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Acams CAMS Exam - Topic 3 Question 56 Discussion

Which are social/economic consequences of money laundering? (Choose two.)
B) Weakening financial institutions and C) Increase in corruption and organized crime
A) Civil war
D) Increase in tax revenue
E) Weakening of the country's infrastructure

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
7 months ago
Increase in tax revenue? That can't be right!
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Melissia
7 months ago
Definitely, corruption skyrockets with money laundering.
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Joni
8 months ago
Civil war? Really? That seems extreme.
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Dino
8 months ago
Totally agree, organized crime thrives on this!
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Cordelia
8 months ago
Weakening financial institutions is a big issue.
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Lili
8 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
8 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
8 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
8 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
9 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
9 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
9 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
9 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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