ACAMS CKYCA Premium Exam Engine pdf - Download Free Updated 72 Questions
Verified CKYCA Bundle Real Exam Dumps PDF
NEW QUESTION # 13
CDD encompasses the entire lifecycle of due diligence?
- A. CIP, CDD, EDD.
- B. CDD, EDD, SDD.
- C. CIP, SDD, EDD.
- D. CIP, EDD, SDD.
Answer: C
NEW QUESTION # 14
What is the overall purpose of KYC?
- A. To manage the risk posed by customers.
- B. To manage the risk posed by Terrorist Financing
- C. To manage the risk posed by financial services industry.
- D. To manage the risk posed by Money Laundering.
Answer: A
NEW QUESTION # 15
What is the Primary Money Laundering Regulation in the United Kingdom?
- A. Proceeds of Terrorism Act
- B. The Money Laundering and Terrorist Financing (Amendment) Regulation 2019
- C. UK AML Sanctions Regime
- D. Proceeds of Crime Act
Answer: B
NEW QUESTION # 16
Which documents rates countries based on their money laundering controls and corruption? (SELECT 2)
- A. Transparency International's Corruption Perceptions Index
- B. US State Department's annual International Narcotics Control Strategy Report
- C. Transparency International's Corruption Perceptions Index
- D. United Nations report on Money Laundering Controls
- E. Financial Action Task Forces red flags related to jurisdiction risk
Answer: A,B
NEW QUESTION # 17
The four step model is a model designed to?
- A. Improve the quality of the KYC Rule.
- B. Improve the quality of your KYC Files.
- C. Improve the quality of your KYC Program.
- D. Improve the quality of your KYC Research.
Answer: D
NEW QUESTION # 18
The minimum level of Customer Due Diligence that is required when opening a new account includes the following? (SELECT 4)
What type of locations is the account going to be transacting with. (Correct)
Why this account is being opened? (Correct)
What type of people does the customer associate with?
- A. The frequency and expected amounts of those transactions?
- B. What sorts of transactions you should anticipate?
Answer: B
NEW QUESTION # 19
The KYC four step research is?
- A. Assess, Organize, Explore, Past
- B. Assess, Organize, Narrow, Present
- C. Assess, Operations, Explore, Present
- D. Assess, Organize, Explore, Present
Answer: D
NEW QUESTION # 20
KYC does not end after on-boarding a customer. (TRUE OR FALSE)
- A. False.
- B. True.
Answer: B
NEW QUESTION # 21
What is an example of secondary identification in a customers CIP program? (SELECT 3)
- A. Identification from securities and exchange commission. (SEC)
- B. Identification from another financial institution.
- C. Identification from a college.
- D. Identification from a utility company.
- E. Identification from a registry of secretary of state.
Answer: B,C,D
NEW QUESTION # 22
Jurisdictions with high risk usually have (SELECT 4)
- A. Poor anti-money laundering regulations.
- B. Inadequate regulatory and judicial frameworks to prevent terror financing
- C. Poverty
- D. Host shell and shelf companies.
- E. High levels of corruption
Answer: A,B,D,E
NEW QUESTION # 23
What risk increases with non-face-to-face business relationships or transactions, or when payments are sent to or received from unknown or unassociated third parties.
- A. Channel Risk
- B. Financial Crime Risk.
- C. Operational Risk.
- D. Remittance Risk
Answer: A
NEW QUESTION # 24
A shell company or corporation is a company that, at the time of incorporation, has no significant? (SELECT 2)
- A. Operations.
- B. Employees.
- C. Funds.
- D. Assets.
Answer: A,D
NEW QUESTION # 25
What is the Primary legislation for Money Laundering in the United States?
- A. Anti-Drug Abuse Act of 1988
- B. Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act)
- C. Money Laundering and Financial Crimes Strategy Act (1998)
- D. Money Laundering Control Act of 1986
- E. Bank Secrecy Act (1970)
Answer: E
NEW QUESTION # 26
What Boolean operator words can be used in for searching in EDD? (SELECT 2)
- A. OR.
- B. EQUAL.
- C. AND.
- D. PLUS.
Answer: A,C
NEW QUESTION # 27
What is the purpose of having controls to Know Your Customer, also known as KYC?
- A. Manage the compliance risk of your customer.
- B. Manage the financial crime risk to your organization.
- C. Manage the compliance risk of your organization.
- D. Manage the financial crime risk to your customer.
Answer: B
NEW QUESTION # 28
Most Organizations Use the three risk classifications for customers.
What are they? (SELECT 3)
- A. Medium.
- B. EDD-High.
- C. High.
- D. Very High.
- E. Moderate.
- F. Low.
Answer: A,C,F
NEW QUESTION # 29
If a customer is a PEP and they are using private wealth services from banks, and also appear to have obtained a fair amount of wealth is this a red flag?
- A. Depends on the exact circumstances.
- B. No.
- C. Yes.
Answer: C
NEW QUESTION # 30
What is legal risk? (SELECT 2)
- A. An employee who commits a crime unrelated to the organization.
- B. An organization breaks laws when doing business.
- C. A warning from a regulator.
- D. An employee who commits a crime unrelated to the organization.
Answer: B,D
NEW QUESTION # 31
The overall customer risk rating is usually derived as a composite of the following four categories of risk in money laundering prevention.
What are the those four?
- A. Client, Jurisdiction, Selected Products, and Channel.
- B. Customer, Jurisdiction, Product, and Sub-Channel.
- C. Customer, Jurisdiction, Product, and Channel.
- D. Client, Jurisdiction, Product, and Sub-Channel.
Answer: C
NEW QUESTION # 32
......
Pass Your ACAMS Exam with CKYCA Exam Dumps: https://validtorrent.prep4pass.com/CKYCA_exam-braindumps.html
