ExamBoosts CAMS Dumps Real Exam Questions Test Engine Dumps Training [Q62-Q84]

NO.62 What is one recommendation of the Basel Committee’s 2001 paper Customer Due Diligence for Banks”?

NO.63 A compliance officer at a large financial institution has been tasked by senior management to lead a team in an internal review and potential revision of the institution’s customer onboarding program following a regulatory enforcement action of another institution.
Which step should the compliance officer perform first?

NO.64 A client who owns a swimming pool company requests to open 19 accounts at a bank, each with a debit card for its swimming pool technicians. When asked about the purpose of each account, the client explains that each technician needs a separate checking account to purchase pool chemicals.
Which available source could be used in the bank’s internal investigation on this client’s activities?

NO.65 Which practices are dealers in antiques, precious metals, precious stones, jewelry, and art advised to follow to reduce the element of money laundering risk? Choose 3 answers

NO.66 An immigrant residing in the United States opens a bank account that includes a debit card. Several months later, the transactional monitoring system identifies small deposits into the account followed by corresponding ATM withdrawals from a country bordering a conflict zone.
How should the bank respond?

NO.67 Enhanced due diligence (EDD) may be bypassed for which situation?

NO.68 What was the topic the Wolfsberg Group’s first guidance addressed?

NO.69 You need to create a prototype of a bot to demonstrate a user performing a task. The demonstration will use the Bot Framework Emulator.
Which botbuilder CLI tool should you use to create the prototype?

NO.70 A Money Laundering Reporting Officer’s (MLRO) lack of action led to deficiencies in the bank’s AML program and a civil monetary penalty being levied against the MLRO. Why was this direct action taken against the MLRO?

NO.71 Since its last regulatory examination, a financial institution has aggressively grown by adding profitable new products and services. The institution has not historically received regulatory criticism regarding its anti-money laundering compliance program.
However, a recent regulatory examination cited significant deficiencies in the anti-money laundering program that were attributed primarily to the lack of oversight by the institution’s leadership in implementing adequate controls over the new products and services.
Which area of international control should leadership first address to correct the weaknesses in the program?

NO.72 Normal account-opening procedures reveal a customer who contacted a financial institution to open a bank account is the brother of a prominent member of a foreign judiciary. Which of the following actions should the anti-money laundering specialist recommend immediately?

NO.73 In reviewing recent activity, a compliance officer for a money transmitter that several customers are each remitting the same amount of money but much more frequently.
How should the institution respond?

NO.74 How should a compliance officer respond to law enforcement agencies’ request for information on a customer undergoing an investigation?

NO.75 Which trading pattern may be indicative of money laundering in capital markets?

NO.76 Which red flag indicates high potential for money laundering in a real estate purchase?

NO.77 Which three areas do FATF’s 40 recommendations cover? Choose 3 answers

NO.78 CORRECT TEXT
According to the Financial Action Task Force 40 Recommendations, simplified customer due diligence or reduced measures could be acceptable for which of the following types of products or transactions?
1.Life insurance policies where the annual premium is no more than USD/EUR 1,000 or a single premium of no more than USD/EUR 2,500.
2.Insurance policies for pension schemes if there is no surrender clause and the policy cannot be used as collateral.
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4.Trusts where the settlor, trustee and beneficiaries are identified and the shares are in bearer form.

NO.79 An anti-money laundering officer is conducting employee reviews.
Which employee action warrants enhanced due diligence?

NO.80 Which is the main objective when a financial institution (FI) conducts an investigation?

NO.81 Your company has a data team of Transact-SQL experts.
You plan to ingest data from multiple sources into Azure Event Hubs.
You need to recommend which technology the data team should use to move and query data from Event Hubs to Azure Storage. The solution must leverage the data team’s existing skills.
What is the best recommendation to achieve the goal? More than one answer choice may achieve the goal.

NO.82 You are developing a Computer Vision application.
You plan to use a workflow that will load data from an on-premises database to Azure Blob storage, and then connect to an Azure Machine Learning service.
What should you use to orchestrate the workflow?

NO.83 What is a tool governments and multi-national bodies can use to prevent the proliferation of weapons of mass destruction?

NO.84 Which are social/economic consequences of money laundering? (Choose two.)