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ACAMS Advanced-CAMS-Audit Exam Dumps Questions and Answers

Exam Code: Advanced-CAMS-Audit
Certification: AML Certifications
Vendor: ACAMS
Last Update: Jan 21, 2025
Questions: 90 With Expert Explanation
10  Customers Passed ACAMS Advanced-CAMS-Audit
90%  Average Success In Real Exam
95%  Questions came word by word from this dump
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Advanced CAMS-Audit Certification Exam Questions and Answers

Questions 1

A retail banking small and medium-sized enterprise (SME) customer launches a charity and requests a Corporate-SME account to receive donations and make disbursements. Which scenarios would most likely identify activity related to a charity account?(Select Two.)

Options:

A.

Scenario 1

B.

Scenario 4

C.

Scenario 5

D.

Scenario 6

E.

Scenario 7

Questions 2

When reviewing an entity's sanctions compliance program, the auditor should ensure who is exempt from the Office of Foreign Assets Control's regulations?

Options:

A.

US entities having branches outside the US

B.

Non-US entities having branches outside the US

C.

US citizens residing outside the

D.

Non-US citizens residing in the US

Questions 3

When assessing the KYC process which should an auditor observe from the customer risk assessment? (Select Two)

Options:

A.

Self-declaration or Beneficial ownership should not be accepted as it is not adequate.

B.

Overseas shareholders not involved in the customer's dally operations are not beneficial owners.

C.

The purpose and intended nature of the business relationship were not reviewed m the assessment.

D.

The ultimate beneficial owners of the customer need to be Identified and verified.

E.

If this was a face-to-face customer, the overall customer risk rating should be changed to low.