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No doubt the Certified Anti-Money Laundering Specialists certification exam is one of the most difficult ExamsReviews ACAMS certification exams in the modern ExamsReviews world. This CAMS exam always gives a tough time to their candidates. It is hard to pass without in-depth CAMS exam preparation. The ExamsReviews understands this challenge and offers real, valid, and top-notch CAMS Exam Dumps in three different formats. These formats are CAMS PDF dumps files, desktop practice test software, and web-based practice test software.

The CAMS certification exam is administered by the Association of Certified Anti-Money Laundering Specialists (ACAMS), a professional association that provides training, certification, and networking opportunities for anti-money laundering professionals. ACAMS has over 70,000 members in more than 175 countries, making it the largest international membership organization dedicated to anti-money laundering. The CAMS Certification is highly regarded in the industry and is a prerequisite for many anti-money laundering job positions.

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ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q44-Q49):

NEW QUESTION # 44
You have an Azure Machine Learning experiment that must comply with GDPR regulations.
You need to track compliance of the experiment and store documentation about the experiment.
What should you use?

A. Compliance Manager
B. An Azure Log Analytics workspace
C. Azure Security Center
D. Azure Table storage

Answer: A

Explanation:
Explanation/Reference:
References:
https://azure.microsoft.com/en-us/blog/new-capabilities-to-enable-robust-gdpr-compliance/

NEW QUESTION # 45
When should the anti-money laundering risk assessment be updated?

A. When instructed to by the Financial Action Task Force
B. When the board of directors changes
C. Every two years
D. After a merger or acquisition

Answer: D

Explanation:
Evaluating the risk scoring model and conducting the risk assessment itself may need to be performed annually, every eighteen to twenty-four months, before the launch of a new product, or when an acquisition of another financial institution occurs.
Reference: https://www.wolfsberg-principles.com/sites/default/files/wb/pdfs/faqs/17.%20Wolfsberg-Risk- Assessment-FAQs-2015.pdf (10)

NEW QUESTION # 46
According to the Basel Committee on Banking Supervision, banks should deal with high-risk customers by:

A. performing enhanced due diligence including enhanced ongoing monitoring of the account activity.
B. maintaining segregated records to enable easy inspection by law enforcement in case of a subpoena.
C. assigning those customers to specified private bankers for better monitoring of their offshore transactions.
D. seeking approval from the board of directors before establishing the relationship.

Answer: A

Explanation:
According to the Basel Committee on Banking Supervision, banks should apply a risk-based approach to customer due diligence, which means that they should adopt enhanced measures for higher-risk customers and simplified measures for lower-risk customers. Enhanced due diligence (EDD) may include obtaining additional information on the customer's identity, source of funds, business activities, beneficial owners, and expected transactions, as well as conducting more frequent and intensive monitoring of the account activity.
EDD is especially important for customers who are politically exposed persons (PEPs), who are from or have connections with high-risk countries or jurisdictions, or who are involved in high-risk industries or sectors.
Therefore, performing EDD including enhanced ongoing monitoring of the account activity is the correct way for banks to deal with high-risk customers.
References: Basel Committee on Banking Supervision, CAMS Study Guide, 6th Edition, Chapter 4, page 121.
Reference: https://www.bis.org/bcbs/basel3.htm

NEW QUESTION # 47
Which method to launder money through deposit-taking institutions is closely associated with international trade?

A. Investing in legitimate business with illicit funds
B. Using Black Market Peso Exchange
C. Structuring cash deposits withdrawals
D. Forming a shell company

Answer: B

NEW QUESTION # 48
An anti-money laundering expert is hired by a new Internet bank to assess the money laundering threat to the bank. What is the most important recommendation for the expert to make given it is an on-line bank?

A. The bank should limit the amount of money which can be processed per transaction
B. The bank should ensure that prospective new customers can be properly identified
C. The bank should set up automated programs to analyze transactions for money launderingactivity
D. The bank should ensure that a firewall is set up to protect the transactions

Answer: A

NEW QUESTION # 49
......

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