Updated Feb-2022 Exam Engine for CAMS Exam Free Demo & 365 Day Updates
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How much CAMS Exam Cost
There are two options. Candidate can choose either with a virtual classroom package or without a virtual classroom package.
Price and benefits of with virtual classroom package
- The price of this package is $1,880 for private sectors and $1,540 for public sectors
- This package consists of a CAMS study guide, Online Preparation Course, CAMS Virtual classroom and CAMS Examination
Price and benefits of without virtual classroom package:
- This package consists of a CAMS study guide, Online Preparation Course and CAMS Examination
- The price of this package is $1,459 for private sectors and $1,145 for public sectors
NEW QUESTION 183
An anti-money laundering officer is conducting employee reviews.
Which employee action warrants enhanced due diligence?
- A. The private banker has recently taken long vacations which caused staff members to fall behind in their work to help cover bank duties.
- B. The branch manager reviews the daily hold report and releases holds on non-cash items once the bank receives credit from the paying bank.
- C. The bank chief executive officer lives in a lavish home and has requested the board to approve a membership payment at an exclusive country club.
- D. The teller reviews customer profiles and makes notations of personal information to reportedly become familiar with bank customers.
Answer: B
NEW QUESTION 184
What might limit a compliance officer's ability to respond to a foreign law enforcement official's request to provide information with regard to an anti-money laundering investigation?
- A. Privacy and data protection laws in the compliance officer's country
- B. Whether the request has been processed by the foreign law enforcement official's embassy in the compliance officer's country
- C. Anti-money laundering laws that require the confidential treatment of Suspicious Transaction Reports in the law enforcement official's country
- D. Whether there is a mutual legal assistance treaty between the countries of the compliance office and the law enforcement official
Answer: D
NEW QUESTION 185
Your company develops an API application that is orchestrated by using Kubernetes.
You need to deploy the application.
Which three actions should you perform? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. Create an Azure Container Registry instance.
- B. Create a Web App for Containers.
- C. Create an Azure container instance.
- D. Create a Kubernetes cluster.
- E. Create a container image file.
Answer: A,D,E
Explanation:
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/azure/aks/tutorial-kubernetes-prepare-app
NEW QUESTION 186
To ensure that an institution's anti-money laundering program is current, which step should be taken?
- A. The program should be sent to the institution's government regulator on a periodic basis
- B. The program should be reassessed at least annually
- C. The program should be reviews by a federal law enforcement officer for gaps in controls
- D. The program should be evaluated and updated at least every six months be the Board of Directors
Answer: B
Explanation:
Explanation
"Provide for periodic review as well as timely updates to implement changes in regulations this should be done at least on an annual basis" (Pag 153)
NEW QUESTION 187
Your company has an on-premises datacenter.
You plan to publish an app that will recognize a set of individuals by using the Face API. The model is trained.
You need to ensure that all images are processed in the on-premises datacenter.
What should you deploy to host the Face API?
- A. Azure Application Gateway
- B. Azure File Sync
- C. Azure Data Box Edge
- D. a Docker container
Answer: D
Explanation:
A container is a standard unit of software that packages up code and all its dependencies so the application runs quickly and reliably from one computing environment to another. A Docker container image is a lightweight, standalone, executable package of software that includes everything needed to run an application:
code, runtime, system tools, system libraries and settings.
Incorrect Answers:
D: Azure Data Box Edge is an AI-enabled edge computing device with network data transfer capabilities. This article provides you an overview of the Data Box Edge solution, benefits, key capabilities, and the scenarios where you can deploy this device.
Data Box Edge is a Hardware-as-a-service solution. Microsoft ships you a cloud-managed device with a built-in Field Programmable Gate Array (FPGA) that enables accelerated AI-inferencing and has all the capabilities of a storage gateway.
References:
https://www.docker.com/resources/what-container
NEW QUESTION 188
Which information must a United States financial institution retain for having foreign correspondent accounts as part of the USA PATRIOT Act record keeping requirements?
- A. A suspicious activity report filed and the supporting documentation involving foreign correspondent accounts
- B. Purchase of monetary instruments of $3,000 or more involving foreign correspondent accounts
- C. Records identifying the owners of each foreign bank
- D. Section 314(b) information sharing results related to foreign correspondent accounts
Answer: D
NEW QUESTION 189
Which is a red flag for funds transfers?
- A. Funds transfers are repeatedly sent to the same beneficiary out of line with the business purpose.
- B. Funds transfers are to a higher-risk geographic location with a known supplier within the same industry as the originator.
- C. Funds transfers are repetitive and within expected patterns.
- D. Funds transfers are received in numerous small quantities from entities that are in related industries.
Answer: C
NEW QUESTION 190
During an ongoing investigation into a client's activities by a competent authority, a compliance officer should
- A. Ensure communication with regulatory and law enforcement authorities is conducted only through senior management.
- B. Communicate with regulatory and law enforcement authorities in line with applicable local laws.
- C. Limit communication with regulatory and law enforcement authorities to the absolute minimum.
- D. Communicate only in writing with regulatory and law enforcement authorities in line with applicable local laws.
Answer: D
NEW QUESTION 191
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
NEW QUESTION 192
What is the result of an increased awareness of the potential for gatekeepers to assist in money laundering in recent years?
- A. The FATF recommendations cover lawyers performing financial transactions
- B. Accountants are no longer considered gatekeepers, since they are not permitted to set up companies or trusts
- C. Lawyers who represent money launderers can more easily be prosecuted
- D. The IMF has raised the profile of gatekeepers, requiring that countries regulate them
Answer: C
NEW QUESTION 193
In reviewing recent activity, a compliance officer for a money transmitter that several customers are each remitting the same amount of money but much more frequently.
How should the institution respond?
- A. Conduct further investigation to determine whether this is truly suspicious activity
- B. File a suspicious transaction report
- C. Instruct the tellers not to process remittances for these customers in the future
- D. Immediately contact the customers and ask them why they are remitting money more often
Answer: A
Explanation:
Explanation
"The decision of whether or not to file a suspicious transaction report (also known as a suspicious activity report or SAR in the United States) often involves weighing the aggravating and mitigating factors arising from the research conducted during the investigative process. Financial institutions should draft procedures that document the factors to consider when determining whether a suspicious transaction report (STR) is appropriate."
NEW QUESTION 194
What do Financial Action Task Force (FATF)-style regional bodies do for their members to help combat money laundering and terrorist financing?
- A. They assist member countries in penalizing entities that violate FATF standards and recommendations
- B. They work with members on areas of concern outside of anti-money laundering and terrorist financing
- C. They supervise member country financial institutions relating to anti-money laundering and terrorist financing
- D. They provide technical assistance to members in implementing FATF recommendations
Answer: C
Explanation:
Explanation
Explanation/Reference: https://www.fatf-gafi.org/media/fatf/documents/brochuresannualreports/FATF30-(1989-2019).pdf
NEW QUESTION 195
What is the primary action a financial institution should take before formulating its anti-money laundering program?
- A. It should determine how extensive and well-trained the compliance staff is
- B. It should ensure that its training modules for all employees cover all relevant AML issues
- C. It should perform a comprehensive risk analysis
- D. It should consult with its correspondent banks to determine the nature and extent of their AML programs
Answer: D
NEW QUESTION 196
An anti-money laundering specialist has been asked to establish a compliance program to detect and prevent money laundering and terrorist financing. Which of the following should the anti-money laundering specialist consider in developing the program?
1. Funds for money laundering and terrorist financing are derived from illegal sources.
2. Related practices are used to conceal the nature of the funds.
3. The source and disposition of funds are similar.
4. Similar techniques are used to move funds.
- A. 1 and 3 only
- B. 2 and 4 only
- C. 1 and 2 only
- D. 3 and 4 only
Answer: A
NEW QUESTION 197
The ultimate goal of economic sanctions is to:
- A. reduce the profits of sanctioned countries.
- B. prevent terrorists from profiting from trade.
- C. protect national security.
- D. protect the reputation of the country.
Answer: C
NEW QUESTION 198
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The benefit in Obtaining the CAMS Exam Certification
- Increasing their skilled worth through a higher understanding of financial crime detection and hindrance techniques
- Protecting their company from money laundering threats and minimize money crime risks
- ACAMS conducted a survey recently and the findings were pretty interesting on average, professionals who had their ACAMS made $25,000 more than their colleagues who did not have the CAMS certification!
- Proving their AML experience to examiners and regulators
- Meeting mandated AML training needs through preparation and study
Exam Questions for CAMS Updated Versions With Test Engine: https://actualtests.vceengine.com/CAMS-vce-test-engine.html
