Acams exam review 2023 Study guides, Class notes & Summaries

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...

ACAMS Exam Review 2023 Define "smurfing." The 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) What are the sections of the USA PATRIOT Act pertaining to AML due diligence? Section 312 -- Requirement that institutions create risk-based due diligence programs Section 313 -- Prohibits US financial institutions from dealing with she...

ACAMS Exam Review 2023

ACAMS Exam Review 2023 Define "smurfing." The 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) What are the sections of the USA PATRIOT Act pertaining to AML due diligence? Section 312 -- Requirement that institutions create risk-based due diligence programs Section 313 -- Prohibits US financial institutions from dealing with she...

ACAMS Exam Review 2023 Define "smurfing." - The 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) What are the sections of the USA PATRIOT Act pertaining to AML due diligence? - *Section 312* -- Requirement that institutions create risk-based due diligence programs *Section 313* -- Prohibits US financial institutions from dealing wi...

ACAMS Exam Review 2023 Define "smurfing." The 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) What are the sections of the USA PATRIOT Act pertaining to AML due diligence? Section 312 -- Requirement that institutions create risk-based due diligence programs Section 313 -- Prohibits US financial institutions from dealing with she...

ACAMS Exam Review 2023 Define "smurfing." The 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) What are the sections of the USA PATRIOT Act pertaining to AML due diligence? Section 312 -- Requirement that institutions create risk-based due diligence programs Section 313 -- Prohibits US financial institutions from dealing with she...

ACAMS Exam Review 2023 Define "smurfing." The 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) What are the sections of the USA PATRIOT Act pertaining to AML due diligence? Section 312 -- Requirement that institutions create risk-based due diligence programs Section 313 -- Prohibits US financial institutions from dealing with she...

ACAMS Exam Review QUESTIONS & ANSWERS 2023 ( A+ GRADED 100% VERIFIED)