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Acams CAMS Exam - Topic 1 Question 43 Discussion

Which methods are typically used to launder money using insurance companies? (Choose two.)
A) The policy holder overpays the policy and moves the funds out of the policy despite paying early withdrawal penalties. and D) The policy holder uses an offshore company to pay the insurance installments.
B) The policy holder enters a sibling as a beneficiary of the insurance policy rather than themselves.
C) The policy holder purchases a bond and redeems it at a discount prior to its full term.
E) The policy holder is strongly interested in how many costs are incurred when taking out an insurance policy.

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.)

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Suggested Answer: A, D

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

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Britt
9 months ago
Wait, people actually do this with insurance? That's wild!
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Sue
9 months ago
B is a sneaky one, but A and D are definitely more common.
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Omega
9 months ago
Really? I thought it was more complicated than that.
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Bettina
10 months ago
Totally agree, those are the go-to tactics.
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Chun
10 months ago
A and D are classic methods.
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Leanora
10 months ago
I got this! The engineering side of SRE is all about applying network and infrastructure best practices for stable, reliable operations. So the answer has to be A.
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Madonna
10 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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Hailey
10 months ago
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
10 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
10 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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