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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 few pol...

ACAMS Exam Questions and Answers 100% CorrectACAMS Exam Questions and Answers 100% CorrectACAMS Exam Questions and Answers 100% CorrectACAMS Exam Questions and Answers 100% Correct Define a red flag. - ANSWER-A warning signal that should bring attention to a potentially suspicious situation, transaction or activity. Define willful blindness. - ANSWER-A legal principle that operates in money laundering cases in the U.S. and is defined by courts as the "deliberate avoidance of knowledge of ...

ACAMS Certification Exam 2023-2024 Questions and Answers Correct 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) Integration, Layering, Placement D - Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investiga...

AML CAMs EXAM Questions & Answers 2024(A+GRADED 100%VERIFIED)

2 Ways to launder money in Real Estate - ANSWER-• By way of chain transactions in real estate to cloak the illicit source of funds (the layering phase), • By investment in, for example, tourist or holiday complexes that lend an appearance of legality (the integration phase). Ch 2.1 - 3 main points of ML definition - ANSWER-• The conversion or transfer of property, knowing it is derived from a criminal offense, for the purpose of concealing or disguising its illicit origin • The conc...

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CAMS EXAM 2024 LATEST QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

Define willful blindness. - ANSWER-A legal principle that operates in money laundering cases in the U.S. and is defined by courts as the "deliberate avoidance of knowledge of the facts" or purposeful indifference. Courts have held that willful blindness is the equivalent of actual knowledge of the illegal source of funds or the intentions of a customer in a money laundering transaction. Define smurfing. - ANSWER-A commonly used money laundering method, smurfing involves the use of multiple ...

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