PASS GUARANTEED QUIZ 2025 ACAMS CAMS–RELIABLE REAL DUMP

Pass Guaranteed Quiz 2025 ACAMS CAMS–Reliable Real Dump

Pass Guaranteed Quiz 2025 ACAMS CAMS–Reliable Real Dump

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Tags: CAMS Real Dump, CAMS Reliable Study Materials, CAMS Hot Questions, CAMS New Dumps Files, CAMS Test Tutorials

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ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q295-Q300):

NEW QUESTION # 295
What are two legal risks of having inadequate privacy policies and procedures? (Choose two.)

  • A. Diminished reputation
  • B. Industry of regulatory sanctions
  • C. Higher marketing and public relations costs
  • D. Charges of deceptive business practices

Answer: B,D

Explanation:
Having inadequate privacy policies and procedures can expose an organization to legal risks such as industry or regulatory sanctions and charges of deceptive business practices. Industry or regulatory sanctions can result from violating the laws and regulations that govern data privacy and protection, such as the GDPR, the CCPA, or the GLBA.These sanctions can include fines, penalties, injunctions, or revocation of licenses.
Charges of deceptive business practices can arise from misleading or false statements about how the organization collects, uses, or discloses personal data, or from failing to comply with its own privacy policies and procedures. These charges can lead to lawsuits, settlements, or enforcement actions by authorities such as the FTC or the state attorneys general.: = The 4 Biggest Risks of Non-Compliance With Data Privacy Regulations Security and privacy laws, regulations, and compliance: The complete guide An Ethical Approach to Data Privacy Protection


NEW QUESTION # 296
Which principles of the Egmont Group of Financial Intelligence Units (Fills) are aimed at maximizing cooperation between FlUs to more effectively combat money laundering? (Select Two.)

  • A. Eliminating spontaneous information sharing between FlUs to reduce the burden of excess investigative work.
  • B. Formal Egmont Group membership requirements ensure a high commitment of the eligible FlUs.
  • C. FIU cooperation should always be channeled through designated intermediaries.
  • D. It is within an FlU's authority to sign Memorandums of Understanding independently.
  • E. Information exchange should take place informally, without too many formal prerequisites.

Answer: D,E

Explanation:
The principles of the Egmont Group of Financial Intelligence Units (FILLs) aimed at maximizing cooperation between FILLs to more effectively combat money laundering are [1]:
B . Information exchange should take place informally, without too many formal prerequisites. (CAMS Manual, 6th Edition, Page 55)


NEW QUESTION # 297
What must be materially true regarding transactions for United States (U.S.) sanctions laws to have jurisdiction?

  • A. Transactions are identified as proceeds of foreign corruption
  • B. Transactions are stripped of beneficial owner information
  • C. Transactions are traced to illegal proceeds
  • D. Transactions are processed by a U.S. person

Answer: D

Explanation:
Explanation/Reference: https://www.treasury.gov/resource-center/faqs/Sanctions/Documents/faq_all.html


NEW QUESTION # 298
the Financing of Terrorism (CFT)]
Which action does the Financial Action Task Force call on member countries to take in the most serious cases when countries have significant strategic AML deficiencies?

  • A. Report high-risk transactions
  • B. Apply countermeasures
  • C. Contribute to mutual evaluations
  • D. Eliminate all financial dealings

Answer: B

Explanation:
According to the FATF Recommendations (2012), page 111, the FATF calls on its members and urges all jurisdictions to apply enhanced due diligence and, in the most serious cases, countermeasures to protect the international financial system from the money laundering, terrorist financing, and proliferation financing risks emanating from countries with significant strategic AML/CFT deficiencies. Countermeasures are proportionate and effective actions that can be applied by countries individually or collectively to protect their financial systems from these risks. Examples of countermeasures include restricting or prohibiting financial transactions with the high-risk country, requiring financial institutions to review and terminate correspondent relationships with the high-risk country, or applying enhanced reporting mechanisms or systematic reporting of financial transactions with the high-risk country.
References:
FATF Recommendations (2012), page 111
FATF Public Statement on High-Risk Jurisdictions subject to a Call for Action, February 20232 FATF Guidance on Countermeasures, October 20103


NEW QUESTION # 299
A local law enforcement officer, who is conducting a criminal investigation, requests information about a customer.
Which two actions should the bank take? (Choose two.)

  • A. Review the money laundering risk posed by the account
  • B. Close the account immediately
  • C. Monitor the account for suspicious activity
  • D. File a suspicious transaction report

Answer: C,D

Explanation:
According to the Anti-Money Laundering Specialist (the 6th edition) study guide, when a financial institution receives a law enforcement inquiry, it should cooperate as much as possible and respond to all formal requests for information, unless there is a valid objection that can and should be made1. The institution should also file a suspicious transaction report (STR) if the inquiry or the customer's activity triggers any red flags or indicators of money laundering or other financial crimes2. Additionally, the institution should monitor the account for suspicious activity and review the money laundering risk posed by the account, as these are part of the ongoing due diligence and risk assessment processes3. Closing the account immediately is not a recommended action, as it may alert the customer or interfere with the investigation4.
References:
1: ACAMS, CAMS Certification Package - 6th Edition, Chapter 4, page 121
2: ACAMS, CAMS Certification Package - 6th Edition, Chapter 4, page 122
3: ACAMS, CAMS Certification Package - 6th Edition, Chapter 4, page 123
4: ACAMS, CAMS Certification Package - 6th Edition, Chapter 4, page 124


NEW QUESTION # 300
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