • C. Acting as a designee for someone who wishes to hide their identity
  • D. Representing a client court
  • E. Overstating income to hide excess cash
Answer: A,C,E
Explanation:
Explanation
https://www.ojp.gov/pdffiles1/Digitization/119840NCJRS.pdf

NEW QUESTION # 331
What was the topic the Wolfsberg Group's first guidance addressed?
  • A. Merchant acquiring activities
  • B. Private banking
  • C. Enhanced due diligence for high risk customers
  • D. AML training for financial institution staff
Answer: B
Explanation:
The Wolfsberg Group is an association of 13 global banks that aims to develop frameworks and guidance for the management of financial crime risks. The group started as a meeting of banks in 1999 to address anti-money laundering (AML) in private banking, which carries an increased degree of risk from a money laundering perspective. In the course of discussions, they articulated principles that reflected uniformly high standards for this client segment. These principles became the first guidance published by the group under the name Wolfsberg Principles.
References:
The Wolfsberg Group - Institute on Governance
Wolfsberg Group - Wikipedia
The Group first came together in 2000 at the Wolfsberg castle in Switzerland, accompanied by representatives of Transparency International, to draft anti-money laundering guidelines for private banking

NEW QUESTION # 332
Whichrisk factors should a financial institution (FI) examinefor anew corporate customer intending to open a bank account? (Select Three.)
  • A. Thetype of businessthe corporate customer is engaged in.
  • B. All thefinancial institutions where the new customer currently banks or banked previously.
  • C. Theidentity of senior managing officialsand all individuals authorized to operate the account.
  • D. Theemployment profilesand information of all employees of the new customer.
  • E. Thecountry or locationwhere the customer is from or conducts business.
Answer: A,C,E
Explanation:
When onboardingnew corporate customers,financial institutions must conduct thorough due diligence (KYC
/CDD)to assess therisk profileof the business.
Option A (Correct):Knowing the customer's business activityiscriticalto identifying if it is ahigh-risk industry (e.g., cash-intensive businesses, virtual assets, shell companies).
Option D (Correct):Identifyingsenior management and account operatorsensures that therightful owners and controllersare known.
Option E (Correct):Jurisdictional riskis a key factor. If the company operates in ahigh-risk country, enhanced due diligence (EDD) may be required.
Option B (Incorrect):Employment profiles ofall employeesarenot relevantunless the employees arepolitically exposed persons (PEPs)or linked to financial crime.
Option C (Incorrect):Knowing where a business previously bankedis not standard practiceunless the entity is flagged forsuspicious activity.
AML Risks in Corporate Banking:
Shell Companies & Complex Ownership Structures:Can be used tohide beneficial ownersand launder illicit funds.
High-Risk Countries & Sanctions Exposure:Customers linked tohigh-risk jurisdictions (FATF Grey/Blacklist) may requireEDD measures.
Unusual Business Nature:Some businesses (e.g.,cash-intensive industries, cryptocurrency firms) havehigher financial crime risks.
Best Practices:
Conduct KYC/CDD at account openingandperiodic reviewsfor risk management.
Use beneficial ownership registriesto verify theultimate beneficial owners (UBOs).
Cross-check against sanction lists(OFAC, UN, EU, etc.).
Reference:
FATF Recommendation 10 (Customer Due Diligence)
6th EU Anti-Money Laundering Directive (6AMLD)
Wolfsberg Group Guidance on Corporate Banking Risks

NEW QUESTION # 333
Which private banking situation requires due diligence actions to be implemented according to the AML principles of the Wolfsberg group?
  • A. A new customer asks to set up an exchange house using the bank as the correspondent.
  • B. A beneficial owner of an exchange house wants to open an account with the bank.
  • C. A local wealthy individual wants to become a customer of a local retail bank.
  • D. A wealthy individual from a high-risk country wants to open an account with a private bank.
Answer: D
Explanation:
this situation requires enhanced due diligence actions according to the AML principles of the Wolfsberg group. The Wolfsberg group is an association of 13 global banks that aims to develop standards and best practices for AML and CFT in the private banking sector. The group has issued a set of principles and guidance on how to conduct due diligence on private banking customers, especially those who pose higher risks, such as politically exposed persons (PEPs), customers from high-risk countries, and customers with complex or opaque structures. According to the Wolfsberg group, private banks should apply a risk-based approach to customer due diligence and perform enhanced measures for high-risk customers, such as obtaining senior management approval, verifying the identity and source of wealth of the customer and the beneficial owner, understanding the purpose and nature of the relationship, and conducting ongoing monitoring and review.
Reference:
ACAMS Study Guide 6th Edition, Chapter 4, Section 4.5, page 118: "The Wolfsberg Group".
ExamTopics, Question 466: "Which private banking situation requires due diligence actions to be implemented according to the AML principles of the Wolfsberg group?"

NEW QUESTION # 334
......
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CAMS Valid Test Braindumps: https://www.pass4training.com/CAMS-pass-exam-training.html
P.S. Free & New CAMS dumps are available on Google Drive shared by Pass4training: https://drive.google.com/open?id=1HCL-6seCOaHnjv7sij5cUKeVHfNZGtmZ
https://www.trainingdump.com
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