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ACAMS LATEST PRACTICE QUESTIONS WITH 100% CORRECT DETAILED ANSWERS 2024. ALREDY GRADED 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 Factual actual, real, truthful..based on facts Inferential A research format that uses a hypothesis to prove one finding from another Money Laundering Hide source Terrorist Financing 1. Hide Purpose 2. solicitation collection or provision of funds with the intention to support terrorist organisations or acts. 3...

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 accounts (PTAs) D. Exchanging Colombian pesos on the black market - a In general, the three phases of money laundering are said to be: placement and A. structuring and manipulation. B. layering and integration. C. layering and smurfing. D. integration and infiltratio...

C - Correct Answer The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - Correct Answer The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - Correct Answer Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investigations Unit writes up a f...

Which of the following is the most common method of laundering money through a legal money services business? - correct answer Purchasing structured money instruments In general, the 3 phases of money laundering are said to be: Placement; - correct answer Layering and integration Which statement is true? - correct answer Bust-out schemes are popular in creating large bankruptcy frauds where businesses secure increasing loans in excess of the actual value of the company or property and then...

B - correct answer In general, the three phases of money laundering are said to be: Placement: A. Structuring and manipulation. B. Layering and integration. C. Layering and smur ng. D. Integration and in ltration. A - correct answer Which of the following is the most common method of laundering money through a legal money services business? A. Purchasing structured money instruments. B. Smuggling bulk-cash. C. Transferring funds through Payable Through Accounts (PTAs). D. Exchangi...

Airport Sponsor - correct answer 1. Governing body of the airport 2. any public agency or private owner of a public use airport 3. often operated by a board or elected or appointed officials 4. act as policy makers establishing broad goals and objectives 5. strategic leaders of the airport Airport Executive - correct answer An individual (airport director or manager) Airport Operator - correct answer Airport management structure overall (Sponsor, Executive & personnel essential to the ...

1. Which of the following is the most common method of laundering money through a legal money services business? A. Purchasing structured money instruments. B. Smuggling bulk-cash. C. Transferring funds through Payable Through Accounts (PTAs). D. Exchanging Colombian pesos on the black market. A 2. In general, the three phases of money laundering are said to be: Placement: A. Structuring and manipulation. B. Layering and integration. C. Layering and smurfing. D. Integration and infiltration. B 3...

ACAMS (Test Review) Questions with Complete Solutions Identify the seven topics of international incorporated into the FATF 40 recommendations in 2012? - Correct Answer AML/CFT policies & procedures. Money Laundering & confiscation. Terrorist financing & financing of proliferation. Financial & non-financial institution preventative measures. Transparency & beneficial ownership of legal persons & arrangements. Powers & responsibilities of competent authorities & other institutional measure...

ACAMS Exam Study Guide with Complete Solutions 100% Verified Latest Update Bank Draft - Correct Answer Vulnerable 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 another country. Bank for International Settlements (BIS) - Correct Answer AN international organization that serves as a bank for central banks and which fosters ...