Acams Question No 9

Question No 9:

Which of the following is the most difficult regulatory challenge facing a foreign financial institution with a correspondent banking relationship in the U.S.?

A. USA Patriot Act.
B. Basel Due Diligence Principles for Banks.
C. FATF Guidance on Terrorist Financing.
D. UN Security Council Resolution on Correspondent Banking.

Answer: A

ENI S.p.A. (NYSE:E) Analyst Rating Update

Up to 6 brokerages evaluated ENI SpA (NYSE: F) 3. Research Zacks analysts rated the company at 5, suggesting traders with a strong sell recommendation for the short term. 1 evaluated as strong sales analysts. Sale was recommended by an analyst. The stock has earned a place on the waiting list two securities analysts. 1 Analysts have suggested to buy the shares. 1 analysts consider the company as a strong membership.

Shares of ENI SpA (NYSE: F) ended Monday's session in red in volatile trading environment. The stock closed down 0.13 points or 0.39% to $ 33.01 in trading 260,534 shares. Post opening session $ 32.58, the shares hit an intraday low of $ 32.36 and an intraday high of $ 33.01 and the price hovered in this range throughout the day. The company has a market capitalization of $ 59,982 million and the number of shares outstanding were calculated to be 1,817,092,000 shares. The 52-week high of ENI SpA (NYSE: F) is $ 49.38 and 52 weeks was $ 30.03.

Eni SpA shares appreciated by 3.22% over the past five trading days, but lost 5.63% on the basis of four weeks. Eni SpA fell 6.94% over the last 3 months. Year performance to date of the action is at -2.38%.

Institutional investors have a 1.3% share of the Company. In the last three months, 13% of the total institutional ownership has changed in the shares of the company.

Eni SpA is a leading multinational oil and gas company based in Italy. It works with seven segments. The Refining and Marketing segment focuses on refining and marketing of petroleum products. Eni Trading Group covers services in commercial products, shipping and derivatives. Chemicals covers the production and sale of petrochemicals. It includes engineering and construction services for the oil and gas. Exploration and Production is focused on the exploration, development and production of oil and natural gas. The Gas & Power supply, regasification, transportation, storage, distribution and marketing of natural gas, electricity generation and sale of electricity. The Other Activities segment manages the financial components and services. In January 2014, it sold a 60% stake in Russia's Arctic Yamal development. In February 2014, the Company acquired a 51% stake in Acam Clienti SpA; Following the acquistion, the Company holds all the shares ACAMS.

Acams Question No 8

Question No 8:

Which were the Basel Committee's two main motivations to encourage strong Know Your Customer programs in its paper "Customer Due Diligence for Banks"?

A. Mirror FATF's KYC Recommendations.

B. Meet European Union guidelines.

C. Protect the safety and soundness of banks.

D. Protect the integrity of banking systems.

Answer: C, D

Acams Question No 7

Question No 7:

The Third EU Money Laundering Directive of 2005 applies to which of the following firms?

A. Auditors, estate agents based in the EU.
B. U.S. Financial institutions covered by the USA Patriot Act.
C. Shell firms inside and outside the EU.
D. EU based high value good dealers who deal in cash of 10,000 Euro or more.

Answer: A

Acams Question No 6

Question No 6:

A bank in Italy holds a business account for an Italian company that sells gold throughout Europe and the Western Hemisphere. The bank knows the purpose of this account is to receive payment for sales. A review of the account shows a pattern of wire transfers coming from payable-through accounts. There is also a pattern of purchases of gold bullion held in Swiss banks. The MOST important factor in assessing whether money laundering is a threat is that the?

A. Customer sells gold in regions where it carries an important or religious significance that adds to the high intrinsic value.
B. Payments come from third-party accounts.
C. Payments received are in the form of wire transfers instead of cash.
D. Account holder maintains gold bullion rather than finished pieces of jewelry.

Answer: B

Acams Question No 5

Question No 5:

Tom works as a compliance officer at ABC bank. He is looking at the transactions of one of the bank's customers, Mr. Brown. Mr. Brown is the owner of a check cashing company which performs only check cashing services. Over the last six months, Mr. Brown has not made withdrawals of cash against check deposits. He also deposited two checks for US$2,000 each that were issued by a casino. When checking the KYC file, Tom sees that, when opening the account, Mr. Brown had requested detailed information about fees and commissions that are charged by the bank. What would arouse your suspicion the most? That Mr. Brown:

A.Deposited checks from casinos
B.Did not make withdrawals of cash against check deposits
C.Showed uncommon curiosity about commissions and fees charged
D.Does not have an escrow account

Answer: B

Acams Exam Questions Slide

Acams Slide:

Get Acams Exam Questions PDF:

ENI S.p.A. Analyst Rating Update

ENI S.p.A. Analyst Rating Update:

ENI SpA (NYSE: F) received a rating for short-term research analysts at Zacks wedge with a range of 3. The company has been rated an average of 3 per 6 Wall Street analysts. Analysts have added 1 shares wishlist heavy buying. January stock market experts also observed a purchase. 2 analysts advise waiting. 1 stands the company as strong sales. A sales call was initiated by an analyst.

Many analysts have commented on the rating of the company. Brokerage firm JP Morgan upgrades its recommendation on ENI SpA (NYSE: F). The shares were rated neutral. Previously, analysts had a rating of underweight equities. Note Office issued May 22, 2015.

Eni SpA shares appreciated by 8.44% over the past five trading days, but lost 4.89% on the basis of four weeks. Eni SpA fell 8.64% over the last 3 months. Year performance to date of the action is at -1.55%.ENI SpA (NYSE: F): On Monday, the increased volatility observed in ENI SpA (NYSE: F) has led to fluctuations in the share price. The stock opened at $ 32.95 and negotiating $ 33.29 hit in the head, eventually ending the session at $ 33.29, a gain of 3.26% or 1.05 points. The trading volume increased volatility jump saw 681,685 shares. The 52-week share price is $ 50.88 and the company has a market capitalization of $ 60,491 million. The 52-week low stock price is $ 30.03.

Eni SpA is a leading multinational oil and gas company based in Italy. It works with seven segments. The Refining and Marketing segment focuses on refining and marketing of petroleum products. Eni Trading Group covers services in commercial products, shipping and derivatives. Chemicals covers the production and sale of petrochemicals. It includes engineering and construction services for the oil and gas. Exploration and Production is focused on the exploration, development and production of oil and natural gas.  

The Gas & Power supply, regasification, transportation, storage, distribution and marketing of natural gas, electricity generation and sale of electricity. The Other Activities segment manages the financial components and services. In January 2014, it sold a 60% stake in Russia's Arctic Yamal development. In February 2014, the Company acquired a 51% stake in Acam Clienti SpA; Following the acquistion, the Company holds all the shares ACAMS.

Acams Question No 4

Question No 4:

Tom works as a compliance officer at ABC bank. He is looking at the transactions of one of the bank's customers, Mr. Brown. Mr. Brown is the owner of a check cashing company which performs only check cashing services. Over the last six months, Mr. Brown has not made withdrawals of cash against check deposits. He also deposited two checks for US$2,000 each that were issued by a casino. When checking the KYC file, Tom sees that, when opening the account, Mr. Brown had requested detailed information about fees and commissions that are charged by the bank. What would arouse your suspicion the most? That Mr. Brown: 

A. Deposited checks from casinos
B. Did not make withdrawals of cash against check deposits
C. Showed uncommon curiosity about commissions and fees charged
D. Does not have an escrow account


Answer: B