CAMS-FCI最も有効な質問と解答で勉強

Why is a more robust supervisory approach needed by regulators when overseeing small- and medium-sized money service businesses (MSBs) compared to larger MSBs for combatting terrorist financing (TF)?

• A. Small- and medium-sized MSBs need to be targeted to ensure that competition in the industry remains constant and uniform.
• B. Small- and medium-sized MSBs are more at risk of allowing transactions linked to TF due to the lack of skilled compliance resources.
• C. Small- and medium-sized MSBs need to be robustly supervised so the regulator can maintain visibility in combatting TF.
• D. Small- and medium-sized MSBs are more likely to falsify records to appear less risky in order to keep the banking relationship.

A financial regulator is evaluating the effectiveness of a financial institution's (Fl) anti-financial crime program. Which condition should be met to satisfy the regulator?

• A. The program meets the minimum requirements of anti-financial crime standards, which are published by a financial industry association.
• B. The program is aligned with the financial industry's anti-financial crime priorities.
• C. The program is drafted using a risk-based approach to avoid the Fl being used as a conduit for criminal activities.
• D. In the past 3 years, internal auditing results show no high-severity issues and a maximum of three medium-seventy and four low-severity issues.

An unusual spike in activity has occurred for a customer who is a supplier of aviation parts to a military force.
The customer's current line of business is consistent with the banks records, and no adverse media hits have occurred. Which is the best reason for an investigator to continue an investigation?

• A. The customer is a supplier of aviation parts.
• B. The current line of business is consistent with the bank's records.
• C. There are no adverse media hits.
• D. The end-user is a military force.

A KYC specialist from the first line of defense at a bank initiates an internal escalation based on a letter of credit received by the bank.
MEMO
To: Jane Doe. Compliance Manager, Bank B From: Jack Brown, KYC Specialist, Bank B RE: Concerning letter of credit A letter of credit (LC) was received from a correspondent bank.
Bank A. in Country A. in Asia with strict capital controls, providing guarantee of payment to Bank B's client for the export of 10 luxury cars located in Country B. located in Europe. Bank A's customer is a general in the army where Bank A is headquartered.
The information contained in the LC is as follows:
* Advising amount per unit 30.000.00 EU *10 units of BMW
* Model IX3
* Year of registration: 2020
Upon checks on Bank B's client, the exporter mentioned that the transactions were particularly important, and a fast process would be much appreciated in order to avoid reputational damage to the firm and the banks involved in the trade finance process. The exporter has a longstanding relationship with Bank B and was clearly a good income generator. The exporter indicated that, as a general, the importer was trustworthy.
The relationship manager <RM) was contacted to conduct a full review of the exporter and to conduct a site visit.
Feedback from the RM:
The RM contacted the exporter for a client courtesy visit, but it was rearranged four times as the exporter kept cancelling the appointments. When the exporter was finally pinned down for an interview, employees were reluctant to provide clear answers about the basis of the transaction. The employees were evasive when asked about the wider business and trade activity in the country.
Findings from the investigation from various internal and external sources of information:
* There were no negative news or sanctions hits on the exporter company, directors, and shareholders.
* The registered address of the exporting business was a residential address.
* The price of the cats was checked and confirmed to be significantly below the market price of approximately 70,000 EU, based on manufacturer's new price guide.
* The key controllers behind the exporting company, that is the directors and During the investigation, the investigator determines that a nephew of the general (Bank A's customer) is a customer at Bank B.
Which step should the investigator take next?

• A. Flag the nephew as a PEP by association.
• B. File a SAR/STR in relation to corruption involving the nephew and the general.
• C. Determine whether there is a business relationship between the nephew and the general.
• D. Seek senior management approval to continue the relationship with the nephew.

Which reputations risk consequence could a financial entity face for violating AML laws?

• A. Monetary penalties
• B. Increased audit costs to monitor behavior
• C. Loss of high-profile customers
• D. Seizure of assets