[2022] CAMS Dumps are Available for Instant Access
Valid CAMS Dumps for Helping Passing CAMS Exam!
Difficulty in writing CAMS Exam
This exam is very difficult especially for those who have not a securities compliance or regulatory background and don't know how to handle AML investigations, money laundering schemes, various international AML regulations and setting up an AML compliance program. Candidates can only get good grades in the CAMS exam by dedication, hard work, and most accurate preparation material. There are many online platforms which are providing CAMS exam preparation material but they are not verified by experts. So, candidates have to choose a platform which gives them the best and authentic CAMS exam dumps which can make a good impact on your final result. There are many people rely on such kind of platforms but in the end, they are mostly getting poor grades. Candidates don't have to worry about this as Exam4Free is only one of the best platform that provides the best CAMS preparation material. Our CAMS exam dumps consist of all the topics and the questions that will be asked in the real exam and the best part is that we provide CAMS exam dumps in PDF format that you can easily read it offline on smartphones and other electronic accessories such as laptops, desktops, and tablets. Exam4Free also contain braindumps which will be really helpful in making notes.
Certification Path
The CAMS Certified Anti-Money Laundering Specialist certification path includes only one CAMS certification exam.
NEW QUESTION 97
You design an AI solution that uses an Azure Stream Analytics job to process data from an Azure IoT hub. The IoT hub receives time series data from thousands of IoT devices at a factory.
The job outputs millions of messages per second. Different applications consume the messages as they are available. The messages must be purged.
You need to choose an output type for the job.
What is the best output type to achieve the goal? More than one answer choice may achieve the goal.
- A. Azure Event Hubs
- B. Azure SQL Database
- C. Azure Cosmos DB
- D. Azure Blob storage
Answer: C
Explanation:
Stream Analytics can target Azure Cosmos DB for JSON output, enabling data archiving and low-latency queries on unstructured JSON data.
References:
https://docs.microsoft.com/en-us/azure/stream-analytics/stream-analytics-documentdb-output
NEW QUESTION 98
You need to design the Butler chatbot solution to meet the technical requirements.
What is the best channel and pricing tier to use? More than one answer choice may achieve the goal. Select the BEST answer.
- A. Standard channels that use the S1 pricing tier
- B. Premium channels that use the S1 pricing tier
- C. Standard channels that use the Free pricing tier
- D. Premium channels that use the Free pricing tier
Answer: B
Explanation:
Explanation/Reference:
References:
https://azure.microsoft.com/en-in/pricing/details/bot-service/
NEW QUESTION 99
What are two aspects of the Wolfsberg Anti-Money Laundering (AML) Principles for Correspondent Banking? (Choose two.)
- A. An Institution may assign a low risk rating to a correspondent bank located in a jurisdiction deemed to have an adequate AML environment (e.g., Financial Action Task Force member country) without needing to consider other factors.
- B. Correspondent banking is an inherently high risk business and all correspondent bank relationships should be reviewed on an annual basis.
- C. At least one person, aside from the person sponsoring the relationship, should approve the correspondent relationship.
- D. Factors such as politically exposed person involvement and downstream (nested) correspondents increase the risk inherent in a correspondent relationship.
Answer: B,C
NEW QUESTION 100
A foreign bank operating under an offshore license wants to open a correspondent account with a United States (U.S.) bank. The foreign bank plans to provide payable through account services to some of its customers.
What must the foreign bank provide to the U.S. bank under the USA PATRIOT Act?
- A. A list of account holders at the financial institution who will use the payable through account
- B. The person in the United States who can receive service of legal process for the correspondent bank
- C. A list of politically exposed persons who are owners of the correspondent bank
- D. A list of anti-money laundering training records for the financial institution employees monitoring payable through account transactions
Answer: A
NEW QUESTION 101
You plan to deploy two AI applications named AI1 and AI2. The data for the applications will be stored in a relational database.
You need to ensure that the users of AI1 and AI2 can see only data in each user's respective geographic region. The solution must be enforced at the database level by using row-level security.
Which database solution should you use to store the application data?
- A. Microsoft Azure Data Lake Store
- B. Microsoft Azure Database for MySQL
- C. Microsoft SQL Server on a Microsoft Azure virtual machine
- D. Microsoft Azure Cosmos DB
Answer: C
Explanation:
Row-level security is supported by SQL Server, Azure SQL Database, and Azure SQL Data Warehouse.
References:
https://docs.microsoft.com/en-us/sql/relational-databases/security/row-level-security?view=sql-server-2017
NEW QUESTION 102
A financial institution receives a regulatory enforcement action because of deficiencies in its anti-money laundering program.
Which action should the board of directors take?
- A. Terminate the compliance officer and staff
- B. Instruct the compliance officer to develop a plan to remediate the institution's anti-money laundering program
- C. Hire an attorney with instructions to protest the enforcement action
- D. Purchase and install a new suspicious activity monitoring system
Answer: B
Explanation:
Explanation/Reference:
NEW QUESTION 103
How does microstructuring differ from structuring?
- A. It is done to avoid the monetary instrument log instead of a currency transaction report
- B. The transaction amounts are much smaller
- C. The transactions never exceed $1,000 USD
- D. The transactions are done only at small community banks
Answer: B
NEW QUESTION 104
Which type of sanctions are most likely to be used in order to avoid escalating violent conflicts and/or proliferation of weapons?
- A. Export and import restrictions
- B. Arms and related materials embargo
- C. Asset freeze
- D. Financial prohibitions
Answer: C
NEW QUESTION 105
Which two individuals are ordinarily beneficial owners of a private banking account according to the Wolfsberg Anti-Money Laundering Principles for Private Banking? (Choose two.)
- A. Those who have legal title to a controlling share interest in the customer
- B. Those who generally have ultimate control through ownership or other means over the funds in the account
- C. Those who are the ultimate source of funds for the account and whose source of wealth should be subject to due diligence
- D. Those who are authorized signers on the account
Answer: B,C
NEW QUESTION 106
What is the currency threshold under the European Union Fourth Anti-Money Laundering Directive?
- A. 3,000 Euros
- B. 10,000 Euros
- C. 5,000 Euros
- D. 15,000 Euros
Answer: B
NEW QUESTION 107
Which trading pattern may be indicative of money laundering in capital markets?
- A. Free of payment asset transfer
- B. Remittance of a round dollar amount
- C. Trading on an account
- D. Transacting with multiple counterparties
Answer: D
NEW QUESTION 108
The Wolfsberg Anti-Money Laundering Principles for Private Banking require new clients to be approved by whom?
- A. The board of directors
- B. The private banker's supervisor
- C. At least one person other than the private banker
- D. Only the private banker
Answer: C
NEW QUESTION 109
A customer brings $15,000 worth of chips into a casino and plays various games. The customer redeems all the remaining chips and requests a wire transfer of the proceeds to an unrelated third party.
What are two red flags that indicate money laundering? (Choose two.)
- A. Playing various games before cashing out
- B. Bringing $15,000 worth of chips into the casino
- C. Customer redeeming all remaining chips
- D. Requesting a wire transfer to an unrelated third party
Answer: C,D
NEW QUESTION 110
Which safeguard is in place for Financial Intelligence Units (FIUs) to share information securely according to Egmont?
- A. Intelligence is shared via messaging applications.
- B. Investigators are allowed to request information from a foreign FIU directly.
- C. Information sharing is conducted according to processes contained in Memoranda of Understanding.
- D. A computer with access to the Egmont Secure Web is accessible to all members of the FIU.
Answer: D
NEW QUESTION 111
In which three circumstances foes a large-cash deposit most likely reflect money laundering?
- A. When it is from a customer who has never operated a business
- B. When it is by a customer who operates a cash-based business
- C. When it is transacted in segments smaller than the reporting thresholds at various times during the day
- D. When it is followed by an immediate wire transfer to an offshore secrecy haven
Answer: A,C,D
NEW QUESTION 112
Which statements regarding the USA PATRIOT ACT best describe key aspects that have extraterritorial reach? (Choose three.)
- A. It allows foreign banks to voluntarily designate a registered agent in the US to accept service of subpoenas.
- B. It allows the Secretary of the Treasury to order a US financial institution (FI) to close a correspondent account when a subpoena has not been responded by a foreign bank in a timely manner.
- C. It allows for the US Attorney General to subpoena records from a foreign bank with US correspondent accounts, including those that are located outside the US.
- D. It excludes as foreign FIs businesses that would be considered broker-dealers, money transmitters, and currency exchangers.
- E. It obliges the government to trace the origin of the funds when a seizure of assets occurs in a correspondent account that has been opened and maintained for a foreign bank in the US.
- F. It allows federal banking supervisors to require records of the identity of the owners of a foreign bank from a Fl operating in the US.
Answer: B,C,D
NEW QUESTION 113
To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require?
- A. Adequate surety bonds, cash deposits, or equivalencies
- B. Thorough due diligence on prospective owners
- C. Comprehensive compliance programs
- D. Prospective owners have prior experience in the area of finance
Answer: B
NEW QUESTION 114
What are three potential issues for foreign financial institutions maintaining correspondent accounts with U.S.
banks under the Patriot Act?
- A. Forfeiture of funds in a U.S. interbank account
- B. Cancellation of correspondent banking relationships
- C. U.S. residents maintaining private banking accounts
- D. Prohibition of correspondent accounts for shell banks
Answer: A,B,D
NEW QUESTION 115
The marketing department presents a business plan targeting individuals holding important public positions. What are some steps the financial institution should implement as part of the plan to target such individuals?
- A. Determine if the client appears on the Basel Committee on Banking Supervision's list of public officials
- B. Take all reasonable steps to check the background of the individual based on public information
- C. Investigate the source of funds
- D. Determine the purpose of the account
Answer: B,C,D
NEW QUESTION 116
Under the USA PATRIOT Act, in which scenario would the US not have jurisdiction?
- A. US bank subsidiaries located in foreign jurisdictions
- B. Foreign branch of a bank located in the US
- C. Shell banks operating in foreign jurisdictions
- D. Foreign bank with a US correspondent account
Answer: C
NEW QUESTION 117
Which method is used to launder money via wire remittances sent through a bureau de change or money services business?
- A. A large number of wire transfers are sent from a large number of senders in country A to a large number of recipients in country B during the period of December 1 to December 15.
- B. A customer in country A makes a weekly small wire transfer to the bank account of an individual in country B.
- C. A customer in country A receives four small wire transfers from four different individuals located in country B on December 21. The aggregate of the wire transfers falls below the legal reporting threshold.
- D. A customer in country A makes frequent wire transfers to a single customer in country B that are slightly under the legal reporting threshold.
Answer: D
NEW QUESTION 118
OFAC-issued regulations apply to which entities? (Choose two.)
- A. Foreign import-export companies
- B. Intermediaries transacting with US banks
- C. US branches of a foreign bank
- D. Foreign banks with US customers
- E. Foreign subsidiaries of US banks
Answer: B,E
NEW QUESTION 119
Which aspect of the USA PATRIOT Act impacts foreign financial institutions?
- A. Expanding the anti-money laundering program requirements to all foreign financial institutions
- B. Requiring enhanced due diligence for foreign shell banks
- C. Providing authority to impose special measures on institutions that are of primary money-laundering concern
- D. Expanding sanctions requirements to a U.S. financial institution's foreign branches
Answer: C
NEW QUESTION 120
Which of the following is considered a shell bank as defined by the USA PATRIOT Act?
- A. An Internet bank operating in the U.S. providing services worldwide.
- B. A bank incorporated in an offshore jurisdiction without a physical presence or employees.
- C. A local bank with offices in a non-cooperative jurisdiction which is subject to minimal regulatory supervision.
- D. A bank run by a foreign holding company with offices and staff in an offshore jurisdiction.
Answer: B
NEW QUESTION 121
A periodic review of the account of a small household goods business reveals multiple shipments of goods to a country classified by the bank as high risk. They were transshipped through another country prior to the final destination. In the past three months, volumes over 25,000 units. The business has been a customer of a bank for 10 years.
Records show previous shipments to destinations primarily in Europe involving quantities of 5,000 units or less. Recent shipments are listed as being received by the same company as the earlier shipments and payments are being received from the same originator, but the unit price of the goods is three times higher than before.
Which two red flags indicate potential trade-based money laundering? (Choose two.)
- A. The size of the shipments appear inconsistent with the exporter's previous business activities.
- B. The shipments of the same goods are now going to a different location.
- C. The goods are transshipped through one or more jurisdictions for no apparent economic reason.
- D. The goods are shipped to a jurisdiction that the bank classifies as "high risk" for money laundering activities.
Answer: A,C
NEW QUESTION 122
......
Updated CAMS Dumps Questions For ACAMS Exam: https://www.exam4free.com/CAMS-valid-dumps.html
UPDATED ACAMS CAMS Exam Questions & Answer: https://drive.google.com/open?id=18z33c-UHAYFiecC4qGFeoBnJq528pOrj
