CAMS VALID TEST DURATION & REALISTIC 2025 ACAMS NEW CERTIFIED ANTI-MONEY LAUNDERING SPECIALISTS EXAM PRICE

CAMS Valid Test Duration & Realistic 2025 ACAMS New Certified Anti-Money Laundering Specialists Exam Price

CAMS Valid Test Duration & Realistic 2025 ACAMS New Certified Anti-Money Laundering Specialists Exam Price

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Tags: CAMS Valid Test Duration, New CAMS Exam Price, Reliable CAMS Test Questions, CAMS Exam Training, CAMS Pdf Exam Dump

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ACAMS CAMS certification exam is a challenging but rewarding opportunity for AML professionals to demonstrate their knowledge and expertise in the field. With the growing importance of financial crime prevention and compliance, the CAMS certification is becoming increasingly valuable and relevant for AML professionals around the world.

The CAMS exam is recognized as the gold standard in AML certification, and passing the exam is a significant achievement in the AML field. Certified Anti-Money Laundering Specialists certification is highly valued by employers, and many organizations require their employees to be CAMS Certified. The CAMS certification is also recognized by regulatory bodies and law enforcement agencies worldwide, which makes it a valuable asset for professionals working in the AML field.

To be eligible to take the CAMS certification exam, candidates must meet certain requirements. They must have at least 40 hours of AML training or experience, as well as a high school diploma or equivalent. Alternatively, candidates may have a bachelor's degree or higher from an accredited institution. In addition, candidates must agree to abide by the ACAMS Code of Professional Conduct.

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ACAMS Certified Anti-Money Laundering Specialists Sample Questions (Q180-Q185):

NEW QUESTION # 180
Which safeguard is in place for Financial Intelligence Units (FIUs) to share information securely according to Egmont?

  • A. Investigators are allowed to request information from a foreign FIU directly.
  • B. A computer with access to the Egmont Secure Web is accessible to all members of the FIU.
  • C. Information sharing is conducted according to processes contained in Memoranda of Understanding.
  • D. Intelligence is shared via messaging applications.

Answer: B

Explanation:
According to the Egmont Group of Financial Intelligence Units Principles for Information Exchange Between Financial Intelligence Units, one of the channels for the exchange of information between FIUs is the Egmont Secure Web (ESW), which is a secure and encrypted communication system that allows FIUs to share information and expertise1. The ESW is accessible to all members of the FIU who have been authorized by the FIU head or his/her delegate1. The other options are not correct because:
* B. Information sharing is not always conducted according to processes contained in Memoranda of Understanding (MOUs). The Egmont Group encourages FIUs to exchange information regardless of the existence of an MOU1.
* C. Intelligence is not shared via messaging applications. This would not be a secure or reliable way of exchanging sensitive information.
* D. Investigators are not allowed to request information from a foreign FIU directly. Requests for information must be made through the FIU of the requesting country1.
References:
* Egmont Group of Financial Intelligence Units Principles for Information Exchange Between Financial Intelligence Units
* The Egmont Group of Financial Intelligence Units | FinCEN.gov
* The Egmont Group of The Egmont Group of Financial Intelligence Units
Reference: https://www.elibrary.imf.org/view/books/069/02365-9781589063495-en/ap01.xml


NEW QUESTION # 181
Which of the followingcorporate structurespresent ahigher money laundering riskdue toreduced transparency? (Select Three.)

  • A. Acompany with nominee shareholders and directorsin a local jurisdiction.
  • B. Aprivate company with no activityin a tax haven jurisdiction.
  • C. Alimited liability company (LLC) incorporated in a foreign jurisdiction.
  • D. Acompany with bearer sharesincorporated in a tax haven jurisdiction.
  • E. Aprivate investment company incorporated in a tax haven jurisdiction with strict secrecy laws.

Answer: A,D,E

Explanation:
Money launderersexploit corporate structuresthat offeranonymityandreduced transparency.
* Option A (Correct):Nominee shareholders and directorscan be used tohide true beneficial ownership.
* Option C (Correct):Bearer sharesallowownership to transfer anonymously, amajor AML risk.
* Option E (Correct):Tax haven companieswithsecrecy lawsare frequently used formoney laundering.
* Option B (Incorrect):A private companywithout activitydoes not inherently pose anAML risk.
* Option D (Incorrect):LLCscan be transparentif properKYC and reporting measuresare in place.
Reference:FATF Recommendation 24 (Transparency and Beneficial Ownership), Wolfsberg Group Guidance on Legal Entities, EU AMLD Corporate Ownership Directives.


NEW QUESTION # 182
An anti-money laundering specialist working at a bank just received a legal request from a law enforcement agency mandating the release of all financial transaction records relating to an account at the bank. The specialist immediately recognizes the account as one owned by the bank Chief Executive Officier's brother. During research to gather the requested documents, the specialist finds several internal memos he had sent to the bank president with concerns regarding possible suspicious activity relating to this account. The specialist recalls the bank president verbally responded to each memo with an explanation of the activity and indicated there was no cause for concern. What should the specialist do with respect to these internal memos?

  • A. Call the law enforcement agent and suggest he modify the legal request to include these memos
  • B. Place these memos in his personal files in case they are subsequently requested
  • C. Ask the bank president to document his instructions to the specialist
  • D. Advise the bank's senior legal advisor of the situation

Answer: D


NEW QUESTION # 183
You design an AI workflow that combines data from multiple data sources for analysis. The data sources are composed of:
* JSON files uploaded to an Azure Storage account
* On-premises Oracle databases
* Azure SQL databases
Which service should you use to ingest the data?

  • A. Azure Data Lake Storage
  • B. Azure SQL Data Warehouse
  • C. Azure Databricks
  • D. Azure Data Factory

Answer: D

Explanation:
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/azure/data-factory/introduction


NEW QUESTION # 184
A financial institution opens a mortgage loan for a customer. During a subsequent internal review of the loan, it was noted that the appraisal used to support the loan was performed by an appraiser who was not on the institution's approved appraiser list. This exception was approved by the senior loan underwriter. The reviewer, who had examined other loans from the same general area, noted that the value on the loan appeared significantly higher than on other comparable properties. Which of the following should the anti-money laundering specialist recommend next?

  • A. Determine whether the loan underwriter reviewed the appraiser's license for validity.
  • B. Document the underwriter's actions prior to filing a suspicious transaction report.
  • C. Alert local law enforcement regarding a potential collusive relationship between the un-derwriter and appraiser.
  • D. Train the appraiser on anti-money laundering compliance for high-end real estate loans.

Answer: B

Explanation:
According to the Anti-Money Laundering Specialist (the 6th edition) resources, one of the red flags for money laundering in real estate transactions is the use of an appraiser who is not on the approved list of the financial institution. This could indicate a possible collusion between the appraiser and the borrower or the underwriter to inflate the value of the property and obtain a higher loan amount. The anti-money laundering specialist should document the underwriter's actions and the reasons for approving the exception, as well as the discrepancy between the appraised value and the market value of the property. The specialist should then file a suspicious transaction report (STR) to the relevant authorities, as required by the local regulations .
References:
ACAMS Study Guide for the Certified Anti-Money Laundering Specialist (the 6th edition), Chapter 7: Money Laundering Risks and Methods, page 201.
ACAMS Study Guide for the Certified Anti-Money Laundering Specialist (the 6th edition), Chapter 8:
Anti-Money Laundering Programs, page 227.
ACAMS Study Guide for the Certified Anti-Money Laundering Specialist (the 6th edition), Chapter 9:
Conducting or Supporting the Investigation Process, page 255.


NEW QUESTION # 185
......

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