斓滌嫚 Advanced-CAMS-Audit 氍措雿ろ攧 - ACAMS Advanced CAMS-Audit Certification

A. 11.3

B. 11.2

C. 13.1

D. 12.2

E. 12.1

A. Monitor the risks of noncompliance with applicable laws and regulations.

B. Execute the corrective action plan.

C. Periodically evaluate the effectiveness of processes and controls.

D. Perform quality assurance testing of transaction monitoring.

A. Set up a checkpoint before release to make sure that the release is in accordance with the specifications.

B. Check periodically if released rules are operating as per the specifications.

C. Alert the person incharge of releasing the model that me release must comply with the specifications.

D. Report this matter to the board of directors.

E. Tram KYC personnel to recognize errors in the customer risk rating model.

A. Select an audit firm based on recommendations from the AMI compliance officer.

B. Ensure that the scope of the audit and the experience of the auditors match the needs of the Fl.

C. Choose an audit firm based on price consideration and geographic location.

D. Investigate whether the audit firm has conducted prior audits with the Fl.

A. Evidence indicated inconsistent application of the client risk rating procedures and lack of evidence of enhanced due diligence measures for higher risk clients.

B. Deletion of transaction records for completed occasional transactions is operationally an efficient practice.

C. Although the evidence of enhanced due diligence performed was not available audit was satisfied that the risk of higher risk clients has been appropriately mitigated.

D. The dealers have assured they are able to identify long-standing regular clients that are typically collectors and customers for occasional transactions.

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

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

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

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

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

A. Cryptocurrency threat assessment

B. Mandatory training requirements

C. Financial results reporting

D. Credit risk assessment

E. Suspicious activity reporting

F. Documentation record keeping

A. Review the CDD onboarding policies and procedures to determine the criteria for selection.

B. Evaluate quality assurance processes tor onboarding new clients.

C. Initially sample 10% of new clients onboarded.

D. Request a list of high-risk clients onboarded from management.

A. Type of customer (Trust. Company Individual)

B. Age (Years)

C. Residence (Country)

D. Risk factors (Y/N. if Y please specify)

E. Photo ID taken (Passport Driver's License. Other)

F. Annual premium (S)