CAMS Practice Test

CAMS Practice Test practice questions, page 26 of 26, with answer review and explanations.

Question 126

An anti-money laundering analyst is reviewing a new customer list to confirm potentially high risk customers have been identified and subject to enhanced due diligence. Which new customer warrants enhanced due diligence?

  1. A non-profit hospital
  2. A fundraising organization
  3. An employee benefit plan trust
  4. A medical practice limited partnership

Question 127

Which statement about a multinational institution's ability to fully investigate unusual activity in all its foreign operations is correct?

  1. Local privacy and data protection laws may prevent an affiliate from sharing information.
  2. Certain account documents may be stored only in local language which will prohibit a global assessment.
  3. The institution should consult with the customer and request permission to conduct a full investigation into all the accounts.
  4. Enterprise-wide compliance oversight rules issued in the global institution's headquarters country will override any local limitations in other countries.