CAML — Certificate in Anti-Money Laundering Bank Practice Questions
The free CAML — Certificate in Anti-Money Laundering questions that deal with bank, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #6
A report is filed under the Bank Secrecy Act involving a customer. What is this document called?
Correct answer: A
Explanation
A Suspicious Activity Report (SAR) is filed under the BSA for suspicious findings.
Question #8
A bank employee receives a request to transfer funds to an account in a high-risk country. What is their next step?
Correct answer: A
Explanation
It is essential to conduct due diligence for transactions in high-risk areas.
Question #10
A client refuses to provide documentation for their business operations. How should the bank respond?
Correct answer: C
Explanation
Refusing documentation warrants a report to compliance for risk management.
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