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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?

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Suggested Answer: D

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

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Jose
1 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.
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Tamera
9 days ago
User 3: Maybe they are trying to hide their activities with invisible ink!
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Oretha
16 days ago
User 2: I agree, that does seem suspicious.
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Juliann
27 days ago
User 1: I think the increase in customer demand for large-denomination banknotes could be a sign of money laundering.
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Micah
1 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.
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Troy
15 days ago
C) The institution has observed a reduced settlement time in the transaction services that support the rapid movement or remittance of funds.
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Dorsey
1 months ago
B) The institution has observed an increase in the adoption of its digital products and services.
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Dana
1 months ago
A) The institution has observed an increase in customer demand for large-denomination banknotes.
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Melissa
1 months ago
Increased digital adoption? That's just progress, not a money laundering red flag. Gotta keep up with the times, folks!
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Jamey
2 months ago
But what about the reduced settlement time in transaction services? Could that also be a sign of money laundering?
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Lenna
2 months ago
Option A seems the most likely indicator of money laundering. Who doesn't love big bills for their illegal activities?
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Claribel
7 days ago
User 4: That could also be a sign of money laundering, quick movement of funds.
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Mirta
18 days 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.
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Cecily
1 months ago
User 2: That does seem suspicious. Big bills are often used in illegal activities.
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Melita
1 months ago
User 1: A) The institution has observed an increase in customer demand for large-denomination banknotes.
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Mattie
2 months ago
I agree with you, Marvel. Large-denomination banknotes are often used in money laundering to move large sums of money quickly.
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Marvel
2 months ago
I think if a financial institution sees an increase in customer demand for large-denomination banknotes, it could indicate money laundering.
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