AML EXAM WITH COMPLETE QUESTION
AND DETAILED (VERIFIED) ANSWERS
GRADED A+ | BRAND NEW!!! | 2024
UPDATE.
Which of the following is the most common method of
laundering money through a legal money services business?
a. exchange currency and remitting money
b. smuggling bulk cash
c. transferring funds through payable through accounts
d. exchanging Colombian pesos on the black market - ✔✔✔
Correct Answer > a
Which statement is true?
a. systemic weaknesses in free trade zones include inadequate
AML/CFT safeguards, minimal oversight by local authorities and
weak procedures to inspect goods
b. cuckoo smurfing is a significant money laundering technique
c. In its 40 recommendations
, d. E-cash is not attractive to the money launderer - ✔✔✔
Correct Answer > a
Which two activities are typically associated with the black
market peso exchange money laundering system?
a. converting illicit drug proceeds from dollars to euros to
Colombian pesos
b. converting illicit drug proceeds from Colombian pesos to
dollars or euros
c. facilitating purchases by Colombian importers of goods
manufactured in the US or Europe through peso brokers
d. facilitating purchases by European or US importers of good
manufactured in Colombia through peso brokers - ✔✔✔
Correct Answer > a,c
What is considered a beneficial owner of an account?
a. person or entity who has direct signatory authority over an
account and whose name appears on the account
b. person or entity who is ultimately entitled to the funds in the
account, even through his or her name may not appear on the
account
AND DETAILED (VERIFIED) ANSWERS
GRADED A+ | BRAND NEW!!! | 2024
UPDATE.
Which of the following is the most common method of
laundering money through a legal money services business?
a. exchange currency and remitting money
b. smuggling bulk cash
c. transferring funds through payable through accounts
d. exchanging Colombian pesos on the black market - ✔✔✔
Correct Answer > a
Which statement is true?
a. systemic weaknesses in free trade zones include inadequate
AML/CFT safeguards, minimal oversight by local authorities and
weak procedures to inspect goods
b. cuckoo smurfing is a significant money laundering technique
c. In its 40 recommendations
, d. E-cash is not attractive to the money launderer - ✔✔✔
Correct Answer > a
Which two activities are typically associated with the black
market peso exchange money laundering system?
a. converting illicit drug proceeds from dollars to euros to
Colombian pesos
b. converting illicit drug proceeds from Colombian pesos to
dollars or euros
c. facilitating purchases by Colombian importers of goods
manufactured in the US or Europe through peso brokers
d. facilitating purchases by European or US importers of good
manufactured in Colombia through peso brokers - ✔✔✔
Correct Answer > a,c
What is considered a beneficial owner of an account?
a. person or entity who has direct signatory authority over an
account and whose name appears on the account
b. person or entity who is ultimately entitled to the funds in the
account, even through his or her name may not appear on the
account
