Certified Transaction Monitoring Associate CTMA Exam Questions

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Question #1 (Topic: Demo Questions)

An organization when faced with the below must report which?

If you have a bad feeling about the client but haven't looked at the information, this is still ok.

Every customer should be investigated for financial crime

If they suspect a financial crime has been committed.

If they suspect a financial crime has been committed, but only if they have the time and resources to do so.

Correct Answer: C

Question #2 (Topic: Demo Questions)

Alerts are able to be triggered by external inquiries. The types of organizations involved in external inquiry are? (SELECT 2)

Other Financial Institutions

Journalists and/or Media

Law Enforcement

Regulators

Correct Answer: C, D

Question #3 (Topic: Demo Questions)

What are the three types of Risk Prevention?

Preventative ,Detective, Corrective

Preventative, Detective, Corresponsive

Detective, Corrective, Proactive

Proactive, Detective Corrective

Correct Answer: A

Question #4 (Topic: Demo Questions)

What is being increasing used with regards to Alerts being generated (SELECT 2)

Data Analysis

Machine Learning

Neural Networks

Artificial Intelligence

Correct Answer: B, D

Question #5 (Topic: Demo Questions)

Certified Transaction Monitoring Associate CTMA Exam Questions

An organization when faced with the below must report which?

If you have a bad feeling about the client but haven't looked at the information, this is still ok.

Every customer should be investigated for financial crime

If they suspect a financial crime has been committed.

If they suspect a financial crime has been committed, but only if they have the time and resources to do so.

Correct Answer: C

Alerts are able to be triggered by external inquiries. The types of organizations involved in external inquiry are? (SELECT 2)

Other Financial Institutions

Journalists and/or Media

Law Enforcement

Regulators

Correct Answer: C, D

What are the three types of Risk Prevention?

Preventative ,Detective, Corrective

Preventative, Detective, Corresponsive

Detective, Corrective, Proactive

Proactive, Detective Corrective

Correct Answer: A

What is being increasing used with regards to Alerts being generated (SELECT 2)

Data Analysis

Machine Learning

Neural Networks

Artificial Intelligence

Correct Answer: B, D

For an institution in this space Controls such as Transaction Monitoring are put in place in order to manage Risk?

Operational Risk

Legal Risk

Financial Crime Risk

Liquidity Risk

Correct Answer: C