ACAMs Exam COMPILATIONS/ BUNDLE

ACAMS Practice Exam Review Questions & Answers, rated A+ C - -The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - -The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integ...

ACAMS Chapter 1/ Exam Questions and answers, rated A+ Money Laundering involves - -taking criminal proceeds and disguising their illegal sources in order to use the funds to perform legal or illegal activiites. Formed in 1989 - -Financial Action Task Force (FATF) Financial Action Task Force (...

ACAMS Practice Test (Book)/ Exam Questions and answers, rated A+ Which of the following is the most common method of laundering money through a legal money services business? - -Purchasing structured money instruments In general, the 3 phases of money laundering are said to be: Placement; - -L...

ACAMS Exam Review questions and answers/ VERIFIED/ Define "smurfing." - -The use of multiple individuals and/or transactions for making cash deposits, buying monetary transactions or banks drafts in amounts under the reporting threshold. (NB: Some equate this term with structuring) What are...

ACAMS - Practice Test Exam Review Questions and answers/ Which of the following is a key element of an organization's AML/CFT compliance program? An annual independent audit to ensure the program's effectiveness In which phase will the auditor gather information about the AML processes of the...

ACAMS Exam Review QUESTIONS & Answers, rated A+ Which of the following statements is true? A Credit cards are not likely to be used in the layering phase of money laundering because of restrictions in cash payments B Credit cards are effective instruments for laundering money because the tra...

ACAMS, Exam Review Questions and answers/ VERIFIED. Definition of money laundering - -Taking criminal proceeds and disguising their illegal origins to use to perform legal or illegal acts 3 stages of money laundering - -Placement, Layering, Integration Placement Stage - -Physically disposing ...

ACAMS Practice, Exam Review Questions and answers, rated A+ subjective data Based or influenced by a person's feelings tastes or opinions Objective Factual, related to reality or physical objects; not influenced by emotions, unbiased Brainpower Read More Factual actual, real, truthful..ba...

ACAMS Flash Cards - Chapter 1/ Review Questions and answers, rated A+ What is money laundering - -The taking of criminal proceeds and disguising their illegal source in order to use the funds for legal or illegal acts Give an example of the second stage in the money laundering cycle - -Electro...

ACAMS Exam Review Questions and answers, rated A+ Define a red flag. - -A warning signal that should bring attention to a potentially suspicious situation, transaction or activity. Define willful blindness. - -A legal principle that operates in money laundering cases in the U.S. and is defin...

ACAMS Module 2 Exam Review Questions and answers, rated A+ FATF objectives are to set standards and promote effective implementation of _________, ____________, and ___________ for combatting ML, TF and other related threats. - -legal, regulatory and operational measures Starting with its ow...

ACAMS exam Review Questions and answers, rated A+ Identify the 3 important tasks that FATF focuses on - -1. Spreading the anti-money laundering message worldwide 2. Monitoring implementation of the FATF Recommendations among FATF members 3. Reviewing ML trends and counters asures According t...

ACAMs 4 Exam Review Questions and answers, VERIFIED/ SAFE HARBOR What is a safe harbor for reporting suspicious activity? - -Safe harbor is defined as legal protection for financial institutions, their directors, officers and employees from criminal and civil liability for breach of any restr...

ACAMS Chapter 2: Exam Review Questions and answers. Verified/ Identify the three important tasks that FATF focuses on. - --Spreading the anti-money laundering message worldwide, -Monitoring implementation of the FATF Recommendations among FATF members, and -Reviewing money laundering trends a...