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Acams CAMS Exam - Topic 2 Question 100 Discussion

[Risks and Methods of Money Laundering and Terrorist Financing]A new accounts representative recently opened an account for individual whose stated employment is tutoring students.Which customer action indicates possible money laundering?
C) Transferring all funds to another bank on the same day of large cash deposits
A) Continually making weekly small cash deposits
B) Periodically initiating wire transfers to another account owned by a relative
D) Opening a savings account and makes frequent transfers from the checking account

Acams CAMS Exam - Topic 2 Question 100 Discussion

Actual exam question for Acams's CAMS exam
Question #: 100
Topic #: 2
[All CAMS Questions]

[Risks and Methods of Money Laundering and Terrorist Financing]

A new accounts representative recently opened an account for individual whose stated employment is tutoring students.

Which customer action indicates possible money laundering?

Show Suggested Answer Hide Answer
Suggested Answer: C

by Aliza at Jul 05, 2025, 03:30 PM

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Carlene
6 months ago
B seems normal to me, why would that be a problem?
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Shonda
6 months ago
I think C is the most concerning, transferring all funds like that?
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Naomi
6 months ago
Totally agree, A and C both raise red flags!
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Sina
7 months ago
Wait, why would a tutor need to move large cash deposits so quickly?
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Terina
7 months ago
A is definitely suspicious with those small cash deposits.
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Vallie
7 months ago
I recall that moving money quickly after a deposit is a classic sign of money laundering, so I'm leaning towards option C as well.
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Buddy
7 months ago
I think option B is a common scenario we practiced, but it feels less suspicious than transferring all funds right after a large deposit.
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Hester
7 months ago
I'm not entirely sure, but I feel like frequent small cash deposits could also indicate suspicious activity. It seems like something we covered in class.
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Gaynell
8 months ago
I remember discussing how large cash deposits followed by immediate transfers can be a red flag for money laundering. So, I think option C might be the answer.
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Tommy
8 months ago
Continually making small cash deposits seems like the most obvious red flag to me. That's a classic money laundering tactic to try to avoid raising suspicion.
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Izetta
8 months ago
Okay, I think the key here is looking for suspicious transaction patterns that could indicate money laundering. I'll review each option and try to identify which one best fits that criteria.
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Amber
8 months ago
Hmm, I'm a little unsure about this one. I'll need to think through the different options carefully to make sure I understand the signs of potential money laundering.
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Huey
8 months ago
This one seems pretty straightforward. I'm going to focus on the key details about the customer's account activity.
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Dominga
10 months ago
I think D is the correct answer because it seems like a normal banking behavior.
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Staci
11 months ago
D) Opening a savings account and making frequent transfers from the checking account? Sounds like someone's trying to create a paper trail to cover their tracks.
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Roselle
11 months ago
I'm not sure, but I think B could also be a possible answer.
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France
11 months ago
Haha, this reminds me of that movie 'The Wolf of Wall Street' where they were shoveling cash into garbage bags. Can't go wrong with the classic approach!
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Denny
10 months ago
That's a red flag for sure!
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Christene
10 months ago
Depositing large amounts of cash into the account
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Bulah
11 months ago
I disagree, I believe the answer is C.
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Val
11 months ago
I think the answer is A) Continually making weekly small cash deposits. That's a common way to try and fly under the radar and avoid detection.
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Carolann
11 months ago
Hmm, I'm not sure. B) Periodically initiating wire transfers to another account owned by a relative could also be a red flag. Maybe they're trying to move money around to hide the source.
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Angelyn
10 months ago
B: That could also be suspicious behavior.
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Pete
10 months ago
A: What about if they start sending wire transfers to a relative's account?
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Nickolas
10 months ago
B: Yes, that could be a sign of money laundering.
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Chan
11 months ago
A: Have you noticed if the customer is making frequent large cash deposits?
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Whitley
11 months ago
I think the answer is A.
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Ilene
12 months ago
C) Transferring all funds to another bank on the same day of large cash deposits seems fishy to me. That's a classic money laundering tactic.
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Goldie
11 months ago
Hermila: It's important to be vigilant and report any suspicious activity to prevent financial crimes.
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Hermila
11 months ago
User 2: Definitely, that's a red flag for possible money laundering.
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Malissa
11 months ago
User 1: I agree, transferring all funds to another bank on the same day of large cash deposits is suspicious.
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