ACAMS TEST COMPILATION BUNDLE 2023

ACAMS: Chapter 4 Flashcards Questions and Answers 2023 Define a search warrant and describe how it is issued. It is a grant of permission from a court for a law enforcement agency to search certain designated premises and to seize categories of items/documents. Generally, the requesting agency is ...

US Patriot Act ACAMS Questions and Answers 100% correct 311 - Special Measures for Primary ML Concerns By designating a country or financial institution as a primary money laundering concern, the US government can force US Banks to halt many of their financial dealings with the designee. 31...

ACAMS Questions and answers 2023S tructuring Designing a transaction to evade triggering a reporting or record-keeping requirement. Smurfing Multiple individuals making multiple cash deposits and/or buying multiple monetary instruments or bank drafts in amounts under the reporting threshol...

ACAMS Questions and Answers 2023 Bank Draft Vulnerable to money laundering because it represents a reputable international monetary instrument drawn on a reputable institution, and is often made payable-in cash-upon presentation and at the issuing institution's account in another country. ...

ACAMS- Chapter 2 Questions and Answers 2023 Which of the FATF Style Regional Bodies issued its own set of 19 recommendations, which were specific to the region? CFATF (Caribbean Financial Action Task Force) Does the Basel Committee prohibit the use of numbered accounts? No. Numbered accoun...

ACAMS Chapter 2: International AML/CFT Standards Questions and Answers 2023 Financial Action Task Force (FATF) An international, intergovernmental organization composed of members from more than 30 countries, whose primary purpose is the development and promotion of policies, at both national and ...

ACAMS Practice x2 Questions and Answers 2023 B 61. Using shell companies or other structures whose primary intended business purpose is to obscure the ownership of assets is a form of: Chapter: 2 Ans: B A. Placement B. Layering C. Integration D. Reverse Flipping C 62. Which of the ...

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ACAMS Vocabulary Questions and Answers 2023 Account monitoring order ____ _____ ____ : In the United Kingdom and several other countries, an order from a government authority requiring a nancial institution to provide transaction information on a suspect account for a speci ed time period. ...

ACAMS Chapter 1 Questions and Answers 2023 Money Laundering involves taking criminal proceeds and disguising their illegal sources in order to use the funds to perform legal or illegal activiites. Formed in 1989 Financial Action Task Force (FATF) Financial Action Task Force (FATF) i...