Acams CAMS Quiz 8 Topic 1 Questions 36-40

Question: 1

What facilitates law enforcement agent obtaining evidence from authorities in a foreign country relating to criminal activity?

AMutual Legal Assistance Treaties (MLAT)

BPatriot Act Communications System

CThe World Wide Network of Information Sharing

DMLAT Executive Agreement

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Question: 2

The purpose of an anti-money laundering program should be to do what?

ADetect all illegal activity perpetrated by customers

BAvoid criticism and sanctions from government regulators

CFocus monitoring efforts on riskier transactions and customers

DDetect and report cash structuring and suspicious wire transactions

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Question: 3

A commission regotorie would be used in which gateway to obtain information from another country?

AAn FIU request under the Egmont principles

BAn MLAT request

CA supervisory channel request with the Basel Committee

DA FATF request

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Question: 4

What should be part of an institution's monitoring and STR filing process? Choose 3 answers

AReview on a regular basis of all high-risk accounts and transactions

BReview of STR filing trends and typologies

CPeriodic training on the identification of red flags

DRequirement that the Board of Directors approves the filing of an STR

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Question: 5

When an institution conducts an internal investigation into an account following a law enforcement inquiry, it should consider a number of factors to independently determine if the account should be dosed. Which three considerations should be made when making the determination about closing an account? Choose 3 answers

AThe institution's policies and procedures for closing an account

BOral requests by a law enforcement agency or prosecutor for the account to be dosed

Csigned written requests by a law enforcement agency or prosecutor on official letterhead for the account to remain open

DThe level of seriousness of the underlying conduct

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Acams CAMS Quiz:8 Topic:1 Questions:36-40