Acams chapter 2 Samenvattingen, Notities en Examens

ACAMS Study Guide (6th Edition) Chapter 1,2,3,4 and 5 complete Latest Update What is Money Laundering? - Correct Answer Money laundering is the taking of criminal proceeds and disguising their illegal sources in order to use the funds to perform legal or illegal acts. Describe the three phases of Money Laundering. - Correct Answer 1) Placement is the physical disposal of cash or other assets derived from criminal activity. 2) Layering is the separation of illicit proceeds from their source ...

ACAMS Study Guide (6th Edition) Chapter 1 Questions and Answers 100% CorrectACAMS Study Guide (6th Edition) Chapter 1 Questions and Answers 100% CorrectACAMS Study Guide (6th Edition) Chapter 1 Questions and Answers 100% CorrectWhat is Money Laundering? - ANSWER-Money laundering is the taking of criminal proceeds and disguising their illegal sources in order to use the funds to perform legal or illegal acts. Describe the three phases of Money Laundering. - ANSWER-1) Placement is the physical ...

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 and countermeasures According to the FATF 40 Recommendations, the complete set of countermeasures against money laundering and terrorist financing covers what 5 elements? - -- The identification of ...

ACAMS: Chapter 4 Questions and Answers (Graded A)ACAMS: Chapter 4 Questions and Answers (Graded A)ACAMS: Chapter 4 Questions and Answers (Graded A) Define a search warrant and describe how it is issued. - ANSWER-It is a grant of permission from a court for a law enforcement agency to search certain designated premises and to seize categories of items/documents. Generally, the requesting agency is required to establish that probable cause exists to believe that evidence of a crime will be locate...

ACAMS Study Guide (6th Edition) Chapter 2 Questions with Correct Answers Identify the three important tasks that FATF focuses on. - Correct Answer • Spreading the anti-money laundering message worldwide, • Monitoring implementation of the FATF Recommendations among FATF members, and • Reviewing money laundering trends and countermeasures. According to the FATF 40 Recommendations, the complete set of countermeasures against money laundering and terrorist financing covers what 5 elem...

ACAMS Practice x2 Questions and Answers 2023 B 61. Using shell companies or other structures whose primary intended business purpose is to obscure the ownership of assets is a form of: Chapter: 2 Ans: B A. Placement B. Layering C. Integration D. Reverse Flipping C 62. Which of the following terms refers to supplying apparent legitimacy to illicit wealth through the re-entry of the funds into the economy in what appear to be normal business or personal transactions? Chapter: 2 ...

ACAMS chapter 2

ACAMS: Chapter 3 Flashcards with correct solution graded A+ passedWhat does FATF recommend considering when assessing risk? (3) - correct answer 1.) Customer factors like non-resident custs., cash-intensive businesses, complex ownership structures, companies w/bearer shares 2.) Country/geographic risks such as countries w/inadequate AML/CFT systems, sanctions or embargoes, those involved in funding/support of terrorist activities, or significant levels of corruption 3.) Product, service, trans...

ACAMS Chapter 1-6 Wash Trading ANSWER- What is the term for trading through multiple accounts, where an individual generates offsetting profits and losses and transfers of positions through accounts that do not appear to be commonly controlled? Which three statements are true regarding the extraterritorial reach of laws and legislation of the U.S.? ANSWER- 1. The criminal anti-money laundering law can apply to transactions that occur partially overseas 2. Economic and trade sanctions...

ACAMS: Chapter 4 Questions and Answers 100% Solved Define a search warrant and describe how it is issued. It is a grant of permission from a court for a law enforcement agency to search certain designated premises and to seize categories of items/documents. Generally, the requesting agency is required to establish that probable cause exists to believe that evidence of a crime will be located. The warrant is authorized based on information contained in an affidavit submitted by a law enforcement ...