Discuss Acams CAMS-FCI Exam Topic 1 Question 24

Which scenarios are common to money laundering through online marketplaces and trade-based money laundering? (Select Two.)

AOver-valuation of the stated price of goods

BUse of fraudulent letters of credit

CNo evidence of delivery of goods or shipping expenses

DFrequent conversion of foreign currency

EUse of multiple freight forwarding or export companies

Suggested Answer: A, C

Money laundering through online marketplaces and trade-based money laundering both involve the manipulation of the value or quantity of goods to disguise the illicit origin of funds. Over-valuation of the stated price of goods and no evidence of delivery of goods or shipping expenses are two common indicators of such schemes. The other options are not specific to these methods of money laundering.

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26 comments · newest first

Sheridan 6 months ago

C is definitely a scenario. No delivery means something's off.

Vonda 6 months ago

B and E seem likely too. Fraudulent letters are tricky.

Peggie 6 months ago

I agree, A makes sense. Over-valuation is a red flag.

Fannie 6 months ago

I think A and C are common.

Shenika 7 months ago

Surprised to see E) Use of multiple freight forwarding companies on the list!

Caprice 7 months ago

B) Use of fraudulent letters of credit happens a lot too!

Rolland 7 months ago

Really? I thought D) Frequent conversion of foreign currency was more common.

Mozell 7 months ago

I agree, C) No evidence of delivery is also a big red flag.

Samira 7 months ago

A) Over-valuation of the stated price of goods is definitely a common tactic.

Malcolm 7 months ago

For real, they're probably just trying to see if we're paying attention. I'm going with A, C, and B.

Sharita 8 months ago

Haha, I bet the exam writers are just trying to catch us out with all these options. Gotta stay on our toes!

Angelica 8 months ago

Hmm, I'd also throw in B. Fraudulent letters of credit are a classic move in trade-based money laundering.

Luis 8 months ago

I agree, those two options definitely stand out as common money laundering tactics.

Reita 9 months ago

A and C seem like the most obvious choices here.

Fausto 9 months ago

I definitely remember discussing A and C in class, but I’m a bit confused about the differences between the two types of money laundering.

Aretha 9 months ago

I feel like D might be relevant too, but I can't recall if it's specifically tied to online marketplaces.

Bok 9 months ago

I'm not entirely sure, but I remember something about B and E being linked to trade-based money laundering in a practice question.

Linsey 9 months ago

I think A and C could be right because over-valuation seems like a common tactic in both scenarios.

Darrel 10 months ago

Alright, I've got a strategy. I'll eliminate the options that are clearly specific to only one method, then focus on the common scenarios between the two.

Isidra 10 months ago

I'm a bit confused on this one. I'll need to review my notes on the different money laundering methods to make sure I understand the similarities.

Arlette 10 months ago

I've seen questions like this before. I think the key is to identify the overlapping techniques used in both online marketplaces and trade-based money laundering.

Sherman 10 months ago

Okay, let's see. I know over-valuation and lack of evidence of delivery are red flags, but I'm not sure about the other options.

Nakisha 10 months ago

Hmm, this seems like a tricky one. I'll need to think carefully about the common scenarios for both money laundering methods.

Kris 4 months ago

↳ replying to Nakisha

What about B and D? They could fit as well.

Hyman 4 months ago

↳ replying to Nakisha

I agree, A and E make sense too.

Lanie 6 months ago

↳ replying to Nakisha

I think A and C are common scenarios.

Acams CAMS-FCI Exam - Topic 1 Question 24 Discussion