ACFCS CFCS : Financial Crime Specialist

Real exam environment

Our windows software of the study materials are designed to simulate the real test environment. If you want to experience the real test environment, you must install our CFCS preparation questions on windows software. Also, it only support running on Java environment. If you do not install the system, the system will automatically download to ensure the normal operation. Most people are nervous and anxious to take part in the CFCS exam for the first time. Then it is easy for them to make mistakes. So it is important to get familiar with the real test environment. Also, the real test environment of the study materials can help you control time. After all, you must submit your practice in limited time in CFCS practice materials.

Automatic generation of the report

Once you submit your practice, the system of our CFCS exam quiz will automatically generate a report. The system is highly flexible, which has short reaction time. So you will quickly get a feedback about your exercises of the CFCS preparation questions. Before you choose to end your practices of the study materials, the screen will display the questions you have done, which help you check again to ensure all questions of study materials are well finished. The report includes your scores of the CFCS practice materials. Also, it will display how many questions of the study materials you do correctly and mistakenly. In a word, you can compensate for your weakness and change a correct review plan of the study materials. Our online CFCS exam quiz is intelligent and powerful. It deserves your choice.

Successful people are never satisfying their current achievements. So they never stop challenging themselves. If you refuse to be an ordinary person, come to learn our CFCS preparation questions. Our study materials will broaden your horizons and knowledge. Many people have benefited from learning our study materials. Most of them have realized their dreams and became successful. If you are still afraid of trying our CFCS exam quiz, you will never have a chance to grow. Opportunities are always for those who prepare themselves well. The only way to harvest wealth is challenging all the time. Our CFCS practice materials are waiting for you. Cheer up for yourself.

Three versions for your convenience

In order to meet a wide range of tastes, our company has developed the three versions of the CFCS preparation questions, which includes PDF version, online test engine and windows software. According to your own budget and choice, you can choose the most suitable one for you. All popular official tests have been included in our study materials. So you can have wide choices. In fact, all of the three versions of the CFCS practice materials are outstanding. You will enjoy different learning interests under the guidance of the three versions of study materials. Also, there will have no extra restrictions to your learning because different versions have different merits. All in all, you will not be forced to buy all versions. You have the final right to select. Please consider our CFCS exam quiz carefully.

ACFCS CFCS Exam Syllabus Topics:

ACFCS Financial Crime Specialist Sample Questions:

Question 1

During a sanctions compliance training session, an employee asks about the consequences of facilitating transactions involving individuals or entities on a sanctions list. What is the most accurate response to the employee's inquiry?

A. Facilitating transactions involving sanctioned individuals or entities may result in civil penalties but not criminal charges.
B. Facilitating transactions involving sanctioned individuals or entities is permissible if authorized by senior management.
C. Facilitating transactions involving sanctioned individuals or entities may result in both civil and criminal penalties.
D. Facilitating transactions involving sanctioned individuals or entities is permissible if the transactions are conducted in foreign currency.

Question 2

The Director of Purchasing at Company A in the US is in charge of purchasing raw materials for vehicle manufacturing. To his supervisors the director appears to live a lifestyle well above his annual salary at the company You are asked to perform a financial investigation lo identify any red flags in Ihe purchasing / inventory departments.
Which two are red flags? Choose 2 answers

A. There is little excess inventory and the company has a high inventory turnover
B. There is a high volume of purchases from new vendors
C. There has been an increase in inventory purchases but no increase in sales
D. There has been a decrease in inventory purchases but no decrease in sales

Question 3

You are a law enforcement agent investigating an associate of Country X's former prime minister who is suspected of helping high-level government officials facilitate a scheme to misappropriate hundreds of millions of dollars in public funds. During your investigations, you uncovered a network of legal entities that you believe have been used to transfer and conceal the proceeds of this corruption scheme.
Through public record searches requests to law enforcement in other jurisdictions and subpoenas to financial institutions you have outlined the following arrangement.
* The associate contacted a relationship manager at a small private bank based in Country X to open a private bank account
* The associate's attorney created an offshore investment company Tropico, Ltd that holds the private banking account
* The associates attorney then appointed three shelf companies formed in Panama as Tropico's directors
* A fourth shelf company formed in the Cayman Islands was named as the primary shareholder You are now trying to determine the true owners behind the funds and assets concealed through this corporate structure Wh.ch is the MOST effect.ve next steptoidentify these individuals?

A. Obtain a subpoena that requires the relationship manager to provide testimony on the ownership structure of the legal entities
B. Obtain articles of incorporation for the shelf company formed in the Cayman Islands that was listed as primary shareholder
C. Obtain transaction records from the private bank to determine who transferred funds into the account after it was established
D. Obtain articles of incorporation for the three shelf companies formed in Panama and listed as Tropics directors

Question 4

During a sanctions compliance training session, an employee asks about the implications of conducting transactions with individuals or entities on the OFAC Sectoral Sanctions Identifications (SSI) list. What is the most accurate response to the employee's inquiry?

A. Conducting transactions with individuals or entities on the OFAC SSI list may result in both regulatory penalties and reputational damage.
B. Conducting transactions with individuals or entities on the OFAC SSI list is permissible if the transactions are below a certain monetary threshold.
C. Conducting transactions with individuals or entities on the OFAC SSI list is permissible if authorized by senior management.
D. Conducting transactions with individuals or entities on the OFAC SSI list may result in reputational damage but not regulatory penalties.

Question 5

A U.S. citizen applies lo open a bank account in a local bank in a non-US jurisdiction with a Model II Agreement with an initial deposit of S75.000 USD The bank has a substantial correspondent banking relationship with U.S banks and wants to remain in good standing with its U S counterparts.
Which statement is true about this bank?

A. The bank must filewithFINCENnotifyingthem of the opening of theaccount
B. The bank is required to report certain details about the account to the U S Internal Revenue Service (IRS)
C. The bank must institute a 30% withholding on the account
D. The bank must refuseto open the account unless the US citizen has filed a Form 8938 with his US tax return

Solutions: