2025 Updated ACAMS Advanced-CAMS-Audit Dumps PDF – Want To Pass Advanced-CAMS-Audit Fast [Q43-Q67]

QUESTION 43
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?

QUESTION 44
What should an auditor verify when auditing areas with previously identified AMI deficiencies?

QUESTION 45
Suspicious activity report testing in the last three audits did not identify any metrics to indicate that volume vanes dramatically each month. Which step should the auditor take next?

QUESTION 46
During the ongoing due diligence process the company becomes aware that the customer is holding personal assets for a politically exposed person (PEP). What should the auditor recommend to enhance the control environment for this customer relationship? (Select Three.)

QUESTION 47
A recent regulatory examination identified serious deficiencies in the AML program. Which action should the organization take first?

QUESTION 48
Which KYC-related finding poses the most risk to the organization?

QUESTION 49
Which is a true statement about the computer-assisted audit tool (CAAT)?

QUESTION 50
Which conclusion should the auditor make regarding the staff attendance of the periodic AML training program organized by the bank?

QUESTION 51
The auditor finds that thecustomer risk assessment (CRA) is completed at initial onboarding and is repealed for each customer every other year.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:

QUESTION 52
While reviewing a sample of trade financing documents in a financial institution, an auditor notes that there were instances of potential overvaluation and undervaluation of goods. The auditor intends to check if these were detected and escalated. Which is a reason for such overvaluation and undervaluation?

QUESTION 53
Which is considered a minimum requirement in a customer identification program?

QUESTION 54
What conclusion should the auditor make regarding AML training for outsourced AML providers?

QUESTION 55
What model test verifies that alerts indicative of potentially suspicious activity are not missed due to threshold settings?

QUESTION 56
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?

QUESTION 57
When sample testing client transaction records, the auditor finds that a client offered to sell a piece of art on a commission basis. A sale was completed and the purchase price was remitted to the client with less commission. What further investigation should the auditor undertake?

QUESTION 58
Which are the most important documents for an auditor to verify that a financial institution has proper controls in place for mitigating its money laundering risk exposure? (Select Two.)

QUESTION 59
Findings from a financial institution’s (Fl’s) regulatory examination suggest that several unidentified risks pose a serious threat. The Fl identifies the risks and implements a set of controls to mitigate those risks.
Which type of risk considers the controls’ effectiveness?

QUESTION 60
The scoping and planning process of an AML audit of a bank is best guided by review of which document?

QUESTION 61
The standard audit report format requires that an executive summary of the findings is included. Which statement is most appropriate for summarizing detailed findings’?

QUESTION 62
Which task should an auditor complete first when preparing to audit the client risk scoring methodology?

QUESTION 63
Which key elements of testing methodology should be documented? (Select Three.)

QUESTION 64
When assessing the effectiveness of a transaction monitoring system, which indicators require active monitoring by the auditor or compliance’? (Select Two.)

QUESTION 65
Which requirement of a financial institution’s compliance program should an auditor review first to understand key roles and responsibilities?

QUESTION 66
Which should the auditor recommend to management in terms of the client’s risk rating procedures?

QUESTION 67
Which should be evaluated when analyzing components of risk mitigation in an AML risk assessment?
(Select Two.)