[Mar 11, 2022] Get New CAMS Certification – Valid Exam Dumps Questions
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NEW QUESTION 192
Which action does the Financial Action Task Force (FATF) recommend be taken against jurisdictions that have strategic deficiencies?
- A. Apply counter-measures
- B. Create an action plan to address the deficiencies without the support of the FATF
- C. Conduct due diligence
- D. Add the jurisdiction to the United Nations' list of sanctioned jurisdictions
Answer: A
Explanation:
Explanation/Reference: http://www.fatf-gafi.org/publications/high-risk-and-other-monitored-jurisdictions/documents/public- statement-october-2018.html
NEW QUESTION 193
Which are common types of economic sanctions? (Choose three.)
- A. SWIFT network sanctions
- B. Sectoral sanctions
- C. Comprehensive sanction
- D. Technological sanctions
- E. Targeted sanctions
- F. Supervisory sanctions
Answer: A,C,E
NEW QUESTION 194
How can a 'free-look provision' as part of a life insurance policy help criminals to launder money?
- A. A policy owner has freedom to decide who the beneficiary of the policy will be and can in this way move money to a related third party.
- B. A policy owner has freedom to decide who the beneficiary of the policy will be and can in this way move money to an unrelated third party.
- C. A policy owner can decide how to pay the premium within a pre-defined period.
- D. A policy owner is able to terminate the contract without penalties such as surrender charges.
Answer: D
NEW QUESTION 195
What is operational risk?
- A. The potential for loss due to inadequate processes, people, systems, or external events
- B. The potential for loss of public confidence in an organization's integrity
- C. The potential for lawsuits, fines, and penalties increasing an organization's expenses
- D. The potential for loss resulting from too much credit or loan exposure to one borrower
Answer: A
NEW QUESTION 196
You need to evaluate trends in fuel prices during a period of 10 years. The solution must identify unusual fluctuations in prices and produce visual representations.
Which Azure Cognitive Services API should you use?
- A. Text Analytics
- B. Anomaly Detector
- C. Computer Vision
- D. Bing Autosuggest
Answer: B
Explanation:
The Anomaly Detector API enables you to monitor and detect abnormalities in your time series data with machine learning. The Anomaly Detector API adapts by automatically identifying and applying the best-fitting models to your data, regardless of industry, scenario, or data volume. Using your time series data, the API determines boundaries for anomaly detection, expected values, and which data points are anomalies.
References:
https://docs.microsoft.com/en-us/azure/cognitive-services/anomaly-detector/overview
NEW QUESTION 197
Your company has factories in 10 countries. Each factory contains several thousand IoT devices.
The devices present status and trending data on a dashboard.
You need to ingest the data from the IoT devices into a data warehouse.
Which two Microsoft Azure technologies should you use? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. Azure Data Lake
- B. Azure Batch
- C. Azure Data Factory
- D. Azure Stream Analytics
- E. an Azure HDInsight cluster
Answer: A,E
Explanation:
With Azure Data Lake Store (ADLS) serving as the hyper-scale storage layer and HDInsight serving as the Hadoop-based compute engine services. It can be used for prepping large amounts of data for insertion into a Data Warehouse References:
https://www.blue-granite.com/blog/azure-data-lake-analytics-holds-a-unique-spot-in-the-modern-data- architecture
NEW QUESTION 198
An anti-money laundering specialist at a financial institution has received a legal request to provide all transaction records for a specific individual since 2004. Which of the following item s should be delivered?
1. Monthly statements and transaction activities for that individual since 2004.
2. All wire transfers for that individual since 2004.
3. Signature cards from accounts opened by that individual since 2004.
4. All security trading activities for that individual since 2004.
- A. 1, 2, and 4 only
- B. 2, 3, and 4 only
- C. 1, 3, and 4 only
- D. 1, 2, and 3 only
Answer: A
NEW QUESTION 199
What is most valuable when using the internet as an investigative source?
- A. A reference list of websites known to yield credible information
- B. A powerful search engine
- C. A combination of independent thinking and technical skills
- D. A team of AML investigators
Answer: A
NEW QUESTION 200
What is most valuable when using the internet as an investigative source?
- A. A reference list of websites known to yield credible information
- B. A powerful search engine
- C. A combination of independent thinking and technical skills
- D. A team of AML investigators
Answer: A
NEW QUESTION 201
You plan to design a solution for an AI implementation that uses data from IoT devices.
You need to recommend a data storage solution for the IoT devices that meets the following requirements:
* Allow data to be queried in real-time as it streams into the solution.
* Provide the lowest amount of latency for loading data into the solution.
What should you include in the recommendation?
- A. a Microsoft Azure HDInsight Hadoop cluster
- B. a Microsoft Azure SQL database that has In-Memory OLTP enabled
- C. a Microsoft Azure Table Storage solution
- D. a Microsoft Azure HDInsight R Server cluster
Answer: A
Explanation:
You can use HDInsight to process streaming data that's received in real time from a variety of devices.
Internet of Things (IoT)
You can use HDInsight to build applications that extract critical insights from data. You can also use Azure Machine Learning on top of that to predict future trends for your business.
By combining enterprise-scale R analytics software with the power of Apache Hadoop and Apache Spark, Microsoft R Server for HDInsight gives you the scale and performance you need. Multi-threaded math libraries and transparent parallelization in R Server handle up to 1000x more data and up to 50x faster speeds than open-source R, which helps you to train more accurate models for better predictions.
References:
https://docs.microsoft.com/en-us/azure/hdinsight/hadoop/apache-hadoop-introduction
NEW QUESTION 202
An anti-money laundering officer for a financial institution has been conducting a monthly self assessment.
The officer reviews the accounts increase in compliance with a long standing know your Customer policy. The self- assessment for the latest month shows a significant increase in compliance deficiencies for the first time in more than a year. What is the nest course of action for the anti-money laundering officer to take?
- A. Determine if there is a readily identifiable cause for the deficiencies
- B. Implement a revision to the account-opening training program
- C. Inform the Board of Directors promptly of the Know Your Customer policy trend over the last six months.
- D. Revise the policy to simplify Know Your Customer compliance before the report is issued
Answer: B
NEW QUESTION 203
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.)
- A. Maintain account records for at least five years after the request expires
- B. Ask for a written request from the law enforcement agency that defines the duration
- C. File a suspicious transaction report on the account owner(s)
- D. Stop filing suspicious transaction reports because law enforcement will be monitoring the account
Answer: A,B
Explanation:
Explanation/Reference:
NEW QUESTION 204
Which action should an FIU consider taking when it has information that might be useful to another FIU?
- A. Take no action until contacted by the other FIU
- B. In accordance with Wolfsburg guidelines, submit the information to the other FIU in written form
- C. Supply the information to the other FIU spontaneously as soon as the relevance of sharing the information is identified
- D. Request approval from the Egmont Group prior to sharing the information with the other FIU
Answer: C
NEW QUESTION 205
Which of the following reflect money laundering risk indicators in relation to a securities account?
- A. Frequent wire transfers into an account immediately followed by checks (cheques) or other payment instruments drawn on the account.
- B. A high level of activity in that securities account immediately followed by a high volume of securities transactions.
- C. Frequent wire transfers into an account immediately followed by debit card transactions.
Answer: A,C
NEW QUESTION 206
An anti-money laundering officer is conducting employee reviews.
Which employee action warrants enhanced due diligence?
- A. The private banker has recently taken long vacations which caused staff members to fall behind in their work to help cover bank duties.
- B. The bank chief executive officer lives in a lavish home and has requested the board to approve a membership payment at an exclusive country club.
- C. The branch manager reviews the daily hold report and releases holds on non-cash items once the bank receives credit from the paying bank.
- D. The teller reviews customer profiles and makes notations of personal information to reportedly become familiar with bank customers.
Answer: C
NEW QUESTION 207
What should be part of an institution's monitoring and STR filing process? Choose 3 answers
- A. Review on a regular basis of all high-risk accounts and transactions
- B. Requirement that the Board of Directors approve the filing of an STR
- C. Review of STR filing trends and typologies
- D. Periodic training on the identification of red flags
Answer: A,C,D
NEW QUESTION 208
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
- A. signed written requests by a law enforcement agency or prosecutor on official letterhead for the account to remain open
- B. The institution's policies and procedures for closing an account
- C. Oral requests by a law enforcement agency or prosecutor for the account to be dosed
- D. The level of seriousness of the underlying conduct
Answer: A,B,C
NEW QUESTION 209
Which step should be taken to understand the types of financial institutions to whom the services are being offered when a correspondent bank permits "nested" relationships according to the Wolfsberg Group?
- A. Understand the type and volume of accounts serviced
- B. Evaluate the distribution of downstream correspondents and identify any direct or indirect issues
- C. Obtain independent audits or examination reports for "nested" relationships to determine risk levels
- D. Review peer-group clients by risk category
Answer: B
NEW QUESTION 210
What facilitates law enforcement agent obtaining evidence from authorities in a foreign country relating to criminal activity?
- A. Mutual Legal Assistance Treaties (MLAT)
- B. The World Wide Network of Information Sharing
- C. PatriotAct Communications System
- D. MLAT Executive Agreement
Answer: A
NEW QUESTION 211
An existing customer at a bank has recently expanded its services to provide check cashing for its customers.
Which factor indicates the bank should terminate this relationship?
- A. The business is now a Money Service Business and has not registered with FinCEN.
- B. The business has no previous experience with this service.
- C. The business has not updated its anticipated activity with the bank.
- D. The bank has not updated its automated monitoring system.
Answer: D
NEW QUESTION 212
What is true regarding disclosure to a law enforcement agency by a financial institution of the supporting documentation for a suspicious transaction report?
- A. A copy of all the documentation released must also be provided to the account holder's attorney
- B. Confirm that the request originated from a representative of the law enforcement agency
- C. Documentation must be provided as quickly as possible using email
- D. The financial institution may notify the account holder of the request
Answer: B
Explanation:
Explanation/Reference: https://www.sec.gov/about/offices/ocie/aml2007/fin-2007-g003.pdf
NEW QUESTION 213
To ensure that an institution's anti-money laundering program is current, which step should be taken?
- A. The program should be reviews by a federal law enforcement officer for gaps in controls
- B. The program should be sent to the institution's government regulator on a periodic basis
- C. The program should be evaluated and updated at least every six months be the Board of Directors
- D. The program should be reassessed at least annually
Answer: D
NEW QUESTION 214
The Basel Committee on Banking Supervision issued a paper in October 2001 in which it presented a Know Your Customer framework and recommended standards applicable to
- A. European Financial Institutions.
- B. Financial Intelligence Units.
- C. Offshore banking supervisors.
- D. banks in all countries.
Answer: A
NEW QUESTION 215
A large cash deposit most likely reflects money laundering when it is:
1. from a customer who has never conducted a transaction in cash before.
2. transacted in segments smaller than the reporting thresholds at various times during the day.
3. followed by an immediate wire transfer to an offshore secrecy haven.
4. by a customer who operates a cash-based business.
- A. 1, 2, and 3 only
- B. 2, 3, and 4 only
- C. 1, 3, and 4 only
- D. l, 2, and 4 only
Answer: A
NEW QUESTION 216
You need to build a solution to monitor Twitter. The solution must meet the following requirements:
* Send an email message to the marketing department when negative Twitter messages are detected.
* Run sentiment analysis on Twitter messages that mention specific tags.
* Use the least amount of custom code possible.
Which two services should you include in the solution? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
- A. Azure Cognitive Services
- B. Azure Stream Analytics
- C. Azure Databricks
- D. Azure Logic Apps
- E. Azure Functions
Answer: B,D
Explanation:
Explanation/Reference:
References:
https://docs.microsoft.com/en-us/azure/stream-analytics/streaming-technologies
https://docs.microsoft.com/en-us/azure/stream-analytics/stream-analytics-twitter-sentiment-analysis-trends
NEW QUESTION 217
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