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Download DemoVendor: ACAMS
Certifications: ACAMS Certifications
Exam Code: CAMS-FCI
Exam Name: Advanced CAMS-Financial Crimes Investigations
Updated: Dec 30, 2024
Q&As: 101
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Which pattern of activity most strongly indicates an individual is a foreign terrorist fighter?
A. A large purchase at a gas station immediately followed by several smaller purchases at an electronics store
B. A large cash advance on a credit card and purchases at travel and sporting goods websites
C. A series of small deposits followed by a large international wire to a well-known international charity
D. A series of small cash deposits made in rapid succession totaling just over 10,000 USD followed by a purchase at a jewelry store
Correct Answer: B
The pattern of activity that most strongly indicates an individual is a foreign terrorist fighter is a large cash advance on a credit card and purchases at travel and sporting goods websites. This is because this pattern may suggest that the individual is preparing to travel to a conflict zone and purchase equipment or supplies for terrorist activities. According to the United Nations Office on Drugs and Crime, some of the indicators of foreign terrorist fighters include1:
Sudden or increased financial activity, such as cash withdrawals, transfers, or deposits, especially in large amounts or involving foreign currency or locations. Purchases of travel-related items, such as airline tickets, passports, visas, luggage, or clothing, especially to or from high-risk destinations or transit hubs. Purchases of items that could be used for terrorist purposes, such as weapons, explosives, chemicals, communication devices, or survival gear. Changes in behavior, such as expressing radical views, cutting ties with family or friends, joining extremist groups, or displaying signs of emotional distress.
References:
Foreign Terrorist Fighters - United Nations Office on Drugs and Crime
A new customer has just been onboarded in a securities firm. After a few weeks, there are unusual trading patterns that are being flagged. Which pattern is most concerning to the compliance officer?
A. The customer engages in large trading in securities that are liquid or highly priced from the trading account.
B. The customer's repeated trading in securities that are low priced and low volume counters.
C. The customer receives many incoming wire transfers from related parties to the trading account.
D. The customer accumulates securities of a low volume counter in small increments on a weekly basis.
Correct Answer: D
The most concerning trading pattern for a compliance officer when a new customer has been onboarded in a securities firm is the customer accumulating securities of a low volume counter in small increments on a weekly basis. This type of
behavior could indicate that the customer is attempting to obscure their identity or the true purpose of their trading activity, which can be indicative of money laundering or other suspicious activity.
(CAMS Manual, 6th Edition, Page 170).
Which main vulnerability has led to an increase in the ransomware attacks perpetuated on small businesses?
A. Ability to pay larger ransoms
B. Weaker cybersecurity controls
C. Tendency not to contact law enforcement
D. Inability to recover the encrypted information
Correct Answer: B
Weaker cybersecurity controls are a main vulnerability that has led to an increase in ransomware attacks on small businesses, as they make them easier targets for cybercriminals who can exploit their systems and demand payment for restoring access to their data. The other options are not relevant to the vulnerability, as they relate to the consequences or responses of the victims.
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