BUNDLE - ACAMS EXAMS

ACAMS Practice Exam Questions & Answers 2024/2025 C - ANSWERSThe USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - ANSWERSThe three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integrat...

ACAMS Practice Test Study Guide Questions & Answers 2024/2025 Which of the following is the most common method of laundering money through a legal money services business? A. Exchanging currency and remitting money B. Smuggling bulk cash C. Transferring funds through payable through account...

ACAMS Exam Questions & Answers 2024/2025 Bank Draft - ANSWERSVulnerable to money laundering because it represents a reputable international monetary instrument drawn on a reputable institution, and is often made payable-in cash-upon presentation and at the issuing institution's account in anot...

ACAMS Test Review Questions & Answers 2024/2025 Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - ANSWERSAML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financ...

ACAMS Review Exam Questions & Answers 2024/2025 Define "smurfing." - ANSWERSThe 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) ...

ACAMS Exam Prep Mock Questions & Answers 2024/2025 What are three indicators of money laundering associated with using electronic funds transfers? - ANSWERSFunds transfers to or from financial secrecy haven without an apparent business reason. Funds transfers are received or sent from the sa...

ACAMS Exam Chapter 1 Questions & Answers 2024/2025

ACAMS EXAM QUESTIONS & ANSWERS 2024/2025 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 transa...

ACAMS Practice Exam 6th Ed Questions & Answers 2024/2025 1. What is the Right of Reciprocity in the field of international cooperation against money laundering? A. The legal principle that financial institutions that have referred customers to other financial institutions can share informati...

ACAMS Practice Exam 201-300 Questions with Complete Solutions Based on the USA PATRIOT Act, what action might the US take to demonstrate extraterritorial reach? A. Send requests for information to a non-US based financial institution (FI) B. Hand over potential penalties from the US to anothe...

ACAMS Chapter 2: International AML/CFT Standards Financial Action Task Force (FATF) - ANSWERSAn international, intergovernmental organization composed of members from more than 30 countries, whose primary purpose is the development and promotion of policies, at both national and international l...

ACAMS Exam 2024 with 100% Correct Answers Define a red flag. - ANSWERSA warning signal that should bring attention to a potentially suspicious situation, transaction or activity. Define willful blindness. - ANSWERSA legal principle that operates in money laundering cases in the U.S. and is d...

ACAMS Exam Chapter 1 Questions & Answers 2024/2025 What is money laundering - ANSWERSThe 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 - ANSWERSElectronical...

ACAMS Exam Chapter 1 Questions & Answers 2024/2025 Stages of Money Laundering - ANSWERS1. Placement 2. Layering 3. Integration Placement - ANSWERSThe physical disposal of cash or other assets derived during criminal activity. Introduction of illicit funds to financial system. Examples o...