Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

Acams Exam CAMS Topic 1 Question 87 Discussion

Actual exam question for Acams's CAMS exam
Question #: 87
Topic #: 1
[All CAMS Questions]

Which operational situation might indicate that money laundering is occurring at or through a deposit-taking financial institution?

Show Suggested Answer Hide Answer
Suggested Answer: D

by Jenise at Sep 16, 2024, 09:26 PM

Limited Time Offer

25%

Off

Get Premium CAMS Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Jose
3 months ago
A log of monetary instruments? That's just basic accounting, not a sign of shady dealings. Although, I bet the money launderers use invisible ink to hide their activities.
upvoted 0 times
Tamera
3 months ago
User 3: Maybe they are trying to hide their activities with invisible ink!
upvoted 0 times
...
Oretha
3 months ago
User 2: I agree, that does seem suspicious.
upvoted 0 times
...
Juliann
3 months ago
User 1: I think the increase in customer demand for large-denomination banknotes could be a sign of money laundering.
upvoted 0 times
...
...
Micah
4 months ago
Rapid fund movement? That's just efficient banking, nothing to see here. Unless they're using it to buy more cat videos, of course.
upvoted 0 times
Renea
2 months ago
D) The institution maintains a sequentially numbered log of the monetary instruments it sells.
upvoted 0 times
...
Troy
3 months ago
C) The institution has observed a reduced settlement time in the transaction services that support the rapid movement or remittance of funds.
upvoted 0 times
...
Dorsey
3 months ago
B) The institution has observed an increase in the adoption of its digital products and services.
upvoted 0 times
...
Dana
3 months ago
A) The institution has observed an increase in customer demand for large-denomination banknotes.
upvoted 0 times
...
...
Melissa
4 months ago
Increased digital adoption? That's just progress, not a money laundering red flag. Gotta keep up with the times, folks!
upvoted 0 times
...
Jamey
4 months ago
But what about the reduced settlement time in transaction services? Could that also be a sign of money laundering?
upvoted 0 times
...
Lenna
4 months ago
Option A seems the most likely indicator of money laundering. Who doesn't love big bills for their illegal activities?
upvoted 0 times
Claribel
2 months ago
User 4: That could also be a sign of money laundering, quick movement of funds.
upvoted 0 times
...
Mirta
3 months ago
User 3: C) The institution has observed a reduced settlement time in the transaction services that support the rapid movement or remittance of funds.
upvoted 0 times
...
Cecily
3 months ago
User 2: That does seem suspicious. Big bills are often used in illegal activities.
upvoted 0 times
...
Melita
4 months ago
User 1: A) The institution has observed an increase in customer demand for large-denomination banknotes.
upvoted 0 times
...
...
Mattie
4 months ago
I agree with you, Marvel. Large-denomination banknotes are often used in money laundering to move large sums of money quickly.
upvoted 0 times
...
Marvel
4 months ago
I think if a financial institution sees an increase in customer demand for large-denomination banknotes, it could indicate money laundering.
upvoted 0 times
...

Save Cancel