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Certified Anti-Money Laundering Specialists
- Exam Number/Code : CAMS
- Exam Name : Certified Anti-Money Laundering Specialists
- Questions and Answers : 213 Q&As
- Update Time: 2019-01-10
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NEW QUESTION: 1
In the wake of many scandals with major corporations involving fraud and the deception of investors and regulators, which of the following laws was passed to govern accounting and financial records and disclosures?
A. GLBA
B. SOX
C. Safe Harbor
D. HIPAA
Answer: B
Explanation:
The Sarbanes-Oxley Act (SOX) regulates the financial and accounting practices used by organizations in order to protect shareholders from improper practices and accounting errors.The Health Insurance Portability and Accountability Act (HIPAA) pertains to the protection of patient medical records and privacy.
The Gramm-Leach-Bliley Act (GLBA) focuses on the use of PII within financial institutions. The Safe Harbor program was designed by the US government as a way for American companies to comply with European Union privacy laws.
NEW QUESTION: 2
You are creating a database that will store usernames and passwords for an application. You need to recommend a solution to store the passwords in the database. What should you recommend? More than one answer choice may achieve the goal. Select the BEST answer.
A. Encrypting File System (EFS)
B. Reversible encryption
C. Transparent Data Encryption (TDE)
D. One-way encryption
Answer: D
NEW QUESTION: 3
Several users continuously use custom-created formulas in Excel to supplement their Planning form inputs.
What is another design alternative to reduce offline Excel maintenance?
A. Ad hoc forms
B. Reports
C. Smart push
D. Cell commentary
E. Smart forms
Answer: E
Explanation:
Explanation/Reference:
With Smart Forms you use your Own Excel Formulas in Planning.
References: Oracle Cloud, Administering Planning for Oracle Planning and Budgeting Cloud, page 9-12
NEW QUESTION: 4
A financial company requires a new private network link with a business partner to cater for realtime and batched data flows.
Which of the following activities should be performed by the IT security staff member prior to establishing the link?
A. SLA reporting
B. Design review
C. Code review
D. Baseline reporting
Answer: B
Explanation:
This question is asking about a new private network link (a VPN) with a business partner. This will
provide access to the local network from the business partner.
When implementing a VPN, an important step is the design of the VPN. The VPN should be
designed to ensure that the security of the network and local systems is not compromised.
The design review assessment examines the ports and protocols used, the rules, segmentation,
and access control in the systems or applications. A design review is basically a check to ensure
that the design of the system meets the security requirements.