최신 Advanced-CAMS-Audit 무료덤프 - ACAMS Advanced CAMS-Audit Certification

문제1

An organization creates a document for its audit committee listing the outstanding audit findings. The list has an executive management owner assigned to each finding, due dates for reporting management's responses and space for management to identity the actions to be taken. Which is a primary purpose of this document?

A. Testing resiliency of proposed recommendations

B. Providing audit documentation of management responses

C. Documenting audit team validation testing

D. Tracking completion of proposed recommendations

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제2

What should the auditor look for to assess the adequacy of controls for non-profit organizations that are vulnerable to terrorist financing (TF) abuse? (Select Two.)

A. Testing of the customer's identifying information using reliable and independent source documents

B. Concealing of the secretive diversion of funds intended for legitimate purposes to terrorist organizations

C. The overall volume of cash deposit reporting for the quarter

D. Ongoing due diligence on the business relationship and scrutiny of transactions undertaken throughout the course of that relationship

E. Exploitation of legitimate entities as conduits for TF for the purpose of escaping asset-freezing measures

정답: B,D

설명: (DumpTOP 회원만 볼 수 있음)

문제3

A financial institution is auditing its correspondent banking relationships and their respective sanctions compliance programs. Which condition will merit a higher sample size assuming the correspondent banks have a moderate level of risk mitigation?

A. A customer base changing due to a merger in the domestic market

B. A well-known customer base m a localized environment

C. A fluctuating customer base in an international environment

D. A stable customer base in an international environment

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제4

The auditor finds that thecustomer risk assessment (CRA) is completed at initial onboarding and is repealed for each customer every other year. The auditor's observations should Include that the CRA should:

A. allow for sales oy third patties other than advisors since most of the customers are local residents.

B. be updated more often given the risk of the entity.

C. include an assessment of jurisdiction where the customer currently resides as this may have changed.

D. include a qualitative overlay that 95% of the products offered are subject to regulatory exemptions.

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제5

During a sample review, the auditor notices that an alert was generated for a large deposit that was inconsistent with the customer profile. The customer has had no other incidents in the past 10 years and has provided documents to confirm the deposit as a property sale. What should the auditor do?

A. Increase the sample size.

B. Consult with the compliance officer.

C. Document the conclusion within the audit work papers.

D. Carry out further investigation of this alert.

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제6

Which factors should be taken into consideration in designing a follow-up strategy when remedial action needs to be taken due to deficiencies identified in an AML audit?

A. Responsible action owner and internal audit commitment to follow up

B. Available resources and board of directors' commitment

C. Reporting the breach and the regulatory response

D. Target completion date and status update on remedial action

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제7

Which should the auditor recommend to management in terms of the client's risk rating procedures?

A. Remove enhanced due diligence requirements for long-standing clients that are art collectors and do not transact with precious metals.

B. Provide staff with training on new record retention requirements for occasional transactions.

C. Include an assessment of risk factors of channel, credit, and transaction risk to determine the client's composite AML and sanctions risk score.

D. Remediate client files to verify their AML and sanctions risk rating and document enhanced due diligence measures, where applicable.

정답: C

설명: (DumpTOP 회원만 볼 수 있음)

문제8

Which should be requested from a financial institution (FI) prior to beginning a data integrity review?

A. A report from the AML system showing the import of transactional data

B. A document from the vendor confirming the data integrity of the AML system's software

C. The FI's AML risk assessment

D. An end-to-end diagram that depicts core elements such as source systems and data flows

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

문제9

Which key risk indicator should the internal auditor consider when reviewing correspondent banking activities?

A. Number of correspondent banking relations terminated.

B. Size and stature of a respondent bank's operations in its home country.

C. Volume of transaction activity referred by the respondent bank.

D. Number of respondent banks located in higher risk jurisdictions.

정답: D

설명: (DumpTOP 회원만 볼 수 있음)

최신 Advanced-CAMS-Audit 무료덤프 - ACAMS Advanced CAMS-Audit Certification

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