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  5. Certified Anti-Money Laundering Specialist (CAMS7 the 7th edition) Questions and Answers

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Questions # 91:

The chief compliance officer (CCO) at a bank approved offering trade finance services to a company which is established within a country with a weak democratic system routinely reviews news on upcoming targeted economic sanction regulations in the EU, a major import partner for the country's production of crude oil.

Which of the following pieces of news would be of greatest concern?

Options:
A.

The European Commission and the High Representative issue a joint proposal for an import ban on refined oil products.

B.

The European Commission and the High Representative issue a joint proposal for an import ban on oil extraction equipment

C.

The Council of the European Union adopts a new export control regime for electronic equipment

D.

The Council of the European Union adopts a new import restriction regime for goods coming from countries that do not respect human rights

Expert Solution
Questions # 92:

A financial institution is exploring automation to assist investigators in reviewing flagged transactions. Currently, investigators spend a significant amount of time gathering data from multiple sources.

Which of the following automation features would be most effective in improving investigator efficiency?

Options:
A.

Pre-populated templates for SAR filing

B.

Integration of open-source tools to gather real-time intelligence

C.

Automated case prioritization based on risk scoring

D.

AI-powered dashboards summarizing flagged transactions

Expert Solution
Questions # 93:

Which of the below is a core function of a financial intelligence unit (FIU) as described in FATF Recommendation 29?

Options:
A.

Sponsoring the research and development of advanced technological surveillance tools to be used nationally

B.

Prosecuting significant cases of money laundering or terrorist financing falling under national jurisdiction

C.

Sharing real-time criminal intelligence gathered from national law enforcement agencies with the private sector

D.

Serving as a national center for the collection and analysis of suspicious activity

Expert Solution
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