[Q60-Q78] Verified CAMS dumps Q&As – Pass Guarantee Exam Dumps Test Engine [2026]

NEW QUESTION 60
A local law enforcement officer notifies the bank compliance officer that he is working on an insurance fraud scheme that appears to be running transactions using the account of a bank employee. The law enforcement officer refers to a kiting suspicious transaction report filed by the compliance officer and requests further information.
What action should the compliance officer take?

Inform the board of directors

Call the employee and demand an explanation

Allow access to the bank’s documents immediately

Provide the information to the law enforcement in response to a formal written request

NEW QUESTION 61
One area of responsibility for the Board of Directors when implementing a successful AML program is to:

ensure the appointment of a qualified chief AML officer.

create a culture of compliance based on the profit expectation.

manage the day-to-day processes of the compliance program.

hire a third-party firm to be responsible for the AML compliance.

NEW QUESTION 62
Which statement identifies one of the duties of a government Financial Intelligence Unit?

It serves as the central agency for the receipt of disclosures filed by reporting entities.

It administers and enforces economic and trade sanctions based on a government’s foreign policy and national security goals.

It supervises and regulates banking institutions to ensure the safety and soundness of the nation’s banking and financial system.

It prosecutes suspected money launderers and terrorist financiers based on financial institution suspicious transaction report filings.

NEW QUESTION 63
The owner of a real estate investment company deposits multiple cashier’s checks that were bought using cash over a three-month period, from the sale of two apartments. This account also receives several electronic transfers from other financial institutions for 10.000 USD each. What activity is considered suspicious of money laundering?

Using cash to buy multiple cashier’s checks over a period of time

Using cashier’s checks in the transactions with the real estate investment company’s account

Performing operations with real estate investment companies

Receiving electronic transfers for 10.000 USD amounts from other financial institutions

NEW QUESTION 64
A bank maintains a number of United States (U.S.) dollar correspondent accounts for foreign financial institutions. Upon a routine review of a U.S. dollar correspondent account owned by Foreign Bank A, a number of transactions appear to have been originated by Foreign Bank B outside the expected activity for this account. These transactions appear suspicious and a suspicious transaction report was filed by the compliance officer.
Which step should the compliance officer take?

File a report with the appropriate tax authorities in the jurisdictions of Foreign Bank A and Foreign Bank B

Notify senior management of the money laundering risks by allowing Foreign Bank A to maintain its U.

dollar correspondent account

Notify Foreign Bank A of the discovery and seek documentation supporting Foreign Bank A was collusive and a willing partner with Foreign Bank B in the activity

Notify other U.S. financial institutions who maintain U.S. dollar correspondent accounts for Foreign Bank A and Foreign Bank B in an effort to shut down the activity

According to the FFIEC BSA/AML Manual1, a U.S. bank should have policies, procedures, and processes to monitor and report suspicious activity associated with U.S. dollar drafts, which are bank drafts or checks denominated in U.S. dollars and made available at foreign financial institutions. These drafts are drawn on a
U.S. correspondent account by a foreign financial institution and can be used to facilitate money laundering or terrorist financing. The manual states that “[t]he potential for facilitating money laundering or terrorist financing, OFAC violations, and other serious crimes increases when a U.S. bank is unable to identify and adequately understand the transactions of the ultimate users (all or most of whom are outside of the United States) of its account with a foreign correspondent.”2 Therefore, the compliance officer should notify Foreign Bank A of the discovery and seek documentation supporting Foreign Bank A was collusive and a willing partner with Foreign Bank B in the activity, as this would indicate a breach of the correspondent banking agreement and a possible violation of U.S. laws and regulations. The compliance officer should also document the findings and actions taken, and escalate the matter to senior management and the board of directors as appropriate.
The other options are not the best steps for the compliance officer to take. Option A is not relevant, as the issue is not related to tax evasion, but to money laundering or terrorist financing. Option B is premature, as the compliance officer should first verify the nature and extent of the suspicious activity and the involvement of Foreign Bank A before deciding whether to terminate or restrict the correspondent relationship. Option D is not feasible, as the compliance officer does not have the authority or the means to notify other U.S. financial institutions who maintain U.S. dollar correspondent accounts for Foreign Bank A and Foreign Bank B, and this could also interfere with ongoing investigations or law enforcement actions.
References:
* FFIEC BSA/AML Manual, Risks Associated with Money Laundering and Terrorist Financing, U.S.
Dollar Drafts
* Denting Dirty Dollar-Clearing: US Court of Appeals Upholds Money-Laundering Convictions Based on the Use of US Correspondent Banking Accounts, Freshfields Blog
* AMLA Expands DOJ Grand Jury Subpoena Power Over Correspondent Bank Accounts and Foreign Banks, Money Laundering News

NEW QUESTION 65
How does the Financial Action Task Force (FAT F) measure the effectiveness of a country’s efforts to combat money laundering and terrorist financing?

Mutual evaluation

FATF Evaluation Committee

Basel Committee

Series of internal audits followed by reporting to FATF

NEW QUESTION 66
Which of the following customers require the most enhanced due diligence?

A resident of a non-cooperative jurisdiction.

An international business corporation.

A politically exposed person.

An established customer.

NEW QUESTION 67
One area of responsibility for the Board of Directors when implementing a successful AML program is to:

ensure the appointment of a qualified chief AML officer.

create a culture of compliance based on the profit expectation.

manage the day-to-day processes of the compliance program.

hire a third-party firm to be responsible for the AML compliance.

NEW QUESTION 68
Based on the USA PATRIOT Act, what action might the US take to demonstrate extraterritorial reach?

Send requests for information to a non-US based financial institution (FI)

Hand over potential penalties from the US to another government

Freeze U. S. accounts that contain funds from the non-US FI

Initiate a lawsuit in the home country of the non-US FI

NEW QUESTION 69
An anti-money laundering specialist has just developed and implemented an anti-money laundering program.
Which of the following is the best resource to evaluate the effectiveness of the program?

the regulatory authorities

a member of senior management

the anti-money laundering specialist

a qualified independent party/auditor

NEW QUESTION 70
Which should be provided to the board of directors or designated specialized committee when reporting SARs
/STRs?

All possible details of SARs/STRs filed during the reported period.

Statistical data regarding SARs/STRs filed during the reported period.

Names of all customers subject to SARs/STRs filed during the reported period.

Copies of all SARs/STRs filed during the reported period.

NEW QUESTION 71
Which two factors assist a money laundering investigation that involves multiple countries? (Choose two.)

Law enforcement and other authorities should have access to financial information that is pertinent to theinvestigation.

Every country should share all their information with foreign law enforcement and government authoritiesto facilitate rapid investigations.

Law enforcement and other authorities should be allowed to establish and utilize joint investigative teamswith law enforcement in other countries.

Law enforcement and other authorities should not expedite information sharing between countries toensure that all information is provided at the same time to avoid premature conclusions.

NEW QUESTION 72
What do Financial Action Task Force (FATF)-style regional bodies do for their members to help combat money laundering and terrorist financing?

They provide technical assistance to members in implementing FATF recommendations

They assist member countries in penalizing entities that violate FATF standards and recommendations

They work with members on areas of concern outside of anti-money laundering and terrorist financing

They supervise member country financial institutions relating to anti-money laundering and terrorist financing

NEW QUESTION 73
Which transaction should result in a suspicious activity report filing?

A small business owner deposits checks totaling 9,950 USD on a daily basis without providing a legitimate purpose.

A small business owner deposits 25.000 USD in cash proceeds with a business equipment bill of sale.

A national food-chain restaurant makes multiple, anticipated cash transactions that are above the daily reporting threshold.

A national food-chain restaurant with multiple cash transactions at various branch locations.

NEW QUESTION 74
Which two steps should a financial institution take when it receives a law enforcement request to keep an account open that may be associated with suspicious or criminal activity? (Choose two.)

File a suspicious transaction report on the account owner(s)

Maintain account records for at least five years after the request expires

Ask for a written request from the law enforcement agency that defines the duration

Stop filing suspicious transaction reports because law enforcement will be monitoring the account

NEW QUESTION 75
A law enforcement agency is reviewing a suspicious transaction report (STR) filed by a financial institution for suspicious activity on a client’s account.
Subsequently, the agency requests further information.
Which supporting documentation might the law enforcement agency request from the institution to facilitate its investigation?

Previously filed STRs on the same customer

Account opening documents and account statements

Copies of promotional materials sent to the customer

A copy of the institution’s STR policy and procedures

NEW QUESTION 76
The local manager of a remote mortgage origination department of a financial institution has just discovered that sanctions screening of new customers is not being performed.
Which action should the local manager take in this situation?

Start screening new customers

Immediately inform the regulators

Immediately inform senior management

Do nothing because the department only handles a very small number of mortgages

This action is the most appropriate because it demonstrates the local manager’s responsibility and accountability for the sanctions compliance program. Sanctions screening is an important part of the Know Your Customer (KYC) and Anti-Money Laundering (AML) processes, as it helps to identify and prevent transactions with sanctioned individuals or entities, which could expose the financial institution to legal, regulatory, and reputational risks. Failing to perform sanctions screening could result in violations of sanctions laws and regulations, which could lead to fines, penalties, sanctions, or even criminal prosecution. Therefore, the local manager should immediately inform senior management of the issue, so that they can take corrective actions, such as implementing screening procedures, conducting a risk assessment, reviewing existing customers, reporting any potential violations, and providing training and guidance to the staff.
The other actions are not appropriate because they either do not address the root cause of the problem, or they could worsen the situation. Starting screening new customers without informing senior management could create a false sense of compliance, and it could also miss the existing customers who may be sanctioned.
Immediately informing the regulators without informing senior management could undermine the trust and communication within the organization, and it could also trigger an investigation or enforcement action before the issue is resolved internally. Doing nothing because the department only handles a very small number of mortgages could be a sign of negligence or indifference, and it could also expose the financial institution to significant risks, as even one transaction with a sanctioned party could have serious consequences.
References:
CAMS Certification Package – 6th Edition | ACAMS, Chapter 4: Developing and Implementing an AML Training Program, pp. 97-98 CAMS Certifications: How to Get CAMS Certified | ACAMS, CAMS Study Guide, pp. 76-77 What is Sanctions Screening and How Does It Work? | Jumio, Introduction and Benefits of Sanctions Screening Sanctions Screening: Challenges and Control Considerations, Background and Regulatory Expectations for Sanctions Screening Sanction Screening: A Complete Guide | KYC AML Guide, What is Sanction Screening and Why is it Important?

NEW QUESTION 77
Financial Intelligence Units (FIUs) are responsible for:

the timely dissemination of cases to law enforcement agencies.

responding to requests from law enforcement agencies for information contained in regulatory reports.

sharing evidence with other FIUs.

receiving confirmed reports about committed crimes from accountable and reporting institutions.

NEW QUESTION 78
What are three factors a financial institution should examine with regard to a new customer who is opening up a new account? Choose 3 answers

The country or location where the customer is from or does business

The type and size of the business the customer runs

The legal structure of the customer’s business

The previous financial institutions where the customer has banked