Open the auxiliary access

Firefly Open Source Community

   Login   |   Register   |
New_Topic
Firefly Open Source Community › Embedded Board › AIO-3588MQ› CAMS Frequent Updates & Related CAMS Certification ...
New Topic
Print Previous Topic Next Topic

[Hardware] CAMS Frequent Updates & Related CAMS Certifications

gabejac651

136

Credits

0

Prestige

0

Contribution

registered members

Rank: 2

Credits
136

【Hardware】 CAMS Frequent Updates & Related CAMS Certifications

Posted at yesterday 16:28      View：10 | Replies：0        Print      Only Author   [Copy Link] 1#
What's more, part of that Prep4King CAMS dumps now are free: https://drive.google.com/open?id=1LRZNujvEZHi9MXrbcEA-p2ohEflNkz3M
As a market leader, our company is able to attract quality staff; it actively seeks out those who are energetic, persistent, and professional to various CAMS certificate and good communicator. Over 50% of the account executives and directors have been with the Group for more than ten years. The successful selection, development and CAMS training of personnel are critical to our company's ability to provide a high standard of service to our customers and to respond their needs. That's the reason why we can produce the best CAMS exam prep and can get so much praise in the international market..
ACAMS CAMS (Certified Anti-Money Laundering Specialists) Certification Exam is an internationally recognized credential that validates an individual's knowledge and expertise in the field of anti-money laundering (AML) and financial crime prevention. Certified Anti-Money Laundering Specialists (the 6th edition) certification exam is designed to test the competency of professionals who are responsible for detecting, preventing, and reporting money laundering activities in their respective organizations.
Quiz ACAMS - CAMS Useful Frequent UpdatesFor one thing, the most advanced operation system in our company which can assure you the fastest delivery speed on our CAMS exam questions, and your personal information will be encrypted automatically by our operation system. For another thing, with our CAMS actual exam, you can just feel free to practice the questions in our training materials on all kinds of electronic devices. In addition, under the help of our CAMS Exam Questions, the pass rate among our customers has reached as high as 98% to 100%. We are look forward to become your learning partner in the near future.
The CAMS Exam is a comprehensive test that covers a wide range of topics related to AML, including federal and international AML laws and regulations, financial crimes, compliance programs, and risk assessments. CAMS Exam consists of 120 multiple-choice questions that must be completed within four hours. Candidates must answer at least 75% of the questions correctly to pass the exam and earn the CAMS certification.
ACAMS Certified Anti-Money Laundering Specialists (the 6th edition) Sample Questions (Q512-Q517):NEW QUESTION # 512
To ensure compliance with economic sanctions established by governmental authorities in the jurisdictions where it operates, a financial institution requires that all new and existing customers be screened at onboarding and quarterly thereafter.
Is this step sufficient to ensure compliance?
  • A. No, it is necessary to screen and perform enhanced due diligence on new relationships
  • B. Yes, this is recommended by the international guidance
  • C. Yes, screening all existing customer relationships ensures the institutions is not dealing with a sanctioned individual or entity
  • D. No, screening should occur promptly after list updates
Answer: B

NEW QUESTION # 513
Which financial crime risks are inherent to e-commerce platforms? (Select Four.)
  • A. E-commerce platforms encouraging unregulated peer-to-peer lending
  • B. Use of stolen bank cards for online purchases
  • C. E-commerce platforms susceptible to fraud schemes
  • D. Use of foreign currency to mask criminal proceeds
  • E. E-commerce platforms exploited to move criminal proceeds
  • F. E-commerce platforms used as a front for illicit transactions
Answer: B,C,E,F
Explanation:
* A, B, C, D are all identified by CAMS 6th Edition and FATF as primary financial crime risks for e- commerce platforms:
* A: Platforms can be exploited to launder money by processing the movement of criminal proceeds under the guise of legitimate sales.
* B: Use of stolen credit/debit cards for online purchases is a common fraud and ML technique.
* C: Fraud schemes (such as chargebacks or fake listings) are widespread on e-commerce platforms.
* D: E-commerce platforms can serve as fronts for illicit goods or services, masking the true nature of transactions.
* E and F are not commonly cited as principal inherent risks in AML/CTF guidance.
References:
CAMS 6th Edition, E-commerce ML/TF Risks
FATF, "Money Laundering Risks Arising from E-commerce Activities"

NEW QUESTION # 514
An automotive parts company in South America sends multiple $500,000 wire transfers per week to ABC Holdings Ltd. in Asia referencing payment for silk flower shipments. Research reveals Sunrise Holdings, Ltd is registered in the British Virgin Islands with no available ownership information.
What are two red flags that indicate how trade-based money laundering could be occurring in this instance?
(Choose two.)
  • A. Significant discrepancies appear between the description of the commodity on the bill of lading and theinvoice
  • B. The packaging is inconsistent with the commodity or shipping method
  • C. The transaction involves the use of front (or shell) companies
  • D. The type of commodity being shipped appears inconsistent with the exporter or importer's regular businessactivities
Answer: C,D
Explanation:
Trade-based money laundering (TBML) is a method of disguising and moving illicit funds through the international trade system. Criminals often manipulate various aspects of trade transactions, such as pricing, quantity, documentation, and commodity type, to transfer value and obscure the source of funds. Some of the common red flags that may indicate TBML are:
The transaction involves the use of front (or shell) companies: Front or shell companies are entities that have no physical presence, no employees, and no business activity, but are used to facilitate money laundering.
They often have vague or generic names, are registered in secrecy jurisdictions, and have no available ownership information. In this case, ABC Holdings Ltd. and Sunrise Holdings Ltd. could be front or shell companies that are used to launder money through trade transactions.
The type of commodity being shipped appears inconsistent with the exporter or importer's regular business activities: Criminals may use commodities that are unrelated to their core business or that have low correlation with the market price to launder money. They may also use commodities that are difficult to value, verify, or trace, such as precious metals, gems, art, or antiquities. In this case, the automotive parts company and the silk flower supplier seem to have no logical connection, and the value of the silk flowers may be inflated or deflated to transfer funds.
Trade-Based Money Laundering: Risk Indicators - Financial Action Task Force, pp. 9-10, 14-15 Identifying TBML: 8 Trade-Based Money Laundering Red Flags - Alessa, pp. 1-2 FFIEC BSA/AML Appendices - Appendix F - Money Laundering and Terrorist Financing Red Flags, p. 7 AML Red Flags - What are the Top 10 Indicators? - ComplyAdvantage, p. 1

NEW QUESTION # 515
Cryptocurrency-related technologies that can be exploited by money launderers include: (Select Two.)
  • A. small language models.
  • B. generative copilots.
  • C. privacy coins.
  • D. crypto-mixers.
Answer: C,D
Explanation:
* C: Privacy coins (like Monero, Zcash) are designed to obscure transaction details, making tracing difficult.
* D: Crypto-mixers (or tumblers) mix potentially identifiable cryptocurrency funds with others, obscuring the source.
* "Privacy coins and mixing services are specifically cited as high ML/TF risk tools, enabling greater anonymity."(CAMS 6th Edition, Cryptoassets ML/TF Risks; FATF, Virtual Assets Guidance) References:
CAMS 6th Edition, Virtual Assets, Privacy Coins, and Mixing Services
FATF, Virtual Assets and VASPs Guidance

NEW QUESTION # 516
Which three procedures should a compliance officer looking to revise an institution's CTF efforts include in accordance with the Wolfsberg Group's Statement on the Suppression of the Financing of Terrorism?
  • A. Maintaining customer information to facilitate timely retrieval of such information
  • B. Reviewing only original identification documents when verifying customers
  • C. Consulting applicable lists and taking appropriate actions to determine if customers appear on such lists
  • D. Reporting matches from lists of known or suspected terrorists to relevant authorities
Answer: A,C,D

NEW QUESTION # 517
......
Related CAMS Certifications: https://www.prep4king.com/CAMS-exam-prep-material.html
P.S. Free 2026 ACAMS CAMS dumps are available on Google Drive shared by Prep4King: https://drive.google.com/open?id=1LRZNujvEZHi9MXrbcEA-p2ohEflNkz3M
https://www.dumpsvalid.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