Download CAMS Dumps (2024) – Free PDF Exam Demo [Q269-Q289]

Q269. In which type of banking transaction is price manipulation, as a form of money laundering, a common practice?

Q270. What does the Egmont Group’s support for its members include?

Q271. What are two requirements for monitoring and reporting suspicious activity for correspondent banking according to the Wolfsberg Principles? (Choose two.)

Q272. What is a major economic consequence of money laundering through the use of front companies?

Q273. In reviewing recent transaction activity, a compliance officer for a money transmitter notices that several customers are each remitting the same amount of money but much more frequently.
How should the institution respond?

Q274. Your company has a data team of Transact-SQL experts.
You plan to ingest data from multiple sources into Azure Event Hubs.
You need to recommend which technology the data team should use to move and query data from Event Hubs to Azure Storage. The solution must leverage the data team’s existing skills.
What is the best recommendation to achieve the goal? More than one answer choice may achieve the goal.

Q275. When a bank performs a risk assessment, what areas should an institution focus on?

Q276. What is the term for trading through multiple accounts, where an individual generates offsetting profits and losses and transfers of positions through accounts that do not appear to be commonly controlled?

Q277. Bank A is located in Country A.
A wire transfer from Bank B located in Country B is processes by Bank A, where the funds are being moved to a customer at Bank C located in Country C.
The wire transfer is deemed suspicious by Bank A.
Who should Bank A file a suspicious transaction report on?

Q278. Which product is considered to be of highest money laundering risk?

Q279. How can violations of anti-money laundering laws be a risk to individuals?

Q280. An AML compliance officer receives notice of government update including the names of the latest
terrorists sanctioned by the United Nations Security Council. Which would be the most appropriate step to take?

Q281. Which precaution will a money launderer take to avoid detection when sending electronic transfers?

Q282. A popular restaurant in town has begun depositing less cash than it has in prior years. In a review of the customer’s accounts, you notice that credit card receipts have increased with no .
The account officer discovers that the restaurant has installed a privately-owned automated teller machine (ATM) onsite and has begun construction on a patio dining area.
Which red flag should trigger additional investigation?

Q283. A foreign bank’s compliance officer receives a request for information from a US bank, alerting the foreign bank to the possibility that it may have transferred funds on behalf of an Office of Foreign Assets Control (OFAC>-sanctioned person, who holds an account with the foreign bank. Which statements are true with respect to said funds and the information in relation to the transaction under scrutiny? (Select Two.)

Q284. A company service provider in Country A sets up a corporate structure for a client from Country B, which is known for corruption. The corporate structure includes a holding company in Country A with a bank account in one of the international banks located there.
During on-boarding, the client’s wealth was estimated at $7 million. Shortly thereafter, the client’s father became president of Country B. During a routine client review two years later, it was identified that client’s wealth had grown to $510 million.
What are two red flags that indicate money laundering or financial terrorism? (Choose two.)

Q285. A compliance officer is looking to modify procedures covering correspondent banking relationships. Which three would be recommended under the Wolfsburg Principles on Correspondent Banking? Choose 3 answers

Q286. You plan to implement a new data warehouse for a planned AI solution.
You have the following information regarding the data warehouse:
* The data files will be available in one week.
* Most queries that will be executed against the data warehouse will be ad-hoc queries.
* The schemas of data files that will be loaded to the data warehouse will change often.
* One month after the planned implementation, the data warehouse will contain 15 TB of data.
You need to recommend a database solution to support the planned implementation.
What two solutions should you include in the recommendation? Each correct answer is a complete solution.
NOTE: Each correct selection is worth one point.

Q287. In which three situations is correspondent banking most vulnerable to money laundering? Choose 3 answers

Q288. An individual opened an account with a minimal cash deposit at a financial institution. He presented a foreign passport and stated he would be working locally for a few months. He also requested information about making electronic fund transfers. The institution was subsequently unable to verify the employment or residence information provided by the individual. Soon after this, a large transfer was sent to the customer’s account. Which of the following is the course of action recommended by the Basel Committee on Banking Supervision’s Customer Due Diligence for Banks?

Q289. When performing a risk assessment, which factors should be considered when identifying and measuring risk?
(Choose two.)