Certified Anti-Money Laundering Specialist Certification (CAMS) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Certified Anti-Money Laundering Specialist Certification (CAMS) exam. Study with multiple choice questions, each with hints and explanations. Boost your chances of success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What kind of document is typically used as the basis for an Affidavit?

A financial transaction record
A written statement provided under oath
A certified financial report
A formal contract between two parties

The correct answer is: A written statement provided under oath

An affidavit is a written statement that is confirmed by the oath or affirmation of the person making it. This statement is often used in legal proceedings to provide evidence or support for a claim. The key characteristic of an affidavit is that it must be made under oath, meaning the individual is swearing to the truth of the information contained within the document, making it a credible piece of evidence. While financial transaction records, certified financial reports, and formal contracts can contain important information, they do not inherently possess the quality of being sworn statements. An affidavit serves a unique role in legal contexts where the truthfulness of the statement is essential, therefore the written statement provided under oath is the cornerstone of what qualifies as an affidavit.