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Acams CAMS Exam - Topic 3 Question 56 Discussion

Actual exam question for Acams's CAMS exam
Question #: 56
Topic #: 3
[All CAMS Questions]

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

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Suggested Answer: B, C

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

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Denny
4 months ago
Increase in tax revenue? That can't be right!
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Melissia
4 months ago
Definitely, corruption skyrockets with money laundering.
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Joni
5 months ago
Civil war? Really? That seems extreme.
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Dino
5 months ago
Totally agree, organized crime thrives on this!
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Cordelia
5 months ago
Weakening financial institutions is a big issue.
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Lili
5 months ago
I don't think increasing tax revenue is a consequence of money laundering; it seems like the opposite would happen.
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Fletcher
5 months ago
Weakening financial institutions sounds right, but I feel like I might be mixing it up with something else we studied.
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Tamra
5 months ago
I think an increase in corruption and organized crime is definitely one of the consequences, but I can't recall the second one.
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Verdell
5 months ago
I remember discussing how money laundering can weaken financial institutions, but I'm not sure if civil war is a direct consequence.
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Ressie
6 months ago
The GMRE activation status is definitely displayed through the color of the node icon, so I'm going to select option D.
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Chantay
6 months 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.
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Paris
6 months 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.
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Mireya
6 months 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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