ACAMS Advanced CAMS-Audit Certification - Advanced-CAMS-Audit Free Exam Questions

A. has been approved by regulators.

B. was reviewed and approved by the money laundering reporting officer.

C. is aligned with investment strategy.

D. contains items related to staff training.

A. The finding is on a different audit topic than the KYC related findings.

B. The tool might miss potential sanction violations given the long intervals before the sanctions lists are updated.

C. The efficiency of the sanction screening tool is not properly tuned due to the wrong sanctions lists.

D. The organization might have reported a sanction breach that is not a current sanction violation.

A. Information that will be required

B. Purpose of the review

C. Budget available for the review

D. Type of risk assessment needed

E. Users of the external report

F. Type of reporting format

A. File a suspicious activity report as the previous riskrating was not correct.

B. Deploy automated monitoring toots to efficiently peruse the customer's KYC information and assure that the customer's KYC risk rating is correct.

C. Review and document the details of the customer s asset-holding arrangement.

D. Conduct enhanced due diligence and enhanced ongoing monitoring of the customer relationship.

E. Review the customer risk profile every two years as with any other customers.

F. Designate the account as a PEP-account.

A. Management took appropriate and timely action to address any violations and other deficiencies.

B. The business attested to remediating the control gaps.

C. Senior management agreed that the findings were legitimate.

D. Management discussed an action plan to address any violations and other deficiencies.

A. Available resources and board of directors' commitment

B. Target completion date and status update on remedial action

C. Reporting the breach and the regulatory response

D. Responsible action owner and internal audit commitment to follow up

A. Evidence of negative media screening retained in client files must comprise negative reports only.

B. Identification of relevant reports via adverse media searches must be escalated for an assessment for materiality.

C. Privacy regulation requires that clients who have a print copy of the adverse media m their files should be notified.

D. All staff members should be provided with additional training to ensure they adhere to standard procedures.

E. Procedures should be enhanced to require that all clients are subject to regular negative media screening.

A. Consult with the compliance officer.

B. Carry out further investigation of this alert.

C. Increase the sample size.

D. Document the conclusion within the audit work papers.

A. To defraud shipping companies

B. To disguise dual-use goods

C. To move funds or value across national borders

D. To trade prohibited goods