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Acams Exam CAMS-FCI Topic 3 Question 13 Discussion

Actual exam question for Acams's CAMS-FCI exam
Question #: 13
Topic #: 3
[All CAMS-FCI Questions]

In a SAR/STR narrative concerning Individual

Show Suggested Answer Hide Answer
Suggested Answer: B

According to the Financial Action Task Force (FATF), the use of large amounts of cash is a common method for money launderers to move illicit funds [1]. Purchasing luxury items with cash can indicate an attempt to convert illegal funds into tangible assets that can be easily resold or moved across borders. As a result, businesses that deal with luxury items are required to implement enhanced due diligence measures, including monitoring transactions involving large amounts of cash [1].


by Clay at Mar 19, 2025, 08:54 AM

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King
3 months ago
Option A all the way! Stating the specific details about the wires and the amount is definitely a product of analysis rather than a judgment or fact. The other options are just too vague.
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Viva
2 months ago
User 4: Option A is definitely the most specific and clear choice in this scenario.
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Tien
2 months ago
User 3: Yeah, the other options are too general and open to interpretation.
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Belen
2 months ago
User 2: I agree, it provides concrete information that can be analyzed further.
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Lenna
2 months ago
User 3: Yeah, the other options seem more like assumptions rather than actual findings.
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Galen
2 months ago
User 2: I agree, it provides concrete information rather than speculation.
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Vivienne
2 months ago
User 1: Option A all the way! Stating the specific details about the wires and the amount is definitely a product of analysis rather than a judgment or fact.
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Arlie
3 months ago
User 1: Option A all the way! Stating the specific details about the wires and the amount is definitely a product of analysis rather than a judgment or fact.
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Kerry
4 months ago
I'm torn between B and C. They both seem to be indicating structured cash deposits, which could be a sign of potential money laundering. But I guess option A is the one that's more clearly a product of analysis.
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Jenise
3 months ago
B) Individual A made structured cash deposits possibly to circumvent regulatory reporting requirements
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Timothy
3 months ago
A) Individual A was the originator of nine wires totaling 225.000 USD between January and March 2020.
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Jerlene
4 months ago
But A seems like a fact, not a product of analysis.
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Twanna
4 months ago
Option D is quite humorous. A college student working part-time at a car wash making structured cash deposits? That's a pretty specific and unlikely scenario.
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Rebecka
3 months ago
A) Individual A was the originator of nine wires totaling 225.000 USD between January and March 2020.
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Davida
3 months ago
C) Individual A made structured cash deposits on almost consecutive days.
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Lauran
3 months ago
B) Individual A made structured cash deposits possibly to circumvent regulatory reporting requirements
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Jenise
3 months ago
A) Individual A was the originator of nine wires totaling 225.000 USD between January and March 2020.
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Keneth
4 months ago
I think option A is the correct answer as it presents a product of analysis rather than a fact or judgment. The other options seem to be more focused on making judgments or stating facts.
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Aleta
4 months ago
I disagree, I believe the answer is B.
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Jerlene
4 months ago
I think the answer is A.
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