Latest Practice Tests

HOME
ALL EXAMS
SAP
Oracle
Microsoft
Cisco
Huawei
Amazon
CompTIA
Contact

Latest Practice Tests

HOME
ALL EXAMS
SAP
Oracle
Microsoft
Cisco
Huawei
Amazon
CompTIA
Contact

2023 Updated ACAMS CKYCA Dumps PDF – Want To Pass CKYCA Fast [Q18-Q38]

CKYCA ACAMS

admin -

March 31, 2023

4/5 - (1 vote)

2023 Updated ACAMS CKYCA Dumps PDF – Want To Pass CKYCA Fast

CKYCA Practice Exam Dumps – 99% Marks In ACAMS Exam

NO.18 When is comes to Enhanced Due Diligence (EDD) regulators require you to do a perfect job on the client.

TRUE.

FALSE.

NO.19 Who is your customer?

individuals, private companies, dodgy companies, others.

individuals, listed companies, some private companies, others.

individuals, listed companies, private companies, others.

only individuals, listed companies, some private companies

NO.20 The five components of the internal control framework are the overall control environment are risk assessment, control activities, communication, regulations, quality assurance?

Yes.

No.

NO.21 Data must be secure so that it cannot be hacked, stolen, or misused for other purposes?

True

False

Depends on the specifics.

NO.22 A hospitality worker brings deposits items that appear to be made from a cash intensive business. Is this a red flag?

Yes, anyone who brings that type of currency is likely involved to have received it from illegal means.

No, the customer profile for the hospitality worker fits their occupation.

It depends on the location, business, and feeling of the employee accepting the deposit.

NO.23 The KYC four step research is?

Assess, Organize, Explore, Past

Assess, Organize, Narrow, Present

Assess, Operations, Explore, Present

Assess, Organize, Explore, Present

NO.24 Jurisdictions with high risk usually have (SELECT 4)

Poor anti-money laundering regulations.

High levels of corruption

Inadequate regulatory and judicial frameworks to prevent terror financing

Poverty

Host shell and shelf companies.

NO.25 Is collecting identification a legal requirement in jurisdictions?

Yes.

No.

Most.

NO.26 What is the Second Line of Defense? (SLOD)

The ________ line of defense is internal audit. They perform an independent review of the controls applied by the lines of defense.

The _______ line of defense is also known as the front line, these customer-facing employees are best-equipped to get the information you need for your customer due diligence. Can include Operations, risk, and control teams.

The _______ line of defense is the compliance and internal control functions. That includes the chief money laundering reporting officer, or MLRO, in charge of managing and monitoring AML and CFT activities.

NO.27 Most Organizations Use the three risk classifications for customers.
What are they? (SELECT 3)

High.

Moderate.

Low.

Medium.

Very High.

EDD-High.

NO.28 The four step model is a model designed to?

Improve the quality of your KYC Program.

Improve the quality of your KYC Research.

Improve the quality of your KYC Files.

Improve the quality of the KYC Rule.

NO.29 What Boolean operator words can be used in for searching in EDD? (SELECT 2)

AND.

PLUS.

EQUAL.

OR.

NO.30 What industries are often exploited by criminals (SELECT 3)

Insurance.

Charities Non Profits.

Broker Dealers.

Dealers in high value goods.

Casinos.

NO.31 What is an example of secondary identification in a customers CIP program? (SELECT 3)

Identification from a utility company.

Identification from a registry of secretary of state.

Identification from a college.

Identification from securities and exchange commission. (SEC)

Identification from another financial institution.

NO.32 What are the two types of Politically Exposed Persons (PEPS) that are identified by The Financial Action Task Force? (SELECT 2)

Domestic PEPs are individuals who are or have been entrusted domestically with prominent public functions.

Domestic PEPs are individuals who are or have been entrusted domestically with prominent non-public functions.

Foreign PEPs are individuals who are or have been entrusted with prominent public functions by a foreign country.

Foreign PEPs are individuals who are or have been entrusted with prominent public functions by a domestic country.

NO.33 For secondary forms of non-documentary verification. Is the act of someone from the institution ringing up the individual and confirming the verification sufficient?

Yes.

No.

Depends on the client.

NO.34 What a is supranational organization below? (SELECT 3)

World Trade Organization

Australian Transaction Reports and Analysis Centre.

Singapore’s Ministry of Law.

United Nations

European Union.

NO.35 A shell company or corporation is a company that, at the time of incorporation, has no significant? (SELECT 2)

Assets.

Employees.

Funds.

Operations.

NO.36 Shell and Shelf Companies are usually what level of customer risk?

Low.

Medium.

High.

Immediately Rejected due to their business profile.

NO.37 Delivery Channel Risk is associated with? (SELECT 3)

Correspondent banks.

Savings accounts

Payable through accounts.

Deposit accounts

Concentration accounts

NO.38 A person disclosing to any other person, information or any other matter, which is likely to prejudice a money laundering investigation is known to be?

Dripping off

Ripping off

Tipping off

Dipping off

Loading …