Cams Certification Practice Exam Answers Pdf Update 2024

Which is a key role of FATF-Style Regional Bodies (FSRBs)? A. Support the system of mutual evaluation B. Setting regional standards for combatting money laundering C. Bring additional terrorist financing laws into action in the region D. Enforce the specific FATF laws in the region {Ans: Answer: A}What is the format of the exam? {Ans: ● There are 120 multiple choice questions in the exam. ● The time limit to solve these questions is 3.5 hours (210 minutes). ● There is no negative marking in the exam therefore you should not leave any question unanswered. ● The test is MCQs based and for every question, you are given four to five options. ● There are some questions with single answers and some with multiple answers. For questions with multiple answers, you have to select all the correct answers to score a point. ● You need to earn at least 75 points (out of 120) in the exam.}To guard against acquisition or control of a financial institution by money launderers or their associates, what should supervisory agencies require? A. Adequate surety bonds, cash deposits, or equivalencies B. Comprehensive compliance programs C. Prospective owners have prior experience in the area