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Exam Code:
CAMS
Exam Name:
Certified Anti-Money Laundering Specialists (the 6th edition)
Questions:
94 Q&A
Product Type:

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NEW QUESTION: 1
When attempting to assign a Virtual Connect server profile to bay 4. You notice that the choice is grayed out and not available to be selected in the drop down menu. What is the cause?
A. There is already an assigned profile.
B. That blade is a full height server.
C. That blade is missing a required mezzanine card.
D. There is no available network uplink for that blade.
Answer: D

NEW QUESTION: 2
An organization s audit charter PRIMARILY:
A. documents the audit process and reporting standards
B. defines the auditors' code of conduct
C. describes the auditors' authority to conduct audits
D. formally records the annual and quarterly audit plans
Answer: C

NEW QUESTION: 3
Which of the following compensation arrangements between an investment adviser and an individual client with a net worth of $600,000 would be disallowed?
A. The investment adviser will receive 0.1% of the total value of the client's assets under management as of the end of each month.
B. All of the above are legitimate compensation arrangements between and investment adviser and an individual client with a net worth of $600,000.
C. The investment adviser will receive 0.1% of the gross capital gains earned on the portfolio each quarter.
D. The client agrees to pay the investment adviser an hourly fee of $60.00.
Answer: C
Explanation:
Explanation/Reference:
Explanation: A compensation arrangement between an investment adviser and an individual client with a net worth of $600,000 that stipulates the adviser will receive 0.1% of the gross capital gains earned on the portfolio would be disallowed. An investment adviser of an individual client cannot be compensated with a share of the capital gains earned on the portfolio unless that client has a net worth of at least $1.5 million or has at least $750,000 invested through that investment adviser.

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