Acams CAMS Exam - Topic 1 Question 43 Discussion

Actual exam question for Acams's CAMS exam

Question #: 43
Topic #: 1

[All CAMS Questions]

Which methods are typically used to launder money using insurance companies? (Choose two.)

AThe policy holder overpays the policy and moves the funds out of the policy despite paying early withdrawal penalties.

BThe policy holder enters a sibling as a beneficiary of the insurance policy rather than themselves.

CThe policy holder purchases a bond and redeems it at a discount prior to its full term.

DThe policy holder uses an offshore company to pay the insurance installments.

EThe policy holder is strongly interested in how many costs are incurred when taking out an insurance policy.

Show Suggested Answer

Suggested Answer: A, D

by Deeanna at May 04, 2022, 09:16 PM

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7 months ago

Okay, let me think this through step-by-step. I need to identify the four exception rules and then match them to the answer choices.

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This looks like a pretty straightforward question on Oracle E-Business Suite responsibilities. I'll start by reviewing the options and thinking about which ones would be determined by a responsibility.

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Golda

7 months ago

I think the answer might be related to the digital fingerprint or unique ID, but I can't remember which one it is.

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Dorothea

7 months ago

I remember reading about 503 errors being related to high request rates on S3, so I'm leaning towards option A.

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Acams CAMS Exam - Topic 1 Question 43 Discussion

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