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Free CAML — Certificate in Anti-Money Laundering Exam Questions and Answers
Last updated: March 30, 2025
Examtopics CAML — Certificate in Anti-Money Laundering Prepaway Real Exam Questions and dumps free download
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CAML — Certificate in Anti-Money Laundering
#Question
A financial institution is alerted by regulators regarding potential non-compliance issues. What is crucial?
A.
Root cause analysis
B.
Media responses
C.
Quick fixes
D.
Ignore the notice
Correct Answer:
A
Conducting a root cause analysis helps address potential non-compliance issues effectively.
#Question
An over-reliance on automation causes missed suspicious reports. What should be immediately addressed?
A.
Expand compliance staff
B.
Reassess staff capabilities
C.
Review process adherence
D.
Increase automation
Correct Answer:
C
Review process adherence is vital to ensure human oversight in detecting suspicious reports.
#Question
A customer threatens to close their account if compliance is enforced. How should the branch manager respond?
A.
Accede to demands
B.
Negotiate terms
C.
Ignore the threats
D.
Explain compliance requirements
Correct Answer:
D
Explaining compliance requirements respectfully helps clarify the importance of AML measures.
#Question
During a training session, what topic is essential for AML compliance staff to understand?
A.
New technology trends
B.
Navigating corporate environments
C.
Compliance documentation
D.
Money laundering red flags
Correct Answer:
D
Understanding money laundering red flags is essential for AML compliance staff.
#Question
A bank detects a rise in cash-intensive businesses linked to unusual transactions. What is important?
A.
Limit client interactions
B.
None needed
C.
Closely monitor transactions
D.
Engage all businesses
Correct Answer:
C
Closely monitoring transactions helps identify potential issues in cash-intensive businesses.
#Question
A compliance officer assesses the risk assessment framework. What is a critical focus?
A.
Accuracy in risk scoring
B.
Minimizing documentation
C.
Reducing employee workloads
D.
Enhancing sales techniques
Correct Answer:
A
Accuracy in risk scoring is crucial when assessing the risk assessment framework.
#Question
An employee learns of new sanctions impacting client transactions. What must be updated promptly?
A.
Customer records
B.
Internal policies
C.
Webpage design
D.
Client knowledge base
Correct Answer:
B
Promptly updating internal policies ensures compliance with new sanctions.
CAML — Certificate in Anti-Money Laundering
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