Free Advanced CAMS-Financial Crimes Investigations Practice Questions

A.  

A specific description of the involved accounts and transactions, including the origination and application of funds

B.  

The purpose of the SAR/STR narrative and a general description of the known or alleged violation

C.  

Information about any follow-up actions conducted by the financial institution on the account

D.  

Any and all relevant facts about the parties who facilitated the suspicious activity or transactions

A.  

use internal keywords and standard industry terms to better provide context within which the suspicious activity was identified.

B.  

consider the guidelines issued by the national financial intelligence unit {FIU) and local regulator and incorporate any country-specific requirements.

C.  

include attachments with the SARs/STRs as all information needs to be at the disposal of the financial intelligence unit (FIU)

D.  

adhere to home junsdiction guidelines across the whole group when local requirements of the country of operation and home jurisdiction conflict.

A.  

The customer engages in large trading in securities that are liquid or highly priced from the trading account.

B.  

The customer's repeated trading in securities that are low priced and low volume counters.

C.  

The customer receives many incoming wire transfers from related parties to the trading account.

D.  

The customer accumulates securities of a low volume counter in small increments on a weekly basis.

A.  

Ability to pay larger ransoms

B.  

Weaker cybersecurity controls

C.  

Tendency not to contact law enforcement

D.  

Inability to recover the encrypted information