ACAMS-Certified Anti Money Laundering Specialist

Why do trusts established in certain offshore jurisdictions make good vehicles to launder money?

What are three indicators of money laundering associated with using electronic funds transfers? Choose 3 answers

A quarterly review is conducted on a retail customer's account at a bank located in a jurisdiction with currency reporting thresholds. A number of large deposits of financial instruments drawn on other institutions in amounts under thresholds were noted. This activity did not fit the account's historical profile. A suspicious transaction report will most likely be filed if what also occurred?

What kind of person should perform the independent testing of an institution's anti-money laundering program?

What is suspicious activity or red flag with regard to a customer's activity? Choose 3 answers

Which customer transaction with a securities dealer would indicate the highest suspicion of money laundering?

An anti-money laundering specialist has just developed and implemented an anti-money laundering program. What is the most effective resource to evaluate the effectiveness of the program?

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?

To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require?

What should an effective anti-money laundering training program include?