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Acams CAMS Exam - Topic 3 Question 56 Discussion

Posted by Joni on Jul 30, 2022 at 12:14 AM

Which are social/economic consequences of money laundering? (Choose two.)

Suggested Answer: B, C

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13 comments · newest first
DE
Denny 12 months ago
Increase in tax revenue? That can't be right!
ME
Melissia 12 months ago
Definitely, corruption skyrockets with money laundering.
JO
Joni 1 year ago
Civil war? Really? That seems extreme.
DI
Dino 1 year ago
Totally agree, organized crime thrives on this!
CO
Cordelia 1 year ago
Weakening financial institutions is a big issue.
LI
Lili 1 year ago
I don't think increasing tax revenue is a consequence of money laundering; it seems like the opposite would happen.
FL
Fletcher 1 year ago
Weakening financial institutions sounds right, but I feel like I might be mixing it up with something else we studied.
TA
Tamra 1 year ago
I think an increase in corruption and organized crime is definitely one of the consequences, but I can't recall the second one.
VE
Verdell 1 year ago
I remember discussing how money laundering can weaken financial institutions, but I'm not sure if civil war is a direct consequence.
RE
Ressie 1 year ago
The GMRE activation status is definitely displayed through the color of the node icon, so I'm going to select option D.
CH
Chantay 1 year ago
Okay, I think I've got this. The key difference is that regulations are backed by the power of law, while standards are voluntary guidelines. I'll focus on that distinction in my answer.
PA
Paris 1 year ago
I'm pretty sure this is asking about code coverage tools, which provide information on which parts of the code are executed during testing. I'll go with option A.
MI
Mireya 1 year ago
None of these seem right either. Could it really be D? I feel like there should be a specific tracking mechanism that's not listed here.
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