Acams Certification Exam Study Guide Practice Questions And Answers _ 2024

Of the following scenarios, which two are potential red flags indicating possible suspicious activity that should be investigated further? A. A large family with multiple accounts held in the name of different family members B. Accounts held for a business in a branch that is located on the other side of town from where the business is located C. An individual who holds multiple accounts under the same name D. A company that has multiple accounts, one for each of their various subsidiary businesses {Ans: b & c}Which three of the following statements are true in respect to the Fourth EU Anti-Money Laundering Directive? A. Member countries can decide when and if they incorporate it into their local laws. B. It repeals and replaces the Third EU Directive on Anti-Money Laundering. C. Each member country must hold beneficial ownership information in a central registry and it must be made available to competent authorities. D. The definition of a PEP is expanded to include domestic persons. {Ans: b, c & d}What are three of the recommended ways to respond to a law enforcement inquiry? A. Cooperate with the law enforcement inquiry as much as possible. B. Respond to all